Missouri Technology Corporation awards $1 million in grant funding to support
startups and entrepreneurs
Jefferson City, Mo.— Missouri Technology Corporation (MTC) announced today it will award over $1 million in infrastructure-focused grant funding to help build support for startups and entrepreneurship throughout Missouri through the Missouri Building Entrepreneurial Capacity Program (MOBEC).
“We are excited to support these startups and entrepreneurs,” said Governor Mike Parson. “Missouri’s innovators are a key part of strengthening our economy and ensuring their success creates an even brighter future for Missouri’s citizens.”
The MOBEC Program provides funding to expand the capacity of non-profit organizations supporting entrepreneurs, as well as research institutions looking to attract competitive funding. The program is used to enhance research and development in targeted high-tech industry clusters and to help create jobs through entrepreneurship and innovation.
“Through the MOBEC program, we are supporting our startups and entrepreneurs and fostering innovation,” Jack Scatizzi, MTC Executive Director said. “Improving our infrastructure for startups will make Missouri an even better place to start and grow a business.”
To date, through MOBEC and other grant programs, MTC has partnered with over 60 entrepreneurial support organizations in communities across the state and awarded almost $27 million in entrepreneurial-focused infrastructure grants that have served thousands of small businesses.
“This program helps our state create an environment where entrepreneurs and startups can thrive,” Director of the Missouri Department of Economic Development Rob Dixon said. “These innovators are the future of Missouri’s economy and we’re happy to support their continued growth.”
In addition to serving as a statewide connector for Missouri’s innovation community, MTC makes strategic, direct investments to promote entrepreneurship and foster innovation in Missouri. Over the past decade, MTC has invested just under $44 million into over 135 early-stage Missouri-based high growth technology-focused companies, which have raised over $1 billion in additional private capital.
To view the full list of recipients, click here.
About Missouri Technology Corporation
The Missouri Technology Corporation 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 to achieve sustainable economic growth and its mission is to provide leadership and make strategic investments that help entrepreneurs create and grow technology-based Missouri businesses. To learn more, visit our website.
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