Missouri Business Flash: Three Columbia startups receive a a total of $125,000

1 year 8 months 5 days ago Friday, October 13 2017 Oct 13, 2017 Friday, October 13, 2017 2:45:00 PM CDT October 13, 2017 in News
By: Shelly Hagan, KOMU 8 Reporter
loading

COLUMBIA - Forty-seven-year-old Amos Angelovici walked onto The Blue Note stage Wednesday night, ready to present his business idea to a 200 person audience and a panel of investors. With thousands of dollars at stake, Angelovici said he practiced his presentation at least 50 times in front of mentors, employees and family members before taking the stage.

AdSwapper, Angelovici’s app, was one of four startups to pitch its business model to investors in the hopes of raising money from the $2 million Missouri Tech Accelerator Fund. The fund invests up to $50,000 in Mid-Missouri startups to help launch their product or service. The other local startups included Testery, Ukatsu and Stor.

Even though the companies were vetted before coming onto the stage and had prior contact with the investors, the founders spent hours on perfecting their presentations.   

“It’s a long process. It starts a long time before that (event), where we start building our value proposition, figuring out our strengths and weaknesses, slowly building the whole story and showing our results and eventually practice, practice, practice, practice,” said Angelovici.

The event, called Missouri Tech Challenge, was organized with help from Bill Turpin’s Finance class at MU. Bill Turpin, CEO at the Missouri Innovation Center, along with True Media Founder Jack Miller and Veterans United Home Loans co-founder Brant Bukowsky took the stage as “Shark Tank” investors.

The four startups had 15 minutes to pitch their idea and then a Q&A session with investors. After the companies finished, the panel of investors took a fifteen minute break to deliberate. Testery, a service helping companies test their websites for errors inexpensively and AdSwapper, an app filtering ads on a mobile device based on if they agree to pay the user, received $50,000 each.  

Stor, an “airbnb” model for storage, received $25,000. Ukatsu, a development program for young gamers, didn’t received funding but was invited to pitch to the investors in December. The investors said they would like to see more of Ukatsu’s financials before investing.

The Missouri Tech Challenge was the first event of its kind in Columbia and Turpin said he would like to turn this into an annual event.

In other business news, Southwest passengers in St. Louis will soon have more choices for flights nationwide. Southwest is adding two daily non stop routes to San Francisco and San Jose from the St. Louis Lambert International Airport. The services will begin in April 2018 and tickets are available for purchase online now. Southwest is expanding its routes nationwide, with a recent announcement to add flights to Hawaii in 2018. 

Missouri leaders are stepping up their media campaign to lure in Amazon's HQ2 to the state. In a video released Tuesday, Gov. Eric Greitens said Missouri is a national leader and home of innovation according to the St. Louis Post-Dispatch. Kansas City Mayor Sly James and sports broadcaster Joe Buck also posted videos on twitter as to why Kansas City and St. Louis, respectively, would make good locations for Amazon. The videos come just over a week before cities must submit their bids to Amazon October 19.

More News

Grid
List
ST. LOUIS (AP) — A suburban St. Louis man is accused of threatening to shoot and kill "every gay person"... More >>
1 hour ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 10:45:23 AM CDT June 19, 2019 in News
BENTON, Mo. (AP) — A southeast Missouri sheriff has fired a deputy who is running against him for sheriff next... More >>
1 hour ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 10:36:14 AM CDT June 19, 2019 in News
SEDALIA, Mo. (AP) — A 29-year-old Missouri man has been sentenced in the stabbing death of a woman in Sedalia.... More >>
3 hours ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 8:17:00 AM CDT June 19, 2019 in News
ST. LOUIS (AP) — Authorities say a woman was trapped in a St. Louis jail stairwell for more than two... More >>
3 hours ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 8:04:46 AM CDT June 19, 2019 in News
BRUNSWICK - SEMA returned to Brunswick today to continue its training for flood damage assessment. KOMU spoke with multiple... More >>
12 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 11:48:00 PM CDT June 18, 2019 in News
HOLTS SUMMIT - Chris Redel is the new Ward 2 Alderman for Holts Summit. The initial election took place... More >>
12 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 11:26:00 PM CDT June 18, 2019 in News
MID-MISSOURI - One child, 11 months old, died in Calverton Park, near St. Louis, on June 2, 2019. The temperature... More >>
13 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 10:07:00 PM CDT June 18, 2019 in Weather
CAMDENTON - The cause of a house fire is under investigation after crews battled flames in Camdenton Tuesday morning. ... More >>
15 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 8:52:00 PM CDT June 18, 2019 in News
COLUMBIA - A cash reward has been increased for anyone with information on an injured three-month-old pit bull in St.... More >>
16 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 7:13:00 PM CDT June 18, 2019 in News
COLUMBIA - A research summit on disaster relief and recovery comes at a "fortuitous time," according to one of the... More >>
17 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 6:17:00 PM CDT June 18, 2019 in News
KANSAS CITY - Police are searching for two people after discovering graffiti on the National World War I Museum and... More >>
18 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 5:25:00 PM CDT June 18, 2019 in News
COLUMBIA – A major river crossing in Howard County opened Tuesday as flood waters receded. The Missouri Department of... More >>
19 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 4:38:00 PM CDT June 18, 2019 in News
GRAVOIS MILLS - A 93-year-old woman told police she blacked out before driving through the front door and into the... More >>
19 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 4:27:00 PM CDT June 18, 2019 in News
COLUMBIA - The organizer of a water gun fight says he wants to address a serious issue in a fun... More >>
19 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 3:58:00 PM CDT June 18, 2019 in News
HIGBEE - The Higbee Senior Center will close its doors in 10 days. The board of directors said it can... More >>
20 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 3:35:00 PM CDT June 18, 2019 in News
HARTSBURG - Some people in Hartsburg say their yards are steeped in sewage after crews worked on a flood-clogged line.... More >>
20 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 3:20:00 PM CDT June 18, 2019 in News
KANSAS CITY - Doctors say a 15-year-old boy from Kansas City who fell onto a 10-inch knife is extremely lucky.... More >>
20 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 3:04:00 PM CDT June 18, 2019 in News
JEFFERSON CITY - Researchers from Lincoln University and the University of Missouri have been working collaboratively on a new type... More >>
20 hours ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 3:03:00 PM CDT June 18, 2019 in News
Columbia, MO
Broken Clouds 71°
12pm 71°
1pm 72°
2pm 72°
3pm 72°