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
Open Belly podcast puts voices of immigrant chefs on the menu
Immigrant entrepreneurs have been quietly advancing Kansas City’s food scene for decades, said Danielle Lehman. “When I started hearing the stories of the chefs, I just felt like they were so compelling, and that food is really what connects us,” said Lehman, host of the “Open Belly” podcast and founder of marketing consultancy firm Boxer…
Professional AF: Diana Kander explores ‘a whole world of content that’s never been touched’
Diana Kander is curious about the world faced by professional women, she said — how female do-ers and leaders uniquely experience life and career building. That curiosity forms a through line for her new podcast interview series, “Professional AF.” “Every episode is about something I want to fix and a lot of them are like…
LEANLAB Education earns $200K grant from Chan Zuckerberg Initiative for public schools research
A $200,000 grant to LEANLAB Education from Mark Zuckerberg’s philanthropic arm will mark the Facebook founder’s first investment in the Kansas City education scene. “We are committed to growing partnerships throughout the country,” said Katie Boody, LEANLAB CEO. “And with the support of [The Chan Zuckerberg Initiative] we aspire to write the playbook for how…
Butterflies and brain waves: KC-area’s Healium floating with WEBBY nomination
A year of traction continues for Columbia-inflated startup Healium by StoryUP. The virtual reality solution for situational stress and anxiety recently landed a WEBBY nomination for best use of augmented reality, revealed Sarah Hill, the company’s founder. “A WEBBY nomination for a small midwest company like ours is a big deal,” Hill said of the…