Statewide startup investment fund may become reality [View all]
JEFFERSON CITY, Mo. — A statewide startup investment fund in Missouri, first proposed last summer by an innovation task force appointed by Gov. Eric Greitens, may become reality.
St. Louis Regional Chamber of Commerce officials are in Jefferson City this week to lobby for the professionally managed fund, which would be the next generation of the Missouri Technology Corporation.
“We made a lot of advances in the last couple years,” Andrew Smith, the Chamber’s vice president of entrepreneurship and innovation, said. “We want to get this going so we don’t lose momentum.
“Moving away from the MTC, the key is to get this done quickly and not to have a gap.”
Investing in startup ventures would have the biggest economic impact with the most return — early stage investments have the biggest returns — but it does come with added risk.
Read more: https://themissouritimes.com/47419/statewide-startup-investment-fund-may-became-reality/
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