How does Missouri support QSBS startup innovation and economic development?

The state of Missouri founded the Missouri Technology Corporation (“MTC”), a state Venture Program, in 2005 as a vehicle to provide capital, resources, and partnerships to entrepreneur innovation in the state of Missouri, fostering long-term economic growth and development. MTC has deployed over $27M in funding through its IDEA funds to 140 startups throughout the state who have received ~$800M in additional funding and created over 1.5k jobs. MTC also supports 9 innovation centers throughout the state and various grant programs.

Within the state of Missouri, there are 28 venture capital and accelerator funds focused on early-stage startups. One of the most well-known venture capital funds is Cultivation Capital, which has a fund solely focused on Midwest Seed Stage startups. The moSourceLink website has a page with a list of resources for various types of funding opportunities available to entrepreneurs in Missouri. The Missouri Department of Economic Development also has a page for various innovation centers and influencers within Missouri’s startup ecosystem.

This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.

About Brett Calhoun

Brett Calhoun is a licensed CPA/ABV and holds an MBA from the University of Missouri. Mr. Calhoun has experience as an operator with startups, venture capital experience, and experience advising growth to mature companies’ management on financial reporting, tax, and valuation issues.