Launch has a competition for new startups. Once selected the company is ready to fund $500,000.

The Startup eco system is a emerging platform. With expansion it also increase the competitive challenges faced by new Startups. Competition can be a good source of funding for new ideas and innovation. At the initial stage ample of startup’s are unable to locate proper and a regular flow of funding.

Some funder’s have a different way to provide funding. For example LaunchKC.  It is ready to offer $500,000 grant as a price in a competition for Startups. The company aim in offering grants to new startups. LaunchKC is a accepting new applications. The application date will end at July 6.There are team of experts who will review the application and shortlist the winners.

Such competition is  a fruitful way for startups to enter into market and proving their concept. LaunchKC has held a competition last year also where it received around 500 applicants. Top 10 selected startups receive a non-dilutive grant of $50,000. The grants were offers to startup around the globe.  According to  Mr.David Solomon who leads the competition, the company aim in finding the best tech startups at the growing stage.

The grant offer them a boost to stabilize and further go ahead with bigger findings. With the grant, winner also get a free office space to use for a entire year, professional services, etc. LaunchKC is located in Kansas City, Missouri. Any startup willing to participate can apply through the official website.

Takeaways:

• LaunchKC offers a $500,000 non-dilutive grant to new startups. Last year 10 winners received a $10,000 grants each.
• The winner gets a few extra benefits like free office space, professional services, legal services, marketing, financial services, etc