Missouri University announces plans for accelerator fund for startups, pencilled in at $1m to $3m.
Missouri University is planning to launch a new accelerator fund to provide digital startups $50,000 through its linked incubator the Missouri Innovation Centre (MIC).
The fund is looking to encourage startups to stay within the mid-Missouri area with a source of financing, and will work closely with MIC to provide startups the space. Established in 2009 to house Missouri’s life science incubator, MIC has grown to provide incubator services for the region.
The University will be one of the investors in the fund, and it is currently looking for other private investors before launching at the end of the year. While no target has been set in stone, the fund is hoping to raise between $1m to $3m.
