Techstars Kansas City on Monday announced the newest class of startups that will participate in its three-month accelerator program.
The group includes three companies from the Kansas City area, two more from elsewhere in Missouri and one apiece from New York City, Cincinnati, Seattle, Canada and the Netherlands.
The 10 startups are building products that range from software to help manufacturing companies track safety to technology to detect pathogens in food.
Despite the varied focuses of the companies, Lesa Mitchell, managing director of Techstars Kansas City, said they share a common quality.
“Although our companies come from many industries, they share in common that they are all solving problems to make the world as we know it more efficient and transparent,” Mitchell said in a blog post announcing the new class.
The 10 companies participating in this year’s program are:
- Bellwethr — Kansas City
- Daupler — Kansas City
- SaRA Health —Kansas City
- Smart Diagnostics Systems — Columbia
- Noviqu — Moberly
- EdSights —New York City
- SoLo Funds — Cincinnati
- WattBuy — Seattle
- Townfolio — Saskatoon, Canada
- Qwyk — Dordrecht, South Holland
The program will begin this week and give entrepreneurs access to capital, mentors, investors, office space and Techstars’ global network. It will conclude with a demo day on Oct. 11, during which entrepreneurs can showcase their companies and products to potential investors.
Upon acceptance into the program, every company is offered a $100,000 convertible note, according to Techstars. The accelerator will also contribute $20,000, which is usually used as a stipend to support living expenses during the program. In return, Techstars receive 6 percent equity from each company.
Techstars was founded in 2006 in Boulder, Colorado. It ran its first Kansas City accelerator program in 2014, in tandem with Sprint. Techstars and Sprint split after their 2016 accelerator class, but Techstars maintained its presence in the city and had the first class of its standalone Kansas City program last year.