Missouri Technology Corporation achieves $50 million investment milestone through state-sponsored venture capital program

Published:
April 30, 2024
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JEFFERSON CITY, Mo. — Missouri Technology Corporation (MTC)’s Innovation, Development, and Entrepreneurial Advancement (IDEA) Fund has reached the significant milestone of surpassing $50 million in equity-based investments into nearly 160 Missouri-based technology startups. This achievement highlights MTC’s commitment to driving economic development and supporting technology-driven entrepreneurial endeavors in Missouri.

“The impact of MTC’s $50 million of equity investments cannot be overstated,” said Jack Scatizzi, Executive Director of MTC. “MTC’s funding for early-stage startups is not only aiding in their growth but also attracting more risk capital, boosting Missouri’s venture capital capacity. These strategic investments have played a pivotal role in catalyzing innovation, bridging key gaps within the state’s ecosystem, and fueling the growth and scalability of early-stage businesses.”

For more information about the IDEA Fund and its programs, visit missouritechnology.com/venture-capital-investments/.

About Missouri Technology Corporation
The Missouri Technology Corporation (MTC) is a public-private partnership created to foster innovation and entrepreneurship within the state of Missouri. By providing strategic investments and support to Missouri-based high-tech companies, MTC aims to drive economic growth and create a thriving ecosystem for technology-based businesses.

For more information, visit missouritechnology.com.


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