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
Cybersecurity automation: How to do more with less
Editor’s note: The opinions expressed in this commentary are the author’s alone. BARR Advisory, which has offices in Kansas City, is a cloud-based security and compliance solutions provider, specializing in cybersecurity, is a financial partner of Startland News. Click here to check out more from this Cybersecurity Month series from BARR Advisory. In today’s rapidly…
ARtechBBQ is back, bringing Oktoberfest vibes to KC’s best-smelling celebration of tech
While the party has grown larger each year, Greg Kratofil said, the goal of the ARtechBBQ remains the same: to highlight Kansas City’s tech community at what he calls the closest thing the city has to Mardi Gras. The hotly-anticipated, one-night-only event returns 6 p.m. to midnight Nov. 1 at the Kansas Speedway during the…
CEO: Selling US Toy allows family owners to refocus on innovative early childhood learning tools
Selling the family-owned US Toy business — a brand that became a household name over its 70-year run — allows its third-generation ownership to shift their full attention to a sister company that serves the early childhood industry with STEM resources, classroom furniture, playground equipment, and more, said Seth Freiden. Constructive Playthings, led today by…
Biotech startup’s latest partnership gets its UniPen into the hands of more pharmacists
A new strategic partnership for Love Lifesciences is expected to leverage its core product — a safe, self-administered injection medication delivery system — to new groups of like-minded, innovation-first companies, said Nick Love. The Overland Park biotech startup on Wednesday announced the deal with the Alliance for Pharmacy Compounding (APC), a leading trade organization, to…