Beyond the Check: Building a Startup Ecosystem That Actually Works

What does it take to move from writing checks to actually building a thriving innovation ecosystem?

In this SZN2 Premiere episode of the McKinney Momentum Podcast, Luke Gajary sits down with Troy Billett to unpack the evolution of McKinney’s Innovation Fund into something much bigger. What started as a grant program has grown into a multi-layered ecosystem designed to support founders at every stage, not just financially, but relationally.

Troy shares his journey from university in Switzerland, to  launching a company, to working in venture capital and ultimately taking a leap into local government. Along the way, he discovered something unique about McKinney: a city willing to invest in early-stage innovation in a way that most places simply don’t.

But this conversation goes far beyond funding.

They break down the shift from a single program to a 12-pillar innovation strategy, covering everything from capital access and corporate partnerships to talent pipelines and global connections. The goal? Create a connected network where founders, investors, and organizations aren’t operating in silos but are actively building together.

A key theme throughout the episode is the power of relationships. As Troy puts it, success in a startup ecosystem isn’t just about proximity, it’s about intentional connection. In a region as spread out as DFW, creating that “mesh” between people is what unlocks real growth and opportunity.  

You’ll also hear practical insights for founders, including:
 • What the Innovation Fund looks for in early-stage companies
 • Why revenue matters more than fundraising
 • How to plug into the ecosystem even if you’re not ready for funding
 • The importance of staying in the “innovation cycle” through reinvestment and mentorship

Whether you’re a founder, investor, student, or just someone interested in how cities can drive innovation, this episode gives you a clear look at what it means to build something sustainable and scalable.

And maybe most importantly, it answers the question:
What happens after the check clears?

Connect with Troy: https://www.linkedin.com/in/troybillett/

Learn more about the Innovation Exchange and see if you qualify: https://uniquemckinney.com/ix/

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