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
From childhood friend to Chief’s personal chef: ‘Whatever he’s feeding me is keeping me young,’ says Travis Kelce
Kumar Ferguson has a meaty behind-the-scenes role in the Kansas City Chiefs coming season: fueling professional athletes, the personal chef to Travis Kelce shared. Since 2016, Ferguson’s full-time job is to worry about what’s for dinner, so Kansas City Chiefs tight end Kelce doesn’t have to. He prepares three fresh meals a day, so his…
TokenTourney brings daily fantasy sports to the casual fan, fielding a video game feel with real-world experiences
In April, Davis Engle asked his lifelong friend to quit his job in Dallas and come take a gamble on his startup. For Sam Shortall, it was an easy decision. “It didn’t take long for me to weigh the pros and cons of leaving consulting and doing something revolutionary,” Shortall said. The two have known…
Access all in one room: KC Black Owned bringing Black business summit to KC Convention Center
It’s easy to get caught up in the daily hustle and forget to step back and reflect when building a business, said Chelsey M., announcing a fall summit meant to help minority entrepreneurs strategically gain insights, network, and plan for growth and success. The Infinity & Beyond Black Business Summit — set for Oct. 7 at…
Investment from former Chiefs linebacker expected to boost Kin Seltzer’s flow into KC
An investment from former Chiefs player Dezman Moses valued at $3 million is expected to help flood Kansas City with storytelling — and a new surprise flavor — from the first Black-owned seltzer in the market, said Joshua Lewis. Kin Seltzer announced the strategic investment from the Kansas City linebacker-turned-entrepreneur, noting plans to use the…