Business leaders from the St. Louis area took steps this week to make a statewide startup investment fund in Missouri a reality.
St. Louis Regional Chamber of Commerce officials have been in Jefferson City to lobby for the professionally managed fund, first proposed last summer by an innovation task force appointed by Gov. Eric Greitens. The fund would represent the next generation of the Missouri Technology Corporation.
“We made a lot of advances in the last couple years,” Andrew Smith, the Chamber’s vice president of entrepreneurship and innovation, said. “We want to get this going so we don’t lose momentum.”
Ideally, the investment would be made up of public and private money. The public funds could come about one of two ways: either through bond financing or the general budget.
Smith believes that bond financing would be the logical, achievable approach to getting the startup investment fund working.
Read more: The Missouri Times