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
Pipeline, NXTUS drive exposure for entrepreneur’s on-demand fuel delivery startup
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…
Tesseract taps into KC’s sticky innovation culture with homegrown partnership to build IoT tools
A new partnership between a leading robotics creator and one of its fellow Kansas City tech innovators showcases the founder’s longstanding commitment to harnessing the region’s potential as a collaboration powerhouse. “When I moved back to Kansas City to start Tesseract, I made up my mind to lead by example and attempt to build close…
A weakness today can be KC’s superpower tomorrow: Call for corporate engagement begins with CEOs
Editor’s note: The following story was sponsored by KC Rising, a regional initiative to help Kansas City grow faster and more intentionally, as part of a campaign to promote its CEO-to-CEO Challenge on supplier diversity. Successful entrepreneurial ecosystems require a certain level of corporate engagement — and even stewardship — said Neal Sharma, noting the…
‘Supplier diversity is deceptively difficult’: How to boost diverse small businesses without tokenizing them
Editor’s note: The following story was sponsored by KC Rising, a regional initiative to help Kansas City grow faster and more intentionally, as part of a campaign to promote its CEO-to-CEO Challenge on supplier diversity. Successful efforts to promote increased, consistent spending with more diverse small businesses must start with C-Suite buy-in, Christine Kelly said,…