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 owner plans Vietnamese redux with modernized experience at Northland bánh mi spot
Quick service. Customization. Simple menu. Meals made-to-order in front of the customer. Chipotle was built on this service model. Now Peter Nguyen wants to bring it to his new Vietnamese restaurant, and even use that system to start a franchise of his own. In August, Nguyen purchased the former Bun Mee Phan restaurant at 4011…
Office with a pew: Coworking veterans hail ‘untapped potential’ of unused space within churches
A coworking space and a church — united around the idea of building community — formed a unique partnership earlier this year in Kansas City’s northland, said Bob Martin. The CO-OP at Shoal Creek — which Martin and Heather Heckroot opened in January — has taken up residence at Shoal Creek Community Church in Pleasant…
Digital Inclusion Fund awards $75K for devices to KC nonprofits working to get residents online
A relaunched Kansas City-area fund is expected to help residents struggling because of a lack of simple tech resources: devices that might often be taken for granted among their neighbors for whom the internet — and the opportunities that come with it — is already easily accessible. Eleven nonprofits in the region recently were awarded a…
Biden-Harris official tours KC BioHub; region prepares to reapply for federal Tech Hubs funding
A visit from a top federal economic development leader early this month offered regional leaders an opportunity to showcase and build upon Kansas City’s strategy to increase domestic production of life-saving vaccines within the footprint of the newly established KC BioHub. Maryam Janani-Flores, chief of staff for the U.S. Department of Commerce’s Economic Development Administration…