Growing Technology-Based Businesses in Missouri

The nature of being a public-private partnership has unique advantages that allow MTC to serve our mission of growing technology-based businesses in Missouri. Specifically, in many cases, MTC is more flexible and can work faster than our state agency counterparts. Additionally, our structure and close ties to the state allow us to work more seamlessly with state and federal agencies, and MTC is well suited for deploying state and federal funding compared to other non-profits and private companies.

In 2019, the National Geospatial-Intelligence Agency (NGA) and MTC entered into a Partnership Intermediary Agreement (PIA), the first PIA ever executed by the NGA. The initial project under the PIA was the formation of an NGA-sponsored accelerator, the first of its kind sponsored by a U.S. intelligence agency, allowing the NGA to engage with the greater St. Louis region and beyond to develop innovations in geospatial technology through collaboration and a transfer of technology. Three cohorts consisting of 24 total companies participated in the 13-week accelerator program operated by Capital Innovators.

The FY2023 Missouri state budget included a $15 million appropriation for MTC to establish a grant program dedicated to creating infrastructure for industries that are fundamental to the national security of the United States specifically where the manufacturing of essential products has become reliant on the production outside of the United States. Ensuring the state is not only competitive but is a leader in Advanced Manufacturing has been a priority for many of the State’s elected officials and MTC was excited and honored to be selected to develop and deploy a new grant program to support the growth and innovation within the industry.

For more information, please visit the following links:
• After Two Years of Operation NGA Accelerator Graduates 24 Startups
• NGA Recognized as Federal Leader in Technology Transfer