Venture Capital Program

Ceiling: $2,000,000
Applications Due: Closed
Private
Missouri Technology Corporation

Description

The IDEA Fund program is a state-sponsored venture capital initiative that utilizes public funding (both state and federal) to drive economic development within the state. The primary focus of this program is to foster innovation and support technology-driven entrepreneurial endeavors that contribute to the state’s overall economic development growth.

MTC’s Venture Capital Program was created to accelerate private venture capital investment in Missouri-based start-up companies and to increase the overall investment impact of third-party investments. The Venture Capital Program supports technology startups through matching equity or convertible debt investments up to $2,000,000 for the purpose of scaling the business to attract additional venture capital.

Since 2010, MTC has invested over $49 million in more than 150 early-stage Missouri-based high-growth technology-focused companies. Since 2018, our portfolio companies have gone on to raise over $1.6 billion in additional private capital.

Eligibility

States
Missouri
Regions
All
Eligible Entities
Small businesses, For profit organizations other than small businesses

Funding

Program Funding
Award Ceiling
$2,000,000
Award Floor
Award Count

Timing

Posted Date
July 17, 2024
App Status
No Longer Accepting Applications
Pre-app Deadline
Application Deadline
August 07, 2024

Funder

Funding Source
Source Type
Private
Contact Name
Julia Campbell
Contact Email
Contact Phone
--

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