Lead Financial institution donates $25Ok for OHUB.KC to assist minority-led startups throughout ‘unprecedented occasions’

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Lead Bank donates $25K for OHUB.KC to support minority-led startups during ‘unprecedented times’


The second is now for company companions to assist entrepreneur initiatives like OHUB.KC, mentioned Rodney Sampson, only a day earlier than the KC.UP minority accelerator pushes forward with a digital demo day to showcase its first cohort.

Lead Financial institution

Kansas Metropolis-based Lead Financial institution on Thursday introduced a $25,000 donation to OHUB.KC — a joint effort between the Financial Growth Company of Kansas Metropolis (EDCKC) and Atlanta-based Alternative Hub — supporting the group within the wake of a Coronavirus (COVID-19) outbreak that scuttled plans for its KC.UP showcase at SXSW earlier this month.

“These are unprecedented occasions; and through unprecedented occasions, an intentional entrepreneurial spirit and obsession for fixing the toughest drawback that face us are required,” mentioned Rodney Sampson, CEO and founding father of OHUB. “Amplifying the primary cohort of startups — three of that are academic tech firms — to OHUB’s international viewers of potential traders, prospects and stakeholders is essential; and we’re grateful to Josh Rowland and Lead Financial institution for his or her ongoing monetary assist.”

Friday’s digital demo day — set for six p.m. to 9 p.m. — is predicted to spotlight the 5 remaining members within the KC.UP accelerator. The businesses embrace Kansas Metropolis-based Boddle and Plabook, together with Forefront, Laundris, and Musicbuk.

Click on right here to register for Friday’s digital demo day.

Clarence Tan and Edna Martinson, Boddle

Clarence Tan and Edna Martinson, Boddle

Click on right here to be taught extra about how Boddle, one in all Startland Information’ Kansas Metropolis Startups to Watch in 2020, is responding to disruptions brought on by COVID-19.

As finalists in this system, the startups every acquired $50,000 and a chance Friday to pitch for accredited angel traders, enterprise capitalists, and the general public throughout the digital demo day.

Click on right here to be taught extra in regards to the path to the OHUB.KC finale.

OHUB.KC started almost a 12 months in the past with a launch occasion in Might 2019, adopted by an intensive course of that noticed greater than 180 candidates winnowed to 100 members, and at last 62 startups in a six-month startup bootcamp that led to 5 final finalists and KC.UP cohort members.

“As we glance to 12 months two of this system and accelerator, OHUB welcomes extra companions to comply with Lead Financial institution and be a part of forces to proceed this mission of making shared prosperity for the area’s minority excessive development startup entrepreneurs,” mentioned Sampson.

Everybody wins when organizations like Lead Financial institution assist entrepreneurs, mentioned Josh Rowland, CEO and vice-chairman of the monetary establishment — which already has awarded greater than $18 million to space minority and women-owned companies since 2017 by way of its Civic Contractor program.

“We totally assist the work the EDCKC and OHUB are doing in Kansas Metropolis and perceive simply how vital it’s to the sustainability of our metropolis,” Rowland mentioned. “We’ve got an amazing alternative to make Kansas Metropolis an amazing entrepreneurial metropolis and everybody at Lead Financial institution believes in supporting applications that encourage innovation, inclusion, and success.”

This story is feasible due to assist from the Ewing Marion Kauffman Basis, a non-public, nonpartisan basis that works along with communities in schooling and entrepreneurship to create unusual options and empower individuals to form their futures and achieve success.

For extra info, go to www.kauffman.org and join at www.twitter.com/kauffmanfdn and www.fb.com/kauffmanfdn

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