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
Entrepreneurs pack Union Station as Chamber showcases diversity of KC’s small biz scene
Editor’s note: The Greater Kansas City Chamber of Commerce is a non-financial partner of Startland News, which serves as the media partner for the Small Business Superstars program. A diverse cross-section of Kansas City small business owners filled the Grand Hall at Union Station with energy and enthusiasm Thursday, Vicky Kulikov said, noting a significant…
KC’s own $160M ‘urban oasis’ park: Private funders greenlit to put a 5.5-acre lid over I-670
Private backers have put up critical funding needed to begin reimagining the South Loop Link — bringing the long-dreamed about project closer to reality than ever before. Civic leaders from across the region gathered Friday to announce a verbal commitment from funders and local property owners — including Lowes’ Hotel & Co. — who will finance the engineering…
Horizon event set for in-person return, amplifying region’s growth while pushing for more equity
Kansas City is on the rise — and organizers of KC Rising’s annual Horizon event want curious citizens to come see such growth for themselves. “Horizon is a diverse gathering that isn’t tied to a single organization but owned by the region. … It is a celebration of all of us,” said Meryl Dillman, program manager,…
FanThreeSixty teams with national champs, turning data into actionable plays to boost revenue, KU fan experience
Another national championship title isn’t the only banner win the University of Kansas Athletics is adding to its rafters this year. Weeks after scoring the NCAA men’s basketball title, the university has partnered with Kansas City-dunked FanThreeSixty to better connect with its fanbase in seasons to come. “By partnering with FanThreeSixty, not only will Kansas…