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
Prospect KC brews coffee bar collab with Messenger inside iconic downtown KC library
A reimagined coffee shop — closed during the pandemic — returns to full strength Aug. 7 thanks to a menu of pastries, sandwiches, and salads prepared by The Prospect KC culinary students in a live-training environment, as well as drinks and coolers crafted with Messenger Coffee Co. The 1,350-square-foot coffee bar and café — dubbed…
Cookies have taken over Sweet Kiss, but this mother-daughter brigadeiro shop has even more baked inside
For Jessica Harris, a brigadeiro offers a taste of home, she said, and for almost a decade, she’s been sharing those Brazilian truffles with Kansas City. When the Sweet Kiss Brigadeiro co-founder relocated to the City of Fountains in 1996 — following her sister who moved the year before to play basketball for Penn Valley…
Catalyst Fund tops $2M invested in nonprofits boosting people of color; meet the latest grantees
The latest batch of Catalyst Fund grants — a combined $500,000 across nearly two dozen organizations — seeks to elevate the work of small nonprofits that are led by or primarily serve Black, Latino, and other people of color across the region, said Dr. DeAngela Burns-Wallace. “Looking across the list of organizations in this third…
KC’s remaining shopping malls face an economic crossroads (and starkly different futures)
Editor’s note: This story was originally published by Kansas City PBS/Flatland, a member of the Kansas City Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, The Kansas City Beacon, and Missouri Business Alert. Click here to read the original story. Country Club Plaza, Oak Park Mall, Independence Center hit with similar challenges The…