MTC has four separate funds within the IDEA Funds program. Each fund is intended to correlate to a different stage of the startup life cycle. It is suggested you reach out to MTC to discuss where you may best fit.
- TechLaunch – This is MTC's pre-seed fund. There are many indicators of a company's place on the startup life cycle spectrum, but it is typical for a company which has raised less than $250,000 of outside capital to apply to the TechLaunch program.
- Seed Capital Co-Investment Program – The seed capital program captures the companies who have raised outside funds while spending substantial time refining their product. Seed capital is needed to develop the company to the point venture capital groups will invest.
- Venture Capital Co-Investment Program** – MTC will only invest in a company through its VC program should the applicant have a venture capital group leading the investment. To be a lead-VC the investor must have domain expertise in the relevant industry and a commitment to invest multiple millions of dollars. Before applying through the VC program it is recommended you contact MTC to discuss the lead investor's qualifications.
- High Tech Industrial Expansion Program** – This low-interest debt program is intended for companies which have achieved a steady stream of revenue and are shedding their status as a startup.
**These funds are currently closed