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
KC startup founder pivots into pickleball haters’ biggest complaint, eliminating court noise
SLN/CR is serving the sweet sound of silence to neighbors of outdoor pickleball courts, said Eliot Arnold, a serial entrepreneur-turned avid pickleball player who’s taking a swing at the source of critics’ irritation. His Kansas City-based startup — pronounced “silencer” — offers a fabric-based noise mitigation system that uses nanotechnology to absorb nuisance noise, said…
Kansas student’s mobility tech for visually impaired users wins Congressional App Challenge
An Overland Park eighth grader’s app idea — using object detection and text-to-speech technology to help visually impaired individuals navigate their surroundings — earned him a visit to the principal’s office, then an opportunity to showcase his innovation in Washington, D.C. “I actually came across a video online, and it was about this blind woman…
Chatterbox speaks the language of reluctant learners: games featuring global cast of AI tutors
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. WICHITA — A Kansas-built language-learning app takes a gamified approach to fluency — inspired by travel and the simple joys of players feel when competing in traditional board games, said…
Hella Good lunar launch party celebrates KC’s rising Asian culture, bringing ancestors to the night market
Béty Lê Shackelford hopes Hella Good Deeds — the nonprofit sister organization of the popular Vietnamese coffee shop Cafe Cà Phê — makes members of Kansas City’s Asian community feel held and hugged, she said. “Hella Good Deeds is here; we love you; and we’re really open to collaboration,” explained the founder and executive director…