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
Scout charts pre-seed funding from Midwest investors at KCRise Fund, eGrowth Ventures
The just-announced pre-seed round for an emerging innovator in veterinary medicine software is expected to help the Kansas City-built startup deepen its product capabilities, further strengthen its core technology, and strategically grow its team to meet rising demand. “Closing this round gives us the resources and momentum to execute on our mission,” said Dr. Gonzalo…
Keystone launching corporate engagement accelerator to boost low-friction startup collabs
Kansas City’s entrepreneurial ecosystem gets its fair share of positive press thanks to a decade of momentum, Kevin McGinnis noted, but the region’s ability to scale innovative ideas to their potential remains stalled because corporations and startups lack an easy on-ramp for collaboration. “We have been listening for years to the ecosystem, to the community,…
Just funded: AltCap Your Biz cycles trio of winners from KC’s diverse hospitality scene
Persistence pays off, said Ruben Alonso, celebrating a decade of the AltCap Your Biz Pitch Competition and its role as an energy boost for Kansas City small businesses. The latest winning founders walked away with $60,000 in checks Wednesday at Union Station. Two of this year’s top three winners were returning finalists, the AltCap CEO…
Innovation check(s): Angels scout potential KC investments at NXTUS nano-pitch event
A startup showcase Tuesday in the heart of Johnson County’s innovation community put impact on display as NXTUS’ Accelerate Venture Partners organized a nano-pitch event for its network of angel investors amid Global Entrepreneurship Week-Kansas City festivities. The Wichita-based entrepreneurial support organization — which has mobilized over $8.5 million for entrepreneurs in the Heartland since…