Agency Newsroom

Posted on: October 25, 2016

Kansas Commerce introduces JumpStart Kansas Entrepreneur

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The goal of JumpStart Kansas Entrepreneur is to incentivize and encourage “new businesses” while developing the entrepreneurial spirit in the state by partnering with our university structure and Network Kansas. This initiative is meant to showcase the tremendous opportunities and inherent resources available to entrepreneurs all across our landscape, both rural and urban.

“We want to target entrepreneurs who do not necessarily have the access or the opportunity to get a jumpstart sort of fund,” said Kansas Commerce Secretary Antonio Soave. “JumpStart Kansas Entrepreneur is early-stage capital. We believe in these Kansas entrepreneurs and we want to help them succeed in their endeavors so we are willing to be the first money in.”

To choose the entrepreneurs, the Kansas Department of Commerce will utilize our partners’ proven innovation and incubation systems toward a common goal of creating businesses that will “invest, thrive, and prosper” in Kansas.

University partners include:

• Kansas State University (Advanced Manufacturing Institute)
• University of Kansas (Bioscience and Technology Business Center)
• Wichita State University (Innovation Campus)
• Pittsburg State University (Center for Economic and Business Development)
• Fort Hays State University
• Emporia State University
• Washburn University
• Network Kansas

The monies provided must be used toward the goal of creating new businesses for Kansas. These businesses are required to stay in Kansas for a specified period of time. Each partner shall be encouraged to award the monies as they deem appropriate, contingent on final approval from Commerce.

A second phase of the JumpStart Kansas Entrepreneur program, in which the Kansas Department of Commerce will partner with NetWork Kansas, will be announced at a later date.

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