Innovation Fund

Aiming to Build ‘the AI Hub of Texas,’ McKinney EDC Offers to Support Startups With Up to $500K

by | Nov 13, 2024
Boosting its Innovation Fund grant program, McKinney EDC is now offering non-diluted capital of up to $200K for qualifying early-stage startups—and up to half a million dollars in support for established or relocating later-stage startups who set up their HQs in the city.
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Mortgage Comparison Startup Confer Moves HQ From San Francisco to McKinney
by | Sep 15, 2022
Confer, whose app platform lets mortgage shoppers compare multiple mortgage offers, has found a new home in the Serendipity Labs coworking space in McKinney's Craig Ranch. It aims to open its platform to brokers, banks, and lenders in order to help them provide a plug-and-play model to give more options to borrowers. It's now looking to raise a $4 million seed funding round. “The end goal is to guide buyers in making a conscious and intelligent decision,” says Yatin Karnik, Confer's founder and CEO.
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Startup Connecting Students to HBCUs Moves from California to McKinney
by | Apr 28, 2022
HBCU HUB, a startup focused on connecting students to recruiters at historically Black colleges and universities, is moving its headquarters to McKinney with the aid of grant funding from the McKinney Economic Development Corporation’s Innovation Fund.
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EV Fintech Xcelerate Auto Relocates Headquarters to McKinney
by | Aug 18, 2021
Xcelerate is a sustainable transportation company that offers funding support and ancillary products to EV manufacturers like Tesla. With the move, the team hopes to "put McKinney on the EV map."
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AI Startup for the Land and Title Industry Expands Its Headquarters in McKinney

by | Oct 26, 2020
SaaS startup Alanna.ai, which uses artificial intelligence software to simplify land and title transactions, will use a grant from the McKinney Economic Development Corporation to add 3,000 square feet and 20 high-tech jobs at its headquarters.
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McKinney Innovation Fund Draws Hundreds of New Jobs, 11 Tech HQs in Eight Months
“We’re building an ecosystem and creating a space for startups to access funding, and helping them scale at the timeliest need for their company during the startup lifecycle,” Senior Vice President at McKinney EDC Danny Chavez said.
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Derrick L. Miles, President and CEO of CourMed
McKinney Startup Expands Crowdsourced Delivery for Healthcare Supplies Through Innovation Grant
by | Aug 10, 2020
CourMed, which has HIPAA-certified drivers and training, plans to expand its services to major cities in all 50 states this year. The startup says "it can be up and running in any market in seven days."
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EnginSoft Expands its U.S. Headquarters in McKinney With a Grant From MEDC’s Innovation Fund
by | Jul 27, 2020
Engineering company EnginSoft is expanding its headquarters at Adriatica, a 45-acre mixed-use development inspired by a Croatian village. Driving EnginSoft's growth is the work it does for companies such as NASA, Xerox, Toyota, and more.
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McKinney EDC Launches Innovation Fund for Tech Startups

by | Jan 29, 2020
Startups in a variety of sectors, from cybersecurity and fintech to SaaS and life sciences, are invited to apply online for the McKinney Economic Development Corporation's new Innovation Fund.
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