Missouri Building Entrepreneurial Capacity
Fiscal Year 2022 MOBEC Grant Program Timeline:
- Application Period Open - Tuesday, September 21, 2021
- Final Submission Deadline - Tuesday, November 16, 2021 at 11:59 p.m.
- Presentation to Investment Committee - early to mid-January 2022
- Approval by MTC Board of Directors - late January of 2022
Fiscal Year 2021 MOBEC Grant Program Awardees
Full Press Release
About the MOBEC Grant Program
To create more home-grown, high-tech companies, Missouri must support entrepreneurs and foster innovation. It is for this reason that the Missouri Building Entrepreneurial Capacity program (MOBEC) is a cornerstone of MTC’s investment strategy. Through the MOBEC grant program, MTC makes strategic investments that expand the support system for entrepreneurs that are commercializing new technologies or that enhance the capacity of Missouri to grow its innovation economy.
The MOBEC program seeks to achieve the following goals in Missouri:
- Enhance the capacity of non-profit organizations that support entrepreneurs who are commercializing new technologies around which high-growth companies can be created;
- Enhance the capacity of Missouri research institutions to attract competitive federal and private research funding and centers;
- Enhance research and commercialization efforts in the targeted high-tech industry clusters of animal health, plant science, biomedical science, applied engineering and defense and homeland security; and
- Create sustainable high-paying, private sector jobs.
- Public or private non-profit Missouri research institutions, including institutions of higher education
- Non-profit entrepreneurial support or related organizations
Eligible Project Types
Applicants may submit proposals for the following eligible project types:
- Access to Capital
- Entrepreneurial Mentoring/Networking
- Entrepreneurial Training/Education
- Commercialization Assistance
- Technology Workforce Development Initiatives
- Research Centers of Excellence
- Physical Infrastructure/Capital Project to Support Entrepreneurial/Research Activities
Term of the Program and Budget Restrictions
Grant proposals may not exceed two (2) years in length from the date of award. Additionally, the request for financial support should be specifically and narrowly tailored to the plan outlined in the application submitted to MTC. Individual grant awards will not exceed $250,000. Accordingly, it is not expected that each Applicant will request the maximum amount of funds that may be awarded.
Applicants must have an actual, conditional, or anticipated third-party cost-sharing commitment to match the requested MTC grant funding. Additional consideration will be given to meeting the cost-sharing requirement through a contribution of in-kind cost-support on a limited basis.
Any proposed project budget requesting reimbursement for indirect costs must limit their indirect cost recovery allocation to no more than 5% of the total amount of funding requested. An indirect cost is a cost that is incurred for common or joint objectives and therefore cannot be identified readily and specifically with a particular sponsored project.
Grant Proposals submitted by eligible Applicant Organizations will be evaluated based upon the five criteria outlined below:
- Capacity-Building Strategy: An assessment of the relative strength of the Applicant Organization's proposed project, including the submitted proposal, overarching capacity-building goals, structural improvement to an entrepreneurial ecosystem, and articulation of critical milestones. The assigned score will reflect the capacity-building strategy's feasibility and clarity, including the underlying logical and factual support.
- Applicant Experience: An assessment of the relative strength of the Applicant Organization's experience and prior success, including the management team, advisors, collaborators, and mentors committed to the project. The assigned score will reflect the strength of the team's experience and ability to develop, implement, and manage the project to achieve the desired outcomes.
- Economic Impact: An assessment of the relative strength of the Applicant Organization's proposed economic impact in Missouri, including developing investment-grade start-up businesses, increasing research investment, increasing capital investment, strengthening one or more of MTC's targeted high-tech clusters, and creating high-paying private-sector jobs. The assigned score will reflect the economic impact relative to the region in which it is located, the likelihood of the Applicant Organization to achieve the projected economic impact within the context of the submitted proposal, and the clarity of and logical and factual support underlying the methodology used to project the economic impact.
- Finance Plan: An assessment of the relative strength of the Applicant Organization's finance plan. The assigned score will reflect the level of the matching funds presented relative to the MTC funds requested, status of the matching funds, use of funds, appropriateness of the project budget relative to the milestones activities outlined in the proposal, and the clarity of and logical and factual support underlying its future finance plan.
- Sustainability: An assessment of the relative strength of the Applicant Organization's plan to sustain the project. The assigned score will reflect the viability of the plans to finance the project in the future or to otherwise sustain the structural entrepreneurial ecosystem change when the project has exhausted MTC and leveraged funds set forth in the project budget, including the underlying logical and factual support for such sustainability plan.