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
Why employers should hire veterans: KC entrepreneurs say combat prepared them for startup life
Effectively communicating the skills and experiences gained from military service can be a major challenge for veterans, said Zachary Oshinbanjo. Too often that disconnect contributes to unemployment or mental health struggles when a service member returns to civilian life. “Many veterans may have gone straight from high school into the military and now are looking…
How did KC land Meta, Panasonic megaprojects? Infrastructure, energy and enthusiasm, companies say
Kansas City is one of America’s most exciting and dynamic cities, said Matt Sexton, making it the ideal choice to build out a nearly 1 million-square-foot data center for Meta, the tech behemoth behind Facebook, Instagram, and WhatsApp.. “There are a lot of sites around the country that might have one or two qualities that…
Bank partners with Porter House to give out more than hugs; Meet four latest KC grant recipients
Cameron Martin understands the importance of scaling deep into the community that inspired his journey and first fed the business he built with his wife, Tameisha, he said. The co-owners of Love is Key — a waffle-centric brunch restaurant and catering concept in the former Soulcentricitea space on Troost Avenue — were awarded a $15,000…
Cannabis biz expected to grow like a weed after MO voters light recreational marijuana
Tuesday’s vote in favor of recreational marijuana in Missouri shows Kansas City’s obvious appetite for legalization, said Michael Wilson, whose cannabis startup sees a vast new market opened by the election outcome. Statewide, Missouri poll-goers this week approved the high-profile constitutional amendment with 53.1 percent of the more than 2 million votes cast. In Kansas…