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
‘Perfect for new mRNA vaccines’: Olathe startup targets biotech toward precision delivery
A sudden, then lingering, global pandemic put a spotlight on vaccine technology — with an Olathe startup now positioning itself at the leading edge of both pharmaceutical and vaccine applications for humans and their four-legged counterparts. “We manufacture and develop peptide delivery systems to help deliver drugs and vaccines safer and more effectively,” said Steve…
KC Digital Drive awards $20K in digital literacy micro-grants; aims to boost digital inclusion
KC Digital Drive announced today its first cohort of micro-grant recipients for “KC Goes Tech,” a new program that helps community organizations teach digital skills, such as how to use email and stay safe online, and it connects participants to funding for home internet and a computer they can take home after completing 15 hours…
Column raises $30M with a mission to make public information systems more valuable
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. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. MANHATTAN,…
Gardner swag startup bags $150K from Minnesota-based accelerator for bootstrappers
PromoPulse, a Kansas software company that enables promotional product businesses to grow their sales and simplify marketing, announced today it raised $150,000 from the TinySeed accelerator program. The funding and TinySeed’s collaborative network will fuel PromoPulse’s mission to amplify the sales and marketing of businesses that sell swag — also known as the promotional products…