MTC gifts $2.6M to 10 Missouri tech firms, including one from KC
December 9, 2016 | Bobby Burch
The Missouri Technology Corporation is making the holidays extra special for 10 Show Me State startups.
With an aim to grow the state’s tech and bioscience sectors, the MTC announced that it approved $2.6 million in co-investment awards to 10 firms, including $225,000 to Kansas City-based SquareOffs. Founded in 2012 by Jeff Rohr, SquareOffs created an interactive polling platform that increases engagement and communication for publishers, bloggers and brands.
“This early-stage support allows startups to gain some traction in their capital raising efforts,” MTC executive director Bill Anderson said in a release. “It’s another way for these young companies to demonstrate validation of their concept to potential investors and for the state to solidify its reputation as being a growing innovation hub.”
MTC also allocated funding awards to six startups from St. Louis and one each from Brentwood, Chesterfield and Wildwood.
The capital derives from the MTC’s IDEA Fund, a program that will match other capital investments in high-growth tech companies. Since 2011, the program has co-invested in 95 companies, which have in turn been able to raise over $350 million in additional capital to grow their businesses and create jobs.
Featured Business
2016 Startups to Watch
stats here
Related Posts on Startland News
New in KC: Ops leader joins KCSourceLink to strengthen network’s collective impact for entrepreneurs
A newly created director of operations role at KCSourceLink is expected to boost efforts to connect entrepreneurs and small businesses with hundreds of resources for growing and scaling their ventures in Kansas City, as well as across the state through MOSourceLink. Dena Thomas Aouassou, a veteran of nonprofit entrepreneurship support and workforce training, recently relocated…
Cultura con carácter: How JEFES inks DINKC’s hometown team with drops of KC Latino hustle
Laedan “DINKC” Galicia draws a fine line between his creative mediums: skin, pen, fabric, and paint — now from a artists hub in Kansas City’s Columbus Park neighborhood. From his signature tattoo style to his JEFES clothing line, DINKC’s bold perspective is leaving a mark on Kansas City culture (and the Super Bowl). “With JEFES, I…
BKS Artisan Ales plans Crossroads nanobrewery, tapping additional location closer to KC’s hub of activity
BKS Artisan Ales — dubbed a “little beer heaven” by industry insiders — is bringing its award-winning operation to the Crossroads, adding a second, smaller brewery location near what founders Brian and Mary Rooney see as a downtown tourism market that also is easily accessible to some of their business’ biggest local fans. The space…
Pipeline doubles-down on diverse voices: Meet its new class of Pathfinder entrepreneurs
Programs built to support emerging founders who are primed to break through — despite entering entrepreneurship from a different starting point — have never been more needed, said Melissa Vincent, announcing the newest class of Pipeline Pathfinders. “In today’s climate, programs like Pathfinder are not just valuable — they’re essential,” said Vincent, CEO of Pipeline…