MTC Accepting Applications for IDEA Fund Co-Investment Programs

Lyndsey ParkerBlog, Business Development, Business Growth, Grants, Funding, Support

MTC is now accepting applications for their IDEA Fund Co-Investment Programs.

For the next 8 years, the majority of MTC’s IDEA Fund investments will be funded through the $95M in federal funding from State Small Business Credit Initiative Program (SSBCI) that was allocated to Missouri.

Missouri receives $95 million through State Small Business Credit Initiative to support small business growth statewide.

– Missouri Department of Economic Development

MTC’s IDEA Fund Co-Investment program was developed to support Missouri’s early-stage entrepreneurs in developing technologies and creating jobs across Missouri while positioning companies for future venture capital investment. The IDEA Fund supports technology startups through matching equity or convertible debt investments for the purpose of technology and business development.

To date, MTC has made direct investments of over $45M into almost 140 of the state’s most promising early-stage technology-focused companies and those companies have raised over $1.1bn in follow-on private funding.

In light of the approval of MTC’s IDEA Fund by the Department of Treasury to deploy the SSBCI program funding, MTC will continuously accept new applications for our IDEA Fund program and will review and award investment allocations on a quarterly basis. The deadlines for full consideration for each quarterly application review cycle for 2023 are listed below.

  • January 2023 Award Cycle – Application deadline of 11:59 pm, Wednesday, November 30, 2022
  • April 2023 Award Cycle – Application deadline of 11:59 pm, Wednesday, February 8, 2023
  • July 2023 Award Cycle – Application deadline of 11:59 pm, Wednesday, April 12, 2023
  • October 2023 Award Cycle – Application deadline of 11:59 pm, Wednesday, June 28, 2023

About Missouri Technology Corporation

The Missouri Technology Corporation (MTC) is a public-private partnership created to promote entrepreneurship and foster the growth of new and emerging high-tech companies. MTC’s vision is to transform Missouri through the power of entrepreneurship by serving as a catalyst for technology-based innovation. MTC helps achieve sustainable economic growth through leadership and strategic investments that help entrepreneurs create and grow technology businesses in Missouri.

To learn more about MTC, visit missouritechnology.com.