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
Head in the grounds: Why Ben Cloud is the first (and last) hand to touch his evolving coffee brand
Americans drink coffee like water, youth entrepreneur Benjamin Cloud noted, and he’s doing his part to fuel their habit. The recent Shawnee Mission North graduate — inspired by an intro to business class — started Cloud’s Coffee two years ago when he was 15. “I initially thought about coffee because of the size of the…
Yoli Tortilleria, Drastic Measures among 7 local restaurants, bars named James Beard semifinalists
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. Kansas City is well represented in the national food competition this year — with The Town Company, Yoli Tortilleria, Drastic Measures and…
Diverse startups are growing in KC, but is equitable funding matching their traction?
Editor’s note: This story was originally published by The Kansas City Beacon, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and Missouri Business Alert. Click here to read the original story. While Kansas City has ample resources for the growing number of budding entrepreneurs, BIPOC…
The Nelle — a ‘third space’ for women and LGBTQ+ creatives — closing its doors Jan. 31
Lauren Saks Merriman is proud of The Nelle HQ’s two years in the Crossroads Arts District, she said, recalling its impact as a genuine environment for empowered thought, inclusion and connection. “We set out to offer a safe space for inspiration and community,” said Merriman, founder of The Nelle. “And that’s exactly what we’ve accomplished.” …