MISSOURI TECHNOLOGY
CORPORATION
OVERVIEW FOR THE
MISSOURI SENATE
JOB CREATION 2020 COMMITTEE
Jason R. Hall
Executive Director
jason.hall@ded.mo.gov
NOVEMBER 18, 2009
Entrepreneurship in Missouri
Strategies for Economic Development
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Business Recruitment
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Business Expansion
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Entrepreneurism/New Business Formation
Entrepreneurial Success
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Entrepreneurship has been successful historically
in growing Missouri’s economy
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Anheuser-Busch
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Cerner Corporation
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H&R Block
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Leggett & Platt
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Monsanto
Seven of the ten largest companies
headquartered in Missouri were established by
individual entrepreneurs around the turn of the
century
Current State of Missouri Entrepreneurship
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Missouri lags behind other states in leading indicators of
entrepreneurship as measured by the Kauffmann Foundation
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37th Overall
44th in Economic Dynamism
49th in Entrepreneurial Activity
50th in Business Launches per Month
What does the future look like if we do not have new business
ventures in our economic development pipeline?
Sources: Parry, Mark E., “Missouri’s Need for Risk Capital: An Assessment and Recommendations”; Kauffman
Foundation, “The 2008 State New Economy Index”; and “ Kauffman Index of Entrepreneurial Activity 1996-2008”
Opportunity for Technology-Based
Entrepreneurship in Missouri
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Missouri is among the leading recipients of competitively funded
federal research
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Consistently ranks 12th in NIH grants
Recently ranked as high as 9th in federal R&D grants
Missouri is home to world-class research institutions
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Danforth Plant Science Center
Midwest Research Institute
Stowers Institute for Medical Research
University of Missouri
Washington University in St. Louis
Sources: Parry, Mark E., “Missouri’s Need for Risk Capital: An Assessment and Recommendations”; Kauffman
Foundation, “The 2008 State New Economy Index”; and “ Kauffman Index of Entrepreneurial Activity 1996-2008”
Research is the Foundation
for High-Tech Entrepreneurship
Proof of
Concept
Research
Product
Development
and
Introduction
Company
Company Maturity
Growth
Missouri
Technology Corporation
MTC Background

Authorized by the Missouri General Assembly in
1994
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Charged with leading the Missouri’s technologybased economic development efforts
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Independent 501(c)(3) corporation led by 15member board of directors
MTC Leadership

Board membership
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11 members appointed by governor (9 private sector, 2 public
sector)
President of UM System or designee
Director of Missouri Department of Economic Development
or designee
1 member of the Missouri House of Representatives
1 member of the Missouri Senate

Governor selects Chair annually
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Governor nominates and Board selects Executive
Director
Overview of MTC Programs
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Research Capacity
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Commercialization Programs
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Entrepreneurship Investment
Capital Formation
Innovation Centers
Strategic Initiatives
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Scientific Infrastructure
High-Technology Business Development
Workforce Development
Research Capacity
Research Alliance of Missouri
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MTC serves as administrator for the Research
Alliance of Missouri (RAM)
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RAM membership consists of the chief research
officer of Missouri’s 14 public and private research
universities
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Includes Danforth Plant Science Center, Stowers
Institute for Medical Research, and Midwest
Research Institute

Community interest in adding Lincoln University to
RAM
Life Sciences Research Trust Fund

MTC serves as the administrator for the Life
Sciences Research Board
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Created in 2003 (House Bill 688)
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7-member Life Sciences Research Board appointed
by the Governor (LSRB) and confirmed by the
Senate
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The mission of the Board and the Trust Fund is to
enhance research capacity in life sciences and to
transform life sciences research into commercial
opportunities
Life Sciences Research Trust Fund

Eligible research areas include:
 Animal
science
 Plant science
 Medical device
 Biomaterials and composite research
 Diagnostics
 Nanotechnology related to drug development
and delivery
 Clinical imaging
 Information technology related to human health
Commercialization Programs
Commercialization Programs
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Entrepreneurship Investment
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IT Initiative
Medical Device Innovation
Missouri Source Link
Missouri Technology Innovation Program (MOTIP)
Intellectual Property Management Fund
Capital Formation
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Ag-Biotech Recruitment Fund
Angel Investor Network Program
Collaboration and Interdisciplinary Program
Missouri Venture Partners
Innovation Centers
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10 state-funded innovation centers
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MTC charged by statute to oversee the network
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Serve as a focal point for commercialization of
university technology
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Innovation center companies include Equinosis,
Stereotaxis, Yurtopia
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Springfield innovation center landed major federal
research project to develop advanced
communications equipment for special military forces
Innovation Centers
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Original innovation centers located near Missouri’s research
institutions
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Columbia
Kansas City
Rolla
St. Louis
Additional innovation centers established since 1989
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Cape Girardeau
Joplin
Kirksville
Springfield
St. Joseph
Warrensburg
Strategic Initiatives
Strategic Relationships
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MTC facilitates partnerships to further Missouri’s
technology-based economic development goals
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University
Research Institutions
Capital Investors
Industry
Strategic Initiatives
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Scientific Infrastructure
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High-Technology Business Development
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Animal Health Research Center (Western Missouri)
Missouri Plant Science Center in Mexico, Missouri
Technology Park at Fort Leonard Wood
High-Technology Marketing and Promotion
Missouri-Israel Initiative
Workforce Development
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Ag-Biotech Outreach Program
Animal Health Workforce Initiative (St. Joseph)
Missouri Center for Advanced Power Research (Joplin)
Discussion