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
Overland Park startup Member Jets crowdsources private flights to cut costs, save time
An Overland Park tech firm is bringing charter flights to the masses with its crowdsourcing platform that reduces the costs to fly in swanky private jets. Founded in 2015, Member Jets created a private aviation community that connects travelers to discounted private flights by aggregating available seats and travel opportunities. Now used at Kansas City’s…
Tech hub at Kansas City Public Library to accelerate entrepreneurship
The Kansas City Public Library is doing its part to promote entrepreneurship with a soon-to-be opened learning and tech hub at the downtown Central Library. The new, 2,100-square-foot space — named OneNorth Technology Center — will boast nearly four dozen computers, a dozen tablets and free access to a variety software. Among many offerings, OneNorth…
Events Preview: Lean Lab Workshop, SpiderOak Launch
There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter or curious Kansas Citian, we’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW The Lean Lab’s Innovation Workshop When: April 15 – April 16 Where: Think Big Coworking Build the Future of KC Schools.…
Report: Kansas City startups snagging more dough in 2016
Kansas City has made significant strides when it comes to improving access to early-stage capital, though its relative volume still lags other startup hubs, according to a recent report. In the first three months of 2016, Kansas City has boosted its total capital raised by about 297 percent when compared to the same time period…