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
KC team leaves its mark on Superdome; How your gameday Super Bowl view could be thanks to this Lenexa firm
A five-year, $560-million renovation at the Ceasars Superdome in New Orleans culminates Feb. 9 in a Super Bowl rematch featuring the hometown team of an engineering firm responsible for much of the work at the massive historic arena. Henderson Engineers, a Lenexa-based building systems design firm, recently completed a wide range of renovation projects within…
K-State accelerator opens applications to startups; university dives deeper into regional K-State 105 initiative
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. MANHATTAN, Kansas — Sunflower State startups are invited to apply for Kansas State University’s entrepreneurship accelerator, which now boasts a more-than-10-year track record, as well as a refined focus on…
Prefix Coffee opens another shop in downtown KC, pulling closer to drive-thru service
Owners of the family-run Prefix Coffee hope its newest location in downtown Kansas City will make the shop — known for its in-house roasted specialty coffee and fresh pastries — the go-to spot for the nearby Power & Light District and government buildings surrounding City Hall. The Prefix Coffee space at 1125 Grand Blvd opened…
Aussie livestock tech company tags Johnson County for its new North American HQ
An Australian leader in direct-to-satellite animal monitoring technology announced its plans Wednesday to establish North American headquarters at the Aspiria Campus in Overland Park — bringing a half-dozen jobs and paving the way for more tech innovators from Australia to land in the local market. “The Kansas City region was the clear choice,” said David Smith,…