Winners of 2017 LaunchKC grants pose with the competition's organizers and other local officials at the culmination of the annual competition. | Courtesy of LaunchKC

Startup competition LaunchKC plans shift to vertical-focused approach

LaunchKC will undergo changes in 2019. The annual grants competition for startups is expected to zero in on specific business verticals next year in an effort to fill industry gaps in Kansas City.

The revised version of the competition would grow those verticals so they become individual accelerator programs. The amount of grant funding for each vertical is dependent on fundraising efforts, according to the Economic Development Corporation of Kansas City.

Previously, LaunchKC has featured an annual pitch contest through which 10 startups secured a combined $500,000 in grant funding.

LaunchKC will continue financially backing the Fountain City Fintech program and provide administrative assistance to further the accelerator’s growth.

The switch to supporting accelerators will encourage companies to stay in Kansas City longer and increase engagement with area assets, Fountain City Fintech said.

Read more: Startland News

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