New State Funding for Technology and Bioscience Companies
Missouri Technology Corporation launches four new small business programs.
Entrepreneurial technology and bioscience companies in Missouri can get a boost from four new programs recently launched by the Missouri Technology Corporation.
The Missouri TechLaunch program is designed to help high-tech entrepreneurs overcome the challenges of launching new start-ups that leverage research and talent at Missouri’s public and private universities and other research organizations.
Companies can receive up to $75,000 in pre-seed funding for intellectual property development and evaluation, including in-depth analysis of market potential, conducting competitive analysis, establishing proof of concept of a scientific discovery, prototype design and development and related activities.
The Bioscience Industrial Expansion program supports industrial expansion efforts that result in significant capital investment and high-paying jobs in targeted high-tech bioscience clusters with an emphasis on those that leverage Missouri’s rich agricultural history.
Through the Bioscience Industrial Expansion program, MTC makes investments up to $500,000 that can be used to purchase equipment, facilitate construction and hire key personnel.
MTC’s Seed Capital Co-Investment program (SeedCap) will award seed capital funds up to $150,000 that match qualified private capital investments. The seed capital may be used by the start-up company for advanced intellectual property development and evaluation, including in-depth analysis of market potential, conducting competitive analysis, advanced proof of concept work for a scientific discovery, advanced prototype design and development, research and development needed to attract venture capital financing, hiring key personnel and related activities. (more…)