State funding cut to Missouri Technology Corp. adds to uncertainty for startups

Image for article State funding cut to Missouri Technology Corp. adds to uncertainty for startups
News Source : STLtoday.com

News Summary

  • Missouri Technology Corp., a state-sponsored entity, is curtailing some of its programs.
  • The Legislature withheld all of its funding for the current fiscal year.
  • The $8.5 million cut has thrown a wrench into the MTC’s strategic plan.
  • In the past decade, MTC has invested more than $50 million in 160 companies, which in turn have raised another $2.1 billion and created 8,000 jobs, according to their most recent annual report.
ST. LOUIS The Missouri Technology Corp., a statesponsored entity that invests in earlystage companies and supports entrepreneur programs, is curtailing some of its programs after the Legislature wi [+7743 chars]

Must read Articles