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
Before restaurant’s debut, this KC founder’s expansion was threatened by predatory loans
Editor’s note: The following story was originally published by AltCap, an ally to underestimated entrepreneurs that offers financing to businesses and communities that traditional lenders do not serve. There’s nothing quite like the crackling warmth at the heart of a campsite. “I just love what the fire does,” said Amante Domingo. “It brings people around,…
Kauffman Foundation looks within, names new executive director for 1 Million Cups, FastTrac
The new steward of two core programs from the Ewing Marion Kauffman Foundation brings a wealth of experience in inclusive entrepreneurship and as a workforce development leader, the influential Kansas City philanthropic organization said Monday. Olatunji Ajani, a current associate at the Kauffman Foundation, begins his role as executive director for 1 Million Cups and…
Smokeware ceramicist wins Chamber’s new arts award: A breath of fresh air for once-waylaid artist
Editor’s note: The Greater Kansas City Chamber of Commerce is a non-financial partner of Startland News, which serves as the media partner for the Small Business Superstars program. Riley Brain strikes a delicate balance between artist and entrepreneur, the founder said Thursday after being named the KC Chamber’s first winner of the Luminary Art and…
KC engineering firm with global reach earns Chamber equity award for its community-focused blueprint
Editor’s note: The Greater Kansas City Chamber of Commerce is a non-financial partner of Startland News, which serves as the media partner for the Small Business Superstars program. Equity is infused in everything Taliaferro & Browne engineers, said Leonard Graham, accepting the KC Chamber’s Small Business Equity Award alongside co-owner Hagos Andebrhan. One of Kansas…