About this programme
The State of Kansas was allocated $69 million in U.S. Treasury State Small Business Credit Initiative (SSBCI 2.0) dollars, which funded the $27 million GrowKS Equity Fund. The Angel Capital Support Program is one of the GrowKS Equity Programs and provides co-investment dollars alongside other investors and partners for Kansas-based businesses.
It is run jointly by NetWork Kansas (through its eGrowth Ventures team) and the Kansas Department of Commerce, the state's lead economic development agency. The fund does not lead deals; it co-invests, matching other investors dollar for dollar on the same terms.
How it works
GrowKS puts in a typical initial investment of $50,000 to $250,000, with typical follow-on investment of $50,000 to $150,000.
A GrowKS equity investment requires co-investment on a pari passu basis, meaning GrowKS invests on the same terms as the other investors in the round, not ahead of or behind them.
Qualifying co-investment funds include new capital from angel investors, an angel investment fund, a venture capital fund, personal funds, or friends and family. Local or regional revolving loan funds (RLFs), Network Kansas loan funds, public sources of financing, and grants do NOT count as qualifying co-investment.
Businesses that receive GrowKS investment must provide quarterly and annual updates and business data by stated deadlines, with the specific data requirements set by GrowKS and US Department of the Treasury guidelines at the time of investment.
Applications are accepted on an ongoing basis and reviewed by the eGrowth Ventures team over a 30 to 45 day period.
Who can apply
The business must be for-profit and Kansas-based, raising a funding round of less than $20 million.
To qualify as Kansas-based, the entity must be organized and/or incorporated in Kansas and registered with the Kansas Secretary of State to do business in the state. A Delaware corporation, for example, must register with the Kansas Secretary of State as a Foreign Entity doing business in Kansas, and the business's primary location must be in Kansas.
A good fit is a company well suited for venture funding, with a scalable business model that has the potential to generate strong capital returns, and a funding round that already includes co-investors participating alongside the GrowKS investment on market terms.
Companies engaged in speculative activities, or that earn more than half their revenue from lending activities, pyramid sales, or gaming/gambling activities, or any activity prohibited by federal law, are not eligible. Any conflict of interest involving the business owner, partners, or family members disqualifies the company.
How to apply
- Connect with the eGrowth Ventures team to discuss the application process and determine eligibility.
- The eGrowth Ventures team conducts a due diligence review of qualifying businesses that apply for investment.
- Submit through the eGrowth Ventures application channel; funding applications are accepted on an ongoing basis and reviewed over 30 to 45 days.
Frequently asked
Do I need other investors already lined up?
Yes. A GrowKS equity investment requires co-investment on a pari passu basis alongside the GrowKS program; GrowKS does not fund a round on its own.
What kinds of co-investment funds qualify?
New capital from angel investors, an angel investment fund, a venture capital fund, personal funds, or friends and family. Revolving loan funds, Network Kansas loan funds, public financing sources, and grants do not count.
How much does GrowKS typically invest?
A typical initial investment is $50,000 to $250,000, with typical follow-on investment of $50,000 to $150,000.
What reporting is required after I take the investment?
At minimum, quarterly and annual updates and business data, with specific requirements set by GrowKS and US Department of the Treasury guidelines at the time of investment.
How long does review take?
Applications are accepted on an ongoing basis and reviewed by the eGrowth Ventures team over a 30 to 45 day period.
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Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.