The Midwest: A New Technological Frontier

As reported in TechCrunch, the Midwest is no longer just a flyover space for high tech proprietors and investors flying between Silicon Valley and New York city. The Midwest has become a bastion for high tech startups in addition to the regions more traditional manufacturing entrepreneurship. Mark Kvamme, a co-founder of the Midwest’s largest — and most recent — venture investment firm, Drive Capital, recently said that, “In the last five years there have been 52 companies [from the Midwest] that have either gone public or been acquired for north of $1 billion." Recently, Sprint invited a group of 10 mobile-health related startups to its accelerator program based in Kansas City. Earlier in March, the Digital Sandbox KC released information stating that it had raised $7 million in follow-on funding for graduates of its accelerator program. Regardless of previous geographical prejudices, the Midwest is now a must visit for tech investors looking for the next big thing. Kansas City continues to lead by example through amazing entrepreneurship programs like Google's Fiberhood and the Kauffmann Foundation's numerous initiatives. Read the entire story from TechCrunch here.

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