Speaking on Business: Kinect Capital

Salt Lake Chamber

This is Derek Miller, Speaking on Business. Kinect Capital’s mission is to empower emerging and diverse entrepreneurs in creating sustainable companies that bring high-quality jobs and new economic opportunities in under-served regions of the United States. Here with more is Board Member Matt Warnock. Matt Warnock: Utah’s tech scene is red hot — but starting a company is hard. Most startups fail, often because they lack experience, capital, or both. At Kinect Capital, we help founders put both experience and capital in their corner. Founded in 1983, Kinect Capital is the world’s oldest and most successful nonprofit venture accelerator. Our alumni include Ancestry dot com, Myriad Genetics, and over a thousand others. We pair promising startups with a multidisciplinary team of experienced volunteers, helping them attract capital from smart investors. Over 60 percent of our alumni raise capital, and 80 percent are still in business 10 years later. Unlike many accelerators, we don’t move our startups to Silicon Valley or other places — we’ve been bringing capital to local communities right here in Utah for over 40 years! At Kinect Capital, we help founders start right, raise capital, and change the world. We're building the future, one startup at a time. Derek Miller: Kinect Capital believes that diversity brings better connections and better returns. This thriving community of entrepreneurs, mentors, and capital sources extends beyond tech, adding value and creating unexpected connections across many industries. Find out more at kinectcapital.org. I'm Derek Miller, with the Salt Lake Chamber, Speaking on Business. Originally aired: 11/13/24