More capital means more opportunities for Missouri entrepreneurs. Governor Nixon’s announcement allocating an additional $7 million to the Missouri Technology Corporation (MTC) is an exciting gain for the region’s entrepreneurs.
The capital infusion comes when bridging the capital gap for technology startups couldn’t be more important, and, I believe, it is Missouri leaders saying: “We believe in our startups.”
As part of Missouri’s Department of Economic Development, MTC incentivizes and supports the creation and growth of life science and technology-based businesses. Its investments spur some impressive private venture capital as well. The 70 companies in which MTC has invested have gone on to attract an additional $130 in venture capital.
Congratulations to our partner, Missouri Technology Corporation, and congratulations to Missouri’s startups.