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
He’s bringing NFTs to Instagram; how Mark Zuckerberg’s next move could push you further into the metaverse
Editor’s note: The following story is part of Startland News’ coverage of the SXSW conference in Austin. Click here to read more stories from the 2022 trip. AUSTIN — NFTs are headed to Instagram — but the virtual assets aren’t the only thing Mark Zuckerberg has planned for humanity’s journey deep into the metaverse. “That’s…
Dreamgirl hits the start button at SXSW; why the KC band tells its peers to break out of the Midwest
Editor’s note: The following story is part of Startland News’ coverage of the SXSW conference in Austin. Click here to read more stories from the 2022 trip. AUSTIN — Dreamgirl describes itself as a family — a bit dysfunctional at times, but nonetheless family, members of the Kansas City-based band shared, laughing the morning before their…
Climate change innovation, leadership must be built at the local level, Buttigieg tells SXSW
Editor’s note: The following story is part of Startland News’ coverage of the SXSW conference in Austin. Click here to read more stories from the 2022 trip. AUSTIN — The keys to solving climate change could already be in the ignition, Pete Buttigieg said, empowering a crowd of innovation leaders to sit in the passenger…
Sit Foundry takes a stand for ‘lost art’ of upholstery amid fast furniture’s climate threat
Alex Krause Matlack is bringing what she teaches in the classroom to Kansas City’s entrepreneurial ecosystem as she pursues Sit Foundry — an all-inclusive reupholstery design studio. “In the first week of my Intro to Entrepreneurship class, I tell my students to go out into the world and take notice of the problems they face.…