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How early-stage Missouri tech startups could score co-investment funds up to $500K

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How early-stage Missouri tech startups could score co-investment funds up to $500K

Photo: backstitch team, January 2020. Article by Startland News Staff

One of Kansas City startups’ biggest boosters is still in business, despite its imperiled state funding amid ongoing COVID-era budget decision-making.

The Missouri Technology Corporation announced this week it’s accepting applications for two IDEA Fund co-investment programs — TechLaunch and Seed Capital — that have historic impacts on local founders.

“MTC’s co-investment programs were developed to support Missouri’s early-stage entrepreneurs in developing technologies and create jobs across Missouri while positioning companies for future venture capital investment,” Jack Scatizzi, executive director of MTC. “The IDEA Fund programs support technology startups through matching equity or convertible debt investments for the purpose of technology and business development.”

The fund offers investments up to $500,000. […]

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