Kansas Commerce Capital Investment Programs
$250,000
About the Program
The State of Kansas was allocated $69M in U.S. Treasury State Small Business Credit Initiative (SSBCI 2.0) dollars. The programs created the $27M GROWKS Equity Fund.
The Angel Capital Support Program provides co-investment dollars alongside other investors and partners for Kansas-based businesses.
- Initial investment: $50,000-$250,000 (typical)
- Follow-on investment: $50,000-$150,000 (typical)
Kansas Commerce Capital Investment Programs FAQ's
Who can apply for a GrowKS equity investment?
For-profit, Kansas-based companies looking for capital co-investment and raising a funding round of less than $20M.
What are the requirements to qualify as a Kansas-based company?
Entity organized and/or incorporated in the State of Kansas and registered with the Kansas Secretary of State to do business in the State.
If the entity is a Delaware corporation, it must be registered with the Kansas Secretary of State as a Foreign Entity doing business in Kansas.
The business’s primary location must be in Kansas.
What does a GrowKS equity project look like?
A company that is well-suited for venture funding and is seeking funds for investment in its business. These companies typically have a scalable business model with the potential to generate strong capital returns. The funding round must have co-investors participating alongside the GrowKS investment. The deal structure should be on market terms, and the GrowKS investment would be pari passu with the co-investors.
What types of funding qualify as co-investment funds?
Qualifying funds include: new capital investment from angel investors, an angel investment fund, a venture capital fund, personal funds, or friends and family. Funding from the following sources would NOT be considered qualifying co-investment funds: local or regional revolving loan funds (RLFs), Network Kansas loan funds, public sources of financing, or grants.
Explore Kansas Communities
You've learned about the program. Now explore Kansas communities to see what it's like to live and work in the places where your business could grow.
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