MTC-backed Startups Go On To Raise 5x More In Additional Funding Than Other Missouri-based Startups
We know it’s important to make careful investments with public dollars. Fortunately, our state has a proven model for success and return on investment in the Missouri Technology Corporation.
In a study completed by KCSourceLink and the Ewing Marion Kauffman Foundation, they found that companies funded by the Missouri Technology Corporation went on to raise five times more in additional funding than companies that applied to MTC but were not funded through the program.
And why is raising money so important? Aside from helping startups grow, the amount of venture capital raised by companies is an important indicator of the economic vitality of the communities in which those businesses are located. So if we want Missouri startups to thrive and we want Missouri to have a strong sense of economic vitality, it’s critical that startups have access to capital and support from MTC.
When our state’s policy makers are making hard decisions about public investments, it’s easy to see why funding the Missouri Technology Corporation makes good business sense for our state.