Tag: IDEA Fund

MTC just awarded $2.6M in investments; three KC tech startups earn state backing

By Tommy Felts / August 6, 2024

As Advoteck works to bring its app to market later this year, an equity investment from the Missouri Technology Corporation is expected to help the Kansas City-based startup expand its reach nationwide in the fight against cyber crime. MTC on Tuesday announced $2.6 million in investments across seven Missouri companies — primarily focused on fostering…

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Jeff Rohr, SquareOffs

MTC hits $50M investment milestone through its state-sponsored venture capital program

By Tommy Felts / April 30, 2024

JEFFERSON CITY, Missouri — A Show-Me State program launched a decade ago to drive economic development in Missouri and support tech founders has surpassed $50 million in equity-based investments for nearly 160 Missouri-based technology startups. The Missouri Technology Corporation announced the milestone Tuesday, lauding its Innovation, Development, and Entrepreneurial Advancement (IDEA) Fund for impact that…

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MTC grant puts ‘cherry on top’ for KC startup closing its seed round; two more local companies earn MO funding

By Tommy Felts / February 7, 2024

A trio of Kansas City tech startups are among seven Missouri companies splitting $2.2 million in equity-based investments from the State of Missouri — a funding milestone that not only reflects momentum, but amplifies it, one grant-winning founder said. The Missouri Technology Corporation on Tuesday announced the awards from its IDEA Fund, with investments slated for…

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Fueled by $15M, MTC releases plan for boosting entrepreneurs: Here’s how KC is already seeing impact

By Tommy Felts / September 26, 2023

JEFFERSON CITY, Missouri — Increased funding for the Missouri Technology Corporation will keep core support programs healthy through 2024, as well as help expand successful pilot initiatives designed to widen economic opportunity in the Show Me State, MTC officials said Tuesday. Among the new efforts gaining extended life through the announcement of MTC’s FY 2024 strategy…

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Mike Parson, Missouri governor; Discovery Design Truck & Manufacturing, St. Peters; Photo courtesy of the Missouri Governor's Office

Missouri startup support funding gutted amid COVID; Advocates hope reversing course could fuel recovery

By Tommy Felts / July 21, 2020

It’s official: the 2021 budget for a popular public-private partnership that once infused millions into the Missouri tech and startup communities has been wholly defunded by the state as Gov. Mike Parson grapples with COVID-19’s continued economic fallout. But supporters of the Missouri Technology Corporation (MTC) hope Parson’s move — withholding all of the program’s…

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