The Greater Kansas City Chamber of Commerce and Kansas City entrepreneurs will introduce a new plan today to build up area investment funds in an effort to help local startups grow and stay in Kansas City.
Four years after the chamber established its “Big 5” goals for improving Kansas City and set out to make the city “America’s most entrepreneurial city,” financing experts and entrepreneurs say securing capital remains a challenge for early-stage companies in the area.
The new plan, dubbed “We Create Capital,” aims to address that problem in three ways:
- Raising awareness of funding resources
- Fostering better connections between wealthy individuals or companies who could fund startups
- Cultivating a pool of people to manage venture capital funds.