Lead Ventures’ business accelerator program is launching a new program to support the growth of businesses in eastern Jackson County, Missouri. Grant funds totaling $50,000 will be awarded to one or more companies participating in the program. On January 11, 2013, Community Buying Group was announced as one of five finalist for Lead Ventures Accelerator Program. Each company chosen for the six-month program also will be given a suite of business services valued at $10,000 or more.
After the six months up, participants will present their companies to an “executive panel” that will offer them professional guidance. The participating companies also will be introduced to potential investors. The challenge is open only to companies with headquarters or locations in eastern Jackson County, or intent to relocate there. Applicants will be evaluated by their revenue, the leadership’s track record and the company’s potential for growth, among other factors.
Lead Ventures is Kansas City’s first bank-affiliated business accelerator, providing investments and advice to small and start-up businesses. With over a half a million dollars in capital committed to local business in 2011, Lead Ventures has demonstrated its intention to redefine what support for our business community really means. For more information on Lead Bank (Member FDIC) visit www.leadbankonline.com.