Startup Newsletter April 2018

Missouri Innovation Fund Brings Potential Funding Opportunities for Startups

It’s no secret that funding is one of the most common challenges among local startup companies. After last year’s Missouri Technology Corporation (MTC) funding cuts, relief may be in sight with a new financial support option being proposed. The Missouri Innovation Fund is a state-operated venture capital fund framework recommended by Governor Greitens’ Innovation Task Force under Senate Bill 1037.

What’s different about the Missouri Innovation Fund?
The Missouri Innovation Fund is designed to attract private investors instead of relying on the state’s budget. Money would flow through the MTC and be managed by private fund managers. This would allow investment dollars to be committed for a longer time period without being subject to legislative appropriations.

Read more about the Missouri Innovation Fund and if your startup would qualify.