Missouri Technology Corporation

Missouri Technology Corporation (MTC) is a unique public-private partnership established by the Missouri General Assembly with the core mission of fostering entrepreneurship and accelerating the growth of high-tech companies within the state. Operating as a state-backed venture capital firm, MTC plays a crucial role in developing Missouri's innovation ecosystem by providing strategic capital and support to promising startups. Its distinctive structure allows it to bridge the gap between public policy goals and private sector investment opportunities, aiming to stimulate economic development through technological advancement across various high-tech sectors.

MTC deploys capital through several key programs designed to address different stages of a company's development. One prominent initiative is the IDEA Fund, which provides non-dilutive grants to Missouri-based companies focused on developing and commercializing new technologies. These grants typically range from $10,000 to $100,000, serving as critical early-stage funding. For more mature seed and early-stage technology companies, MTC operates a Seed Capital Co-Investment Program. Under this program, MTC co-invests alongside qualified private investors, with its contribution capable of reaching up to $500,000 per company per round. A notable aspect of this program is that MTC's total investment per company across all rounds is capped at $1,000,000.

Since its inception, Missouri Technology Corporation has made a significant impact on the state's entrepreneurial landscape. The organization has strategically invested over $50 million directly into Missouri-based companies. This initial capital has proven highly effective in attracting further private sector engagement, leveraging an impressive over $1.2 billion in follow-on private investment for its portfolio companies. MTC's commitment extends to supporting a broad range of innovative ventures, having provided assistance to over 150 companies across various high-tech sectors, including advanced manufacturing, life sciences, and information technology. Their focus remains steadfast on nurturing companies that contribute to job creation and economic prosperity within Missouri.