UMKC Innovation Center partners with the university and the community to spark and sustain entrepreneurial efforts within our region and across the country.

KCSourceLink connects KC entrepreneurs to the right resource at the right time.

MOSourceLink connects Missouri entrepreneurs to the right resource at the right time.

Whiteboard2Boardroom connects entrepreneurs and businesses to technologies available for licensing.

Digital Sandbox KC provides early-stage proof-of-concept support for digital products.

Missouri Small Business & Technology Development Center provides technical assistance to startup and existing businesses.

ScaleUP! Kansas City helps businesses with revenues around $200K scale toward their first $1 million.

Missouri Procurement Technical Assistance Centers helps local businesses obtain government contracts.

KCInvestED helps investors learn more about investing in KC startups.

SourceLink® helps communities nationwide build vibrant and vital entrepreneurial ecosystems.
UMKC Innovation Center
UMKC Innovation Center

Guide: Loans, Grants and Equity Funding  Part Seven

Angel Investing

Angels give wings to entrepreneurs. These individuals provide seed money to high-potential businesses — to the tune of tens of thousands to a million dollars or more — in exchange for convertible debt or ownership equity. Some angel investors come together to form angel groups or angel networks to share research and pool investment dollars.

Before you approach an angel investor or angel network, ask yourself and your partners these questions:

  • Am I willing to give up some amount of ownership and control of my company?
  • Can I demonstrate that my company is likely to realize significant revenues and earnings in the next 3-7 years?
  • Can I demonstrate that my company will produce a significant return for investors?
  • Am I willing to take the advice from investors and accept board of director decisions I may not always agree with?
  • Do I have an exit plan for the company that may mean I’m not involved in 3-7 years?

You’ll need to follow those answers with a solid business plan and an executive summary that includes:

  • Financial overview for at least three years out
  • Sales and marketing plans
  • Three-to-five year goals and your action steps to get there
  • Exit strategy
  •  

    You may also find Funding Stage Definitions helpful in determining what types of investors to approach.

    You only get one chance to make a first impression. We highly recommend working with one of the resources below on pitch prep and selecting the right investment group. Not sure where to turn? Call KCSourceLink at 815-235-6500.

    Who can help?

    Provider Information

    Bioscience & Technology Business Center - Lawrence

    The BTBC, located at the University of Kansas (KU), Lawrence Campus, and Kansas University Medical Center (KUMC), in Kansas City, Kansas, is the largest incubator system in the state. It is comprised of three separate facilities which total approximately 90,000 square feet of wet lab and office space.

    Enterprise Center in Johnson County

    The Enterprise Center in Johnson County (ECJC) is a venture development organization providing resources and connections to accelerate the success of early-stage companies.

    Hispanic Chamber of Commerce of Greater Kansas City

    The Hispanic Chamber of Commerce of Greater Kansas City is dedicated to the creation, advancement, promotion and development of economic opportunities within the Hispanic market and business community.

    Innovation Stockyard

    The Innovation Stockyard operates the Kit Bond Science and Technology Incubator on the campus of Missouri Western State University with a focus on economic and workforce development, and animal health and nutrition.

    InvestMidwest Venture Capital Forum

    InvestMidwest provides access to capital for emerging, privately held companies to promote entrepreneurship, business growth and expansion in the Midwest, with a focus on technology, food/agriculture, and life sciences.

    RedTire

    Assist businesses in ownership transition, succession planning, business valuation, business sales and acquisitions. Provide guidance and counselling to potential buyers. Equally assist both sides by helping the parties negotiate a fair value to make a win-win deal and complete the purchase transaction. All services are offered free of charge.

    Small Business & Technology Development Center - Jackson County Extension

    Missouri's Extension Centers are part of the MO SBTDC network that provides expert business counseling, training and online resources to help existing businesses grow and prosper and new businesses get started successfully at little or no cost to the business.

    Small Business & Technology Development Center - Northwest Missouri State University, St. Joseph Satellite

    The SBTDC offers confidential, one-on-one counseling, coaching and training to existing businesses and emerging business owners.

    Small Business & Technology Development Center - University of Missouri Kansas City

    The Small Business & Technology Development Center at UMKC offers one-on-one counseling and training through our ELEVATIONLAB™ track programs to business owners and emerging business owners.

    TechAccel, LLC

    TechAccel is a venture development and technology organization that invests across the agriculture, animal health, and food science industries. They work with startups, universities, and corporate partners to fund and advance new discoveries to market.

    Women's Business Center

    Provide training, mentoring, networking opportunities and business consulting to help women start & grow their businesses.

    Kansas City Area Angel Networks

    Provider Information

    Go Topeka/Entrepreneurial & Minority Business Development

    GO Topeka promotes and supports business in the Topeka, Kansas area by providing assistance to new and existing business seeking to start or grow, or those companies or corporations seeking to relocate or expand in the Topeka/Shawnee County Community.

    Leanlab Education

    LEANLAB Education is an organization that builds communities and launches transformational innovations into K12 schools.

    Mid-America Angels

    Mid-America Angels ("MAA") is a regional network of angel investors dedicated to identifying and funding the most promising start-up business opportunities in the Kansas-Missouri Region.

    Northland Angel Investor Network (NAIN)

    The Northland Angel Investor Network seeks to match financial capital and assistance with qualified start-up and emerging-growth companies of Clay County, Missouri, which is part of Kansas City’s Northland area.

    Women's Capital Connection

    Women's Capital Connection (WCC) is a regional network of accredited angel investors dedicated to identifying and funding the most promising start-up business opportunities in the region.

    Kansas Angel Tax Credit

    For questions, contact the Kansas Department of Commerce at 785-296-3345.

    The Kansas Angel Investor Tax Credit Program is an initiative developed under the Kansas Economic Growth Act. The program is designed to bring together Kansas-based accredited angel investors with Kansas-based, Kansas Department of Commerce-certified companies seeking seed and early stage investment.

    This program enables accredited angel investors to qualify for the Kansas Angel Investor Tax Credit, and allows companies to become certified under the guidelines of the program.

    Other Angel Groups

    Gust provides a listing of many angel groups.

    Venture Capital

    Venture capital funds can also provide early-stage financing. For a list of KC-based venture capital funds, click here.

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