The Missouri Technology Corporation approved 10 Missouri companies for $2.6 million in early-stage co-investment awards, part of an effort by the state to support startup growth and spur job creation.
The Missouri Technology Corporation, or MTC, received applications from 38 companies for the latest round of investment from its IDEA Fund, according to a press release from the Missouri Department of Economic Development.
Nine of the companies are from the St. Louis area, and one is from Kansas City.
The companies are:
- AirZaar, Inc. (Wildwood) – $75,000
- Olio City, Inc. (St. Louis) – $50,000
- SquareOffs LLC (Kansas City) – $225,000
- NexMatix LLC (Brentwood) – $150,000
- TopOPPS Inc. (St. Louis) – $250,000
- Bacterioscan Inc. (St. Louis) – $275,000
- Recursive Labs, Inc. (Chesterfield) – $250,000
- AppBase, Inc. (St. Louis) – $150,000
- Better Weekdays, Inc. (St. Louis) – $250,000
- Benson Hill Biosystems (St. Louis) – $925,000
“This early-stage support allows startups to gain some traction in their capital raising efforts,” said Bill Anderson, executive director of MTC. “It’s another way for these young companies to demonstrate validation of their concept to potential investors and for the state to solidify its reputation as being a growing innovation hub. We are proud to support these growing companies and spur entrepreneurism and job creation throughout the state with these co-investments.”