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
Give yourself permission to pause the hustle; injury prompts serial entrepreneur to get grounded
Trauma from a brain injury after an auto accident last fall left Joy Broils downshifting her Type A personality and ambitious drive to a few hours of work each day, the entrepreneur said. The incident, however, prompted her to slow down and focus on a new startup idea: Hustle & Ground, a monthly subscription box…
Go Topeka launches ‘Kansas Innovation Dealroom’ to track startup ecosystem growth
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. WICHITA…
Kauffman CEO retiring this fall: New leader must support ‘entrepreneur-focused economic development’
President and CEO of the Ewing Marion Kauffman Foundation Wendy Guillies announced that she will be retiring this fall after 22 years with the nonprofit. “Like many people over the past extraordinary few years, I’ve reflected on my professional and personal priorities. What won’t change is my drive to engage in work that makes our…
Its menu simmers with just five dishes; How Thaiger’s bowl’d flavors roll in complex family recipes
When someone orders the spicy pho or crispy pork belly bowl at Thaiger, they soon receive it just as Adison Sichampanakhone and his family make it at home, he shared. “If you were to come to one of our barbecues or cookouts, you would see it’s the same preparation, same sauce as we do here…