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
She’s bringing tech to urban core teens; why KCMO says Tammy Buckner needs to pay ‘fair market value’ or get out
One of KC’s leading Black women in tech leased a vacant city building for $1 and made $20K+ in improvements for her workforce development program — now the city wants to sell it, kicking WeCode KC to the curb A local nonprofit is asking for community support as the KCMO city council makes a move…
One-size-fits-all neighborhoods are a blueprint for development failure, C3KC panel says
Editor’s note: Startland News is a non-financial media sponsor of the 3CKC conference organized by the Junior League of Kansas City, Missouri. The formula for creating a vibrant neighborhood might seem simple, but replicating it between variable demographics, geographies and economies is more challenging than many planners think, said Kavya Shankar. “The strength of the…
Fintech revolution follows historical abuse of Black wealth: ‘We’re already late, but we’ve got to do something’
Editor’s note: Startland News is a media sponsor for the C3KC session “Fintech is Revolutionizing Banking.” With nearly 30 percent of Americans reported as under-banked or unbanked, leaders in the financial space need to ask themselves what steps must be taken to create a more inclusive system, said Cordell Carter II. “We often ask leaders the…
Small Business Superstars in photos: When people belong, ‘the possibilities are endless’
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 celebration Wednesday for the Chamber’s new class of Small Business Superstars came with a message for entrepreneurs of all kinds, said Vicky Kulikov. You belong. “That…