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
Scale VC launches Fund II with $5M investment led by UM System, Shelter Insurance
COLUMBIA, Missouri — Venture capital fund and studio Scale VC raised a $5 million round of funding in less than six months, said Brett Calhoun, highlighting the potential for growing a nationally recognized startup city in the middle of the country. “Successful founders are everywhere — and that includes right here in the heart of…
KC-based coffee collective adds two more Midwest brands to its speciality roast portfolio
A pair of Minneapolis-based coffee businesses are expected to add to the aroma of FairWave Collective, said Dan Trott, emphasizing the company’s mission to elevate quality coffee experiences through specialty brands. Folly Coffee Roasters and Philtera Cold Brewed Coffees are the latest Minnesota additions to the Kansas City-based collective’s roast, joining Up Coffee Roasters, which…
Her airport debut is an early success; now Chef LaRonda LaNear is extending Safi Fresh’s runway with new Crossroads location
Changing your lifestyle can start with what you put on your plate, said LaRonda LaNear. “Safi Fresh is all about educating people on the benefits and importance of eating clean. I’ve helped a lot of people lose weight and wean themselves off medication through changing their diet. I’m excited to do that on a larger…
Arrowhead event: Teams are stronger with women; How the NFL is moving the ball forward
While nighttime NFL Draft festivities at Union Station put the focus on male athletes chosen to play professional football, Friday morning at Arrowhead Stadium was all about spotlighting women changing the landscape of the NFL and Kansas City. “As we talk about champions today, this is what we’re talking about: Women and men, moving the…