Applications are now being accepted for the Missouri Building Entrepreneurial Capacity grant.
Donor Name: Missouri Technology Corporation
State: Missouri
County: All Counties
Type of Grant: Grant
Deadline: 10/30/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: 3 Years
Details:
To create more home-grown, high-tech companies, Missouri must support entrepreneurs and foster innovation. It is for this reason that the Missouri Building Entrepreneurial Capacity program (MOBEC) is a cornerstone of MTC’s investment strategy. Through the MOBEC grant program, MTC makes strategic investments that expand the support system for entrepreneurs that are commercializing new technologies or that enhance the capacity of Missouri to grow its innovation economy.
Based on a data-driven analysis of the insights collected, TEConomy identified five bold and compelling strategies and 16 action items to catalyze the state’s innovation and entrepreneurship ecosystems to drive economic development over the next decade.
These strategies are:
- Strategy One: Fund – Deploy greater levels of investment capital to help meet the demands of the growing entrepreneurial base.
- Strategy Two: Grow and Scale – Increase access to quality entrepreneurial support services throughout Missouri to ensure companies are able to grow and scale.
- Strategy Three: Launch and Cultivate – Take advantage of Missouri’s research strengths by converting the intellectual assets into market opportunities.
- Strategy Four: Inspire – Encourage more Missourians to participate in innovation and entrepreneurship.
- Strategy Five: Connect – Overcome physical and cultural barriers to better connect Missouri’s communities with each other and with the world.
Goals and Objectives
In alignment with the Catalyzing Innovation Report and Implementation Plan, the MOBEC grant program seeks to enhance the capacity of non-profit organizations that support entrepreneurs who are:
- commercializing new technologies around which high-growth companies can be created; and
- creating sustainable, high-paying, private sector jobs based on the establishment or growth of new and emerging companies.
Types of Grants
- Project Grant
- Operating Grant
Funding Information
Grant proposals can be requested for organizations with a one-, two-, or three-year implementation plan. MTC will not award one-year grants over $150,000, two-year grants over $325,000, and three-year grants over $500,000.
Intended Use of Funds
Applicants may submit proposals that align with the Catalyzing Innovation Report, which includes the following categories:
- Access to Capital
- Entrepreneurial Mentoring/Networking
- Entrepreneurial Training/Education
- Commercialization Assistance.
Eligibility Criteria
The Applicant Organization must either be:
- A public or private non-profit Missouri research institution, including institutions of higher education; or
- A non-profit entrepreneurial support or related organization.
For more information, visit MTC.
