MTC is continuously accepting applications for their IDEA Fund Co-Investment Program and is reviewing and awarding investment allocations on a quarterly basis.
MTC recently announced awarding over $2M worth of equity-based investments into 8 Missouri-based high-growth potential startups.
The deadline for full consideration for the next quarterly application review cycle is 11:59 pm, Wednesday, May 17, 2023.
MTC’s IDEA Fund was developed as a state-sponsored venture capital program 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 $47M into almost 145 of the state’s most promising early-stage technology-focused companies and those companies have raised over $1.3bn in follow-on private funding.
The deadlines for full consideration for each quarterly application review cycle for 2023 are listed below, and 2024 application deadlines will be announced by Q3 of 2023.
- July 2023 Award Cycle – Application deadline of 11:59 pm, Wednesday, May 17, 2023
- October 2023 Award Cycle – Application deadline of 11:59 pm, Wednesday, August 9, 2023