The Missouri Building Entrepreneurial Capacity grant program, administered by the Missouri Technology Corporation, is currently accepting applications aimed at fostering innovation and supporting entrepreneurs in the state. This program is designed to create more home-grown, high-tech companies by enhancing the support system for entrepreneurs who are commercializing new technologies. The grant program is a key component of the Missouri Technology Corporation's investment strategy, which seeks to drive economic development through strategic investments in the state's innovation ecosystem.
The primary purpose of the MOBEC grant program is to enhance the capacity of non-profit organizations that support entrepreneurs. The program specifically targets organizations that assist in the commercialization of new technologies and the establishment or growth of high-paying, private sector jobs. The goals align with the Catalyzing Innovation Report, which outlines strategies to improve Missouri's entrepreneurial landscape over the next decade.
Funding for the MOBEC grant ranges from $100,000 to $500,000, with a grant duration of up to three years. Organizations can apply for project grants or operating grants, with specific funding limits based on the duration of the grant. One-year grants cannot exceed $150,000, two-year grants are capped at $325,000, and three-year grants may reach up to $500,000. The intended use of funds includes categories such as access to capital, entrepreneurial mentoring and networking, entrepreneurial training and education, and commercialization assistance.
Eligible applicants for the MOBEC grant program include public or private non-profit Missouri research institutions, including institutions of higher education, as well as non-profit entrepreneurial support organizations. The program prioritizes organizations that can demonstrate a commitment to supporting entrepreneurs in the commercialization of new technologies and the creation of sustainable jobs.
Submission requirements for the grant include a detailed proposal that aligns with the objectives outlined in the Catalyzing Innovation Report. Applicants will need to address specific application questions that assess their capacity to support entrepreneurs and contribute to the state's innovation economy. Evaluation criteria will focus on the potential impact of the proposed project, the organization's experience and capacity, and the alignment with the program's goals.
The application deadline for the MOBEC grant program is October 30, 2024. Interested organizations are encouraged to prepare their proposals in advance to ensure they meet the submission requirements and deadlines. For further information, applicants can contact Sheila Baker at the Missouri Technology Corporation via email or phone. This grant program represents a significant opportunity for eligible organizations to secure funding that can enhance their capacity to support Missouri's entrepreneurial ecosystem.
