Calling all Missouri-based startups! Missouri Technology Corporation (MTC) announced that they are seeking entrepreneurs to apply for its Idea Fund Co-Investment Program. According to MTC Executive Director, Jack Scatizzi, the group intends to distribute “$2M in funding for investment in the most promising Missouri-based early-stage technology companies for the fiscal year.”
MTC is a group created by the Missouri General Assembly to help entrepreneurs and small business owners of Missouri attain funding. The group has invested $44 million into over 135 early-stage Missouri-based technology-focused organizations. Their mission is to provide leadership and funding that will help create and grow Missouri tech companies.
In 2020, MTC surveyed over 70 companies within its portfolio in an effort to gauge the economic development impact the companies have had in the state. Of the companies they surveyed, 71% had generated revenue. The survey showed that MTC is living up to their mission and making an impact in the Missouri economy. The majority of MTC’s portfolio have at least 50% of their workforce stationed in Missouri. MTCs portfolio of investments has generated $11 million in revenue that they reinvest in the community, proving that their strategy and support works.
Stock Legal is an avid supporter of growth in the region, which is why we love bringing our entrepreneur clients together with MTC. We thrive off of guiding entrepreneurs through funding and beyond. In fact, many Stock Legal clients have received grants from the MTC programs.
If your startup is looking for funding, apply for one of the programs here by February 7th 2022. If you’re interested in learning more about MTC or the legal implications of receiving funding reach out to our team today!