University of Missouri System invests up to $250,000 in an MU start-up venture to spur statewide economic development
Award money allows company to obtain additional funds from Missouri Technology Corporation and Centennial Investors
COLUMBIA, Mo. — The University of Missouri System Office of Research and Economic Development will award up to $250,000 to a Columbia start-up company as part of its investment program to spur economic development in the state.
MedSocket of Missouri, a startup venture from the University of Missouri-Columbia School of Medicine, helps improve the quality and efficiency of patient care. The company competed against 13 other applicants for funds available through the university’s Enterprise Investment Program (EIP).
“Our financial investments continue to make a difference—serving as a catalyst between our researchers’ innovative technologies and the marketplace,” said University of Missouri System President Tim Wolfe. “And with this investment, MedSocket has been able to leverage external funding from our partners.”
In addition to the UM system’s contributions, MedSocket has obtained $250,000 from the Missouri Technology Corporation (MTC) and $166,500 from Centennial Investors. MTC and Centennial Investors have been constant partners of the EIP program and continue to make strategic investments in university startups to help grow technology-based Missouri businesses.
For the full release, click here.
MedSocket is a health information technology company create to improve the quality and efficiency of patient care through advanced information retrieval, knowledge management, and clinical decision support technologies that deliver the best available clinical evidence at the point of care.