UMKC program gets $2M to boost entrepreneurship

Monday, August 19, 2013 | 7:22 a.m. CDT; updated 12:22 p.m. CDT, Monday, August 19, 2013

KANSAS CITY — The effort to boost entrepreneurship in the Kansas City region is getting a $2 million boost.

The University of Missouri-Kansas City's Innovation Center will use the money to create something called the University Center Program. Its goal is to support high-growth entrepreneurship in the region by doing things such as increasing the capital pool for startup companies and strengthening the network of resources for entrepreneurs and small businesses.

Half the money will come from a five-year, $1 million grant from the U.S. Department of Commerce. The university said in a news release that the grant is being matched with $1 million in contributions from Kansas City corporations, including AMC Theatres, H&R Block and Sprint.

A small business-focused Innovation Center program called KCSourceLink will oversee the University Center Program.

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