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
Remote control cattle: Virtual fencing tech reduces herds’ carbon hoofprint, puts rancher pain points out to pasture
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. LINCOLN, Nebraska — Corral Technologies is taking cattle control virtual, founder Jack Keating shared. Using satellite maps and solar collars, the agtech startup offers a virtual fencing system to help…
White Castle invented sliders (and the playbook for fast food); then the Kansas-fried chain vanished from its home state
Editor’s note: The following story was originally published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. For more stories like this one, subscribe to A People’s History of Kansas City on Apple Podcasts, Spotify or Stitcher. The White Castle chain began in 1921…
DevStride founder finds himself ‘locking arms with frontline customers’ in bid to catch their mistakes early
Implementing and monitoring complex software cycles is a tedious process, Phil Reynolds said, which is why he and his team are working to drive better project management principles and improve outcomes through their software solution. “We are really trying to transform the way that teams go about implementing and managing agile software development cycles. Our…
Deep Rooted plants new store at busy Troost shopping hub; Here’s how the streetwear brand is growing
A Kansas City streetwear brand is extending its roots on the city’s east side, said owner Donnell Jamison. Deep Rooted — which Jamison launched in 2018 out of the trunk of his car — has a new home in the shopping center at Troost Avenue and Emanuel Cleaver Boulevard. “We just want to be that…