Skip To The Main Content

Innovation-Led Funding Sources

fb-innovation-sprint-acceleratorAccording to Paul Kedrosky of the Kauffman Foundation, more than half of young companies finance startups from their own savings, and then generate enough cash flow to run the company. The second biggest source of funding is credit cards, the third is friends and families.

Some young companies are able to tap into conventional bank loans, if they have the collateral to secure the loan. Kansas City offers a wide range of loan programs targeted to startups. And if you are working on the next big technological breakthrough, you might be able to tap into government technology grants.

Less than 20% of fast-growing companies get venture capital funding, according the Kauffman Foundation research. That leaves a funding gap that is increasingly being filled by angel and peer-to-peer investors. Seeking funding from individuals outside your circle of friends requires preparation. Specifically, you’ll need to:

It’s HIGHLY RECOMMENDED to go through a trusted resource, such as the Small Business and Technology Development Center at UMKC or the Enterprise Center of Johnson County on the Kansas side, when approaching angel investors or venture capital firms. These resources can assist you in preparing your best business case before pitching to potential funders. You may also find Funding Stage Definitions helpful in determining what types of investors to approach.

Choose your entrepreneur type.

Choose your entrepreneur type.

Browse All
  • iconStartup

    You're a member of the start-up group. Brand new to the entrepreneurial world, your ideas and energy will take you far. Welcome to the family.

  • iconMicroenterprise

    You're a member of the microenterprise group. Your small business is not only your dream job, but also gives you the flexibility to do things on your time.

  • iconMain Street

    You're a member of the main street group. Your entrepreneurial spirit brings people together, providing your customers with a more personalized service.

  • iconInnovation-Led

    You're a member of the innovation-led group. You make the revolutionary ideas that will break through the ceiling. Let our resources get you there.

  • iconSecond Stage

    You're a member of the second stage group. Faster than a speeding bullet, your business is taking off. We have the resources to help your growth and expansion.

  • iconEntrepreneurial Community

    You're a member of the eco-devs group. You're the support system of the economic, small business and community rooted in getting things started. Let's connect.