For decades, Kansas has been committed to the development of a comprehensive network to support research, facilitate commercialization and to promote the adoption of new technologies in the state. This is evidenced in a myriad of ways, from our ongoing Statewide Broadband Initiative to the work our state’s universities are doing to partner with businesses and commercialize cutting edge research and technology. The state has a variety of tools to support and promote new technology for companies, whether they are in the early stages of their business or more mature in their operations.
Support for Innovation & Technology
In today’s rapidly moving technology economy, entrepreneurs and companies must work quickly to develop technologies before the commercial window of opportunity closes. Innovation Growth Program has the expertise and resources to help speed up the development process and turn innovative ideas into marketable products.
The Program was created on July 1, 2011 as a partnership between the Kansas Department of Commerce and the statewide network of organizations that were part of the network operated by the former Kansas Technology Enterprise Corporation. While the program exists to help entrepreneurs and companies, its ultimate goal is to bring new technology jobs to the state of Kansas.
Innovation Growth Partners provide a range of services that help accelerate the success of innovative technology companies. These services range from preparing entrepreneurs to approach capital partners to forming joint ventures and new companies around technologies and expertise housed at state universities. The partners, independent 501(c) 3 non-profit corporations, are partnerships between Innovation Growth Program, the community and/or the local research university. The partners are linked to regional angel networks and most have local pre-seed capital funds:
- Bioscience Technology and Business Center (BTBC), Lawrence
- Kansas State University Institute for Commercialization (KSUIC), Manhattan
- Wichita Technology Corporation, Wichita
In addition to access to seed capital, the Innovation Growth Program provides business assistance through a network of affiliate organizations. Services include business planning, strategic business development, investor networking, grant and loan application assistance, technical review, market research, intellectual property management and assistance with business negotiations.
Additional entrepreneurial resources are also available to Kansas companies. Resources included are for SBIR programs, inventors, small businesses and entrepreneurs.