UMKC Innovation Center partners with the university and the community to spark and sustain entrepreneurial efforts within our region and across the country.

KCSourceLink connects KC entrepreneurs to the right resource at the right time.

MOSourceLink connects Missouri entrepreneurs to the right resource at the right time.

Whiteboard2Boardroom connects entrepreneurs and businesses to technologies available for licensing.

Digital Sandbox KC provides early-stage proof-of-concept support for digital products.

Missouri Small Business & Technology Development Center provides technical assistance to startup and existing businesses.

ScaleUP! Kansas City helps businesses with revenues around $200K scale toward their first $1 million.

Missouri Procurement Technical Assistance Centers helps local businesses obtain government contracts.

KCInvestED helps investors learn more about investing in KC startups.

SourceLink® helps communities nationwide build vibrant and vital entrepreneurial ecosystems.
UMKC Innovation Center
UMKC Innovation Center
a polka-dot piggy bank
By David Cawthon
October 27, 2022

Tech Entrepreneurs: MTC Is Accepting Applications for Its IDEA Funds Programs

Tech entrepreneurs and innovative founders, listen up: The Missouri Technology Corporation is now accepting applications for its IDEA Fund Co-Investment Programs, which provide financing to eligible businesses through components that correspond to the stages of growth for investment-grade, high-growth enterprises:

TechLaunch Co-Investment Program is designed to help high-tech entrepreneurs overcome the principal financing challenges of launching new start-ups that leverage discoveries and talent at Missouri’s world-class public and private universities and other research organizations.

Seed Capital Co-Investment Program is designed to accelerate private investment in Missouri-based startup companies and to increase the overall investment impact.

Venture Capital Co-Investment Program is designed to accelerate private investment in Missouri-based startup companies and to increase the overall investment impact. 

MTC's Innovation, Development and Entrepreneurial Advancement Fund (IDEA) Fund Co-Investment program supports Missouri's early-stage entrepreneurs in developing technologies and creating jobs across Missouri while positioning companies for future venture capital investment. The IDEA Fund supports technology startups through matching equity or convertible debt investments for the purpose of technology and business development.

To date, MTC has made direct investments of over $45M into almost 140 of the state's most promising early-stage technology-focused companies and those companies have raised over $1.1bn in follow-on private funding.

For the next eight years, the majority of MTC’s IDEA Fund investments will be funded through the $95 million in federal funding from the State Small Business Credit Initiative Program that was allocated to Missouri.

In light of the approval of MTC’s IDEA Fund by the Department of Treasury to deploy the State Small Business Credit Initiative Program funding, MTC will continuously accept new applications for the IDEA Fund program and will review and award investment allocations on a quarterly basis.

The deadlines for full consideration for each quarterly application review cycle for 2023 are listed below:

January 2023 Award Cycle: Application deadline of 11:59 pm, Wednesday, Nov. 30, 2022

April 2023 Award Cycle: Application deadline of 11:59 pm, Wednesday, Feb. 8, 2023

July 2023 Award Cycle: Application deadline of 11:59 pm, Wednesday, April 12, 2023

October 2023 Award Cycle: Application deadline of 11:59 pm, Wednesday, June 28, 2023

 

Stay connected to KC entrepreneurship

Get entrepreneurial insights, inspiration and events delivered right to your inbox. 

How can we help you?

Our team helps grow entrepreneurship in Kansas City every day.

Connect with us!

Get insights, inspiration and events to help you start, grow and accelerate KC businesses.

Subscribe