Deadlines approach for $100K, $500K co-investment opportunities for MO startups
October 12, 2017 | Meghan LeVota
It’s easy to form an idea. It’s more difficult to take it to market.
The Missouri Tech Corporation’s IDEA Funds seek to facilitate the commercialization process for high-tech Missouri technologies, via a variety of co-investment opportunities.
The IDEA Funds divide financing into four components that correspond to four stages of growth for entrepreneurs, from pre-investment to high-growth enterprises. For the Missouri TechLaunch and Seed Capital Co-Investment Program, applications are now open, with a Nov. 15 deadline.
The Venture Capital Co-Investment Program and the High-Tech Industrial Expansion Program are not taking applications in November.
MTC’s future is uncertain. The agency’s budget was cut substantially from nearly $23 million in 2017 to $3.4 million in spending authority for 2018.
More recently, Missouri Gov. Eric Greitens’ office released a report suggesting MTC existing programming be replaced with a privately-managed innovation fund.
Here’s more about the funding opportunities:
MTC will award pre-seed funding — no more than $100,000 per individual award — to Missouri startups that are committed to a discovery in one of the following high-tech industry clusters: animal health, plant science, biomedical science, applied engineering, or defense and homeland security.
Startups must have less than 500 employees and will be evaluated on their market potential, proof of concept and intellectual property development. Applicants must also be in partnership with a Missouri research university or inst ution, or be willing to establish one. For more information about the opportunity, click here.
Seed Capital Co-Investment Program
High-tech startups that have succeeded in proving concept, but need access to seed capital might be eligible for the Seed Capital Co-Investment program.
With a maximum funding amount of $500,000 per individual, this grant is designed to accelerate private investment in Missouri companies who are looking to conduct competitive analysis, advanced prototype design and other advancements of intellectual property development.
Eligible applicants must have a committed leadership team, a third-party investment commitment and a viable plan. To apply, click here.
Featured Business
2017 Startups to Watch
stats here
Related Posts on Startland News
Startland goes to Ireland with the Pipeline fellowship
This week, Startland News is traveling to Ireland with the Pipeline entrepreneurial fellowship program. Startland News editor-in-chief Bobby Burch is with the group as it hosts its finance module — in Belfast, Northern Ireland, and Dublin, Ireland — and celebrates its 10-year anniversary. Check out the video below for more information on the trip!
Meet Techweek Kansas City’s 2016 LaunchKC winners
After a morning evaluating 20 pitches at Union Station, a panel of LaunchKC judges revealed the 10 startups that each snagged a $50,000 grant. LaunchKC — which distributes $500,000 via 10, $50,000 non-dilutive grants — drew more than 400 tech startup applicants for the second year in a row. The 20 finalists included 11 from…
KCUR and Startland chat Techweek, Kansas City entrepreneurship
Startland News editor-in-chief Bobby Burch hopped on KCUR’s Central Standard to discuss Techweek Kansas City and challenges facing area startups. Listen to the conversation below. Special thanks to KCUR for sharing its content!
Photo gallery: Techweek’s LaunchKC Top 100 Expo
Hundreds of Techweek Kansas City attendees converged on Union Station Thursday afternoon to explore dozens of startups part of the LaunchKC grants contest. Now in its second year, the popular grants competition LaunchKC was again met with an enthusiastic response by applicants in 2016, drawing more than 400 applicants. The competition — which will distribute $500,000 via 10, $50,000 non-dilutive…