UMKC Innovation Center partners with the university and the community to spark and sustain entrepreneurial efforts within our region and across the country.

KCSourceLink connects KC entrepreneurs to the right resource at the right time.

MOSourceLink connects Missouri entrepreneurs to the right resource at the right time.

Whiteboard2Boardroom connects entrepreneurs and businesses to technologies available for licensing.

Digital Sandbox KC provides early-stage proof-of-concept support for digital products.

Missouri Small Business & Technology Development Center provides technical assistance to startup and existing businesses.

ScaleUP! Kansas City helps businesses with revenues around $200K scale toward their first $1 million.

Missouri Procurement Technical Assistance Centers helps local businesses obtain government contracts.

KCInvestED helps investors learn more about investing in KC startups.

SourceLink® helps communities nationwide build vibrant and vital entrepreneurial ecosystems.
UMKC Innovation Center
MOSourceLink | IDEA Fund Applications

Mo' Money: IDEA Fund Applications Are Open and Due Nov. 14, 2020

Good news has arrived for high-tech startups! The Missouri Technology Corporation (MTC) is back with two programs that can help secure capital for your business. 

MTC is a public-private partnership created by the Missouri General Assembly to promote entrepreneurship and foster the growth of new and emerging high-tech companies. Since one of the ways businesses grow is through funding, every year MTC awards businesses of all sizes different forms of capital to support their formation and expansion. 

Through Missouri IDEA (Innovation, Development, and Entrepreneurship Advancement) Funds, MTC has two programs and are now accepting applications for 2020.

Early-Stage Entrepreneurs: This Is Your Time to Win Capital

The first program, Missouri TechLaunch, was created  to support early-stage, Missouri entrepreneurs who are developing technologies, building businesses and creating jobs across Missouri. TechLaunch supports life science and technology startups through matching equity or convertible debt investments up to $100,000 for the purpose of technology and business development. 

The second program, Missouri SEED Capital Co-Investment, was created to support early-stage, Missouri entrepreneurs developing technologies, creating jobs across Missouri and position companies for venture capital investment. The SEED fund supports technology startups through matching equity or convertible debt investments up to $500,000 for the purpose of technology and business development. 

Prereqs to Win Some Coin

To qualify for either program, you must:

  1. Be based in Missouri

  2. Have a proprietary or protectable intellectual property

  3. Be in the seed financing stage

  4. Have, at the time of closing, an actual third party dollar-for-dollar matching investment for MTC funds

  5. Fit into at least one of MTC’s five focus areas – animal health, plant science, biomedical science, applied engineering (software), and defense and homeland security

  6. Complete the application process

The application for IDEA Fund applications is Nov.14, 2020. A quick reminder: if your application is chosen to proceed, you will be pitching your business to the MTC Investment Committee. Fine tune your application, brush up on your pitching skills and best of luck! 

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