Funding for Fast Growth
Funding a tech-based or fast-growth company often takes a different path than financing a conventional company. Larry Lee of the Northwest Center for Innovation and Entrepreneurship offers thoughts on how to value a startup.
Fast-growth and technology companies can find funding from several sources.
Federal Grant Programs that Encourage Innovation
- The SBIR Program provides early-stage R&D funding directly to small technology companies or individual entrepreneurs who form a company.
- The STTR Program provides early-stage R&D funding directly to small companies working cooperatively with researchers at universities and other research institutions.
Traditional commercial lenders will support growing companies. In addition, there are special loan programs available across Missouri for special needs.
In addition to loans, fast-growth companies can be funded through equity investments. Equity financing requires at least some of the control of the business is turned over to the equity investor. Generally a full business plan is required.
Find out more about Missouri's resources for equity funding: