Startup Royal Loyal sells to Wichita coffee company
Royal Loyal, which created an app to encourage loyalty at convenience and retail stores, sold to Wichita-based Prairie Fire Coffee, Royal Loyal CEO Babir Sultan said, declining to offer a monetary value. Royal Loyal’s app allows users to save money and earn free products at various gas stations, fast food and retail stores. The application…
Read MoreSock 101 ‘makes it work’ on Project Runway, secures $250K
Apparently, Kansas City socks have significant upside with investors. After an appearance on Lifetime’s “Project Runway: Fashion Start-up,” Kansas City-based Sock 101 recently landed $250,000 from two prominent fashionistas. Designer Rebecca Minkoff and Gary Wassner, co-founder of Interluxe Holdings, a venture capital group focusing on fashion and luxury brands, both invested in the sock startup.…
Read MoreTFA, AT&T deal will expand computer science education in KC
Despite the growing number of computing job openings, only 1 in 4 U.S. schools offer computer science classes, according to the White House. To expand its computer science initiative, Teach for America Kansas City announced Monday that the organization received a donation of $100,000 from AT&T’s philanthropic arm, AT&T Aspire. The partnership’s goal is to…
Read MoreMontgomery: How to support KC startups with your IRA and 401(k)
Mycroft co-founder Joshua Montgomery recently appealed to the 1 Million Cups community to launch Initiative Six to foster more early-stage investment in Kansas City. The opinions in the commentary are the author’s alone. I recently read yet another article lamenting the lack of investment by Silicon Valley in the Midwest. The author stated how great…
Read MoreKansas program aims to create startups with public-private partnerships
A new Kansas program is tapping universities to incentivize residents to launch more startups through public-private partnerships. The Kansas Department of Commerce recently kicked off “JumpStart Kansas Entrepreneurs” in the hopes that it will spur economic growth in the Sunflower State via early-stage firms. “The program is designed to stimulate and grow the economy from…
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