Missouri Technology Corporation

The Missouri Technology Corporation (MTC) is a public-private partnership created by the Missouri General Assembly to promote entrepreneurship and foster the growth of new and emerging high-tech companies. MTC focuses on the life sciences and technology industries, which build on Missouri’s rich history in agriculture.

About

Missouri Technology Corporation focuses on 21st Century bioscience industries that build on Missouri’s rich history in agriculture. The Missouri IDEA (Innovation, Development, and Entrepreneurship Advancement) Funds promote the formation and growth of businesses that engage in the transfer of science and technology into job creation. The funds provide financing to eligible businesses through four components that correspond to the four stages of growth for investment-grade high growth businesses:

Pre-Seed Capital Stage Financing: This pre-seed funding is designed to help high-tech entrepreneurs overcome the principal challenges of launching new start-ups that leverage discoveries and talent at Missouri’s world-class public and private research universities and other research organizations

 

 Funding Available: The amount of requested co-investment should be specifically and narrowly tailored to the plan outlined in the application submitted to MTC, but individual awards will not exceed $100,000. Accordingly, it is not expected that each applicant will request the maximum amount of funds that may be awarded under this program. Awards will be in the form of equity or convertible debt.

 

  1. To create more home-grown, high-tech companies, Missouri must support entrepreneurs and foster innovation.? It is for this reason that the Missouri Building Entrepreneurial Capacity program (MOBEC) is a cornerstone of MTC’s investment strategy.? Through the MOBEC grant program, MTC makes strategic investments that expand the support system for entrepreneurs that are commercializing new technologies or that enhance the capacity of Missouri to grow its innovation economy. applicant will request the maximum amount of funds that may be awarded under this program. Awards will be in the form of equity or convertible debt.

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  1. Venture Capital Stage Financing: The Venture Capital Co-Investment Fund is designed to accelerate private investment in Missouri-based start-up companies and to increase the overall investment impact.

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  3.  Funding Available: The amount of requested co-investment should be specifically and narrowly tailored to the plan outlined in the application submitted to MTC, but individual awards will not exceed $2,500,000. Accordingly, it is not expected that each applicant will request the maximum amount of funds that may be awarded under this program. Awards will be in the form of equity or convertible debt.

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  1. Expansion-Stage Debt: The High-Tech Industrial Expansion Fund supports industrial expansion efforts in Missouri that result in significant capital investment and high-paying jobs in its targeted biotech and high-tech clusters with an emphasis on those that leverage Missouri’s rich agricultural history.

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  3.  Funding Available: The request for financial support should be specifically and narrowly tailored to the plan outlined in the application submitted to MTC, but individual awards will not exceed $3,000,000. Accordingly, it is not expected that each applicant will request the maximum amount of funds that may be awarded under this program. Awards are typically in the form of a secured low-interest loan. 

 

 

Funding decisions are made on a quarterly basis through a competitive application process. 

 

 

Services Provided

Financial Resources and Assistance

  • Loan Providers
  • Venture Capital Equity Providers

Manufacturing, High Tech, Life Sciences Development

  • Commercialization
  • High Tech Development
  • Life Sciences Development
Contact Information
Amy Steinman
Fax
(573) 526-8202