1. Welcome to the Proof of Concept Application

The IDEA Fund is Missouri Technology Corporation's state-sponsored venture capital program that invests in Missouri’s most promising emerging companies to promote growth and additional future investment.

The Proof-of-Concept program is a pilot to offer early-stage companies with equity-based investments to prove their concept, develop and launch minimum viable products (MVPs). Applicants need to be early-stage technology or innovation-based companies with high growth potential, and the program requires matching private funds or non-dilutive grants to ensure state and federal funds are invested in the most attractive opportunities. Applicants may apply for $25,000 - $50,000 investments from MTC through this program.

Before you start your application, MTC recommends companies use the PDF copy of the Proof of Concept Application posted on MTC's website to prepare answers to the application questions in advance, and then copy and paste them into Survey Monkey when the company is ready to submit its application. Please pay close attention to the suggested answer limits. MTC expects for applicants to not exceed 32,750 total characters per submission.



  • October 2024 Award Cycle Deadline: 11:59 pm, August 7, 2024 (CLOSED)
  • January 2025 Award Cycle Deadline: 11:59 pm, November 5, 2024
  • April 2025 Award Cycle Deadline: 11:59 pm, February 4, 2024

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* 1. Legal Company Name:

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* 2. Doing Business As (if applicable):

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* 3. Company's Website

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* 4. What is the company's Area of Focus?

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* 5. Company Headquarters Address

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* 6. Is the primary contact submitting the application a company founder or member of the management team?

MTC will only consider applications for funding submitted by the company or members of its management team presenting the investment opportunity. Applications submitted by advisors, entrepreneur support organizations, or third parties engaged to raise capital on behalf of the company will not be considered for funding.

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* 7. Company's Primary Contact

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* 8. Company's Signing Authority

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* 9. Is the company headquartered in Missouri?

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* 10. What Missouri Region is your company located?

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* 11. What is the company's legal structure?

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* 12. What is the company's state of organization/formation?

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* 13. Year company was founded (4-digit)

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* 14. Federal Employer Identification Number (FEIN)

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* 15. Missouri Tax Identification Number (MITS)

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* 16. Has your company applied for the IDEA Fund Program in the past 12 months?

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