Press Release
IDEA Fund Awards $2 Million
Investing in high-growth potential startups across Missouri
Investment Announcement
The Missouri Technology Corporation (MTC) announced today that it will invest more than $2 million in eight high-growth potential startups that are developing technologies and businesses to create high-paying jobs across Missouri. Investments will be made through MTC’s Innovation, Development, and Entrepreneurial Advancement (IDEA) Fund Co-Investment Program, and is the first distribution of federal funds from the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI) program.
Investment Highlights
Key Statistics
$2 million
Investment amount
8
Number of startups
$10 billion
Total SSBCI funding
Investee Companies
Meet the Startups
- Allumin8, LLC — Orthopedic and spine hardware
- Navigate Oncology Solutions — Oncology software solutions
- NuPeak Therapeutics, Inc. — New drugs for airway diseases
- Bryght Labs, Inc. — Consumer electronics and software
- Edison Agrosciences, Inc. — Ag/biotech company
- Solis Agrosciences, Inc. — AgTech services provider
- StoryUp, Inc. dba Healium — Digital therapeutics
- Readout, Inc. — Metabolic disorder solutions
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