An area organization that helps small businesses gain access to capital has announced the winners of its recent pitch contest.
The AltCap Your Biz competition took place during Global Entrepreneurship Week and was put on by AltCap, a Kansas City community development financial institution.
The competition was open to Kansas City small for-profit businesses and startups looking to grow. Participating entrepreneurs submitted pitch videos and business proposals. Finalists gave a live pitch at a Closing the Deal event Nov. 15 at Plexpod Westport Commons.
Maker Village, a community woodworking and metalworking shop, won first place. The business offers open shops, classes, prototyping and more to commercial entities and hobbyists. Maker Village won $10,000 and a scholarship for AltCap’s Workshop in Business Opportunities. It plans to scale up by purchasing more equipment to make available to the community.
The second-place winner was fashion designer Whitney Manney. She earned $5,000 and a WIBO scholarship to help expand her business.
In third place was Makefully, a studio focused on research and development of innovative educational technologies. Makefully plans to open a studio in the spring where students can work on projects and receive mentorship. It won $2,500 and a WIBO scholarship.
The winners also will receive access to technical assistance resources and peer-to-peer mentorship.
AltCap was created in 2005 (then named KCMO CDE) and promotes investment in underserved communities of Kansas City, Mo.