IDEA Fund

MTC Awards $2.2 Million in the January 2024 Investment Cycle

In January 2024, a total of $2.2 million was approved for equity-based investments in the following companies: Azome Therapeutics Inc is an early-stage drug discovery company focused on developing selective antagonists of the NLRP3 inflammasome, an inflammatory pathway critical to the development of a wide variety of diseases. Backstitch, Inc....

MTC Awards $2.4 Million in the October 2023 Investment Cycle

During the October 2023 Board of Directors meeting, $2.4 million was approved for equity-based investments in the following companies: Æsir Technologies is on a mission to provide Nickel-Zinc (NiZn) batteries and Energy Storage Solutions (ESS) to aerospace, defense, and commercial customers needing power for critical infrastructure such as data centers...

Missouri Technology Corporation Awards $2.3 Million Worth of IDEA Fund Investments

The Missouri Technology Corporation (MTC) will invest more than $2.3 million in seven Missouri-based high-growth potential startups. The investments will be made through MTC’s Innovation, Development, and Entrepreneurial Advancement (IDEA) Fund Co-Investment Program, and will be funded through the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI) program. MTC’s...

IDEA Fund: Missouri Technology Corporation awards $2 million of SSBCI-funded equity investments

The Missouri Technology Corporation (MTC) announced today that it will invest more than $2 million in eight high-growth potential startups that are developing technologies and businesses to create high-paying jobs across Missouri. Investments will be made through MTC’s Innovation, Development, and Entrepreneurial Advancement (IDEA) Fund Co-Investment Program, and is the first distribution...