Description
Like you, we're tech founders and entrepreneurs. And as one of the most successful venture development organizations in Missouri, we understand the drive and hustle it takes to build something great from the ground up.
We've combined our unique first-hand expertise with a powerful network of fellow founders, investors, partners and subject matter experts who have walked the entrepreneurial path before. Together, we're ready to roll up our sleeves and work side-by-side with you to turn your vision into reality.
Eligibility
The 1ST50K Startup Competition provides $50,000 in non-dilutive funding for tech/SaaS startups (AgTech, FinTech, Marketplaces, etc.) in the Midwest, requiring at least one founder to relocate to Cape Girardeau, Missouri, for the year-long program, focusing on coachable teams with traction or strong potential, often in early stages (prototype/users/revenue), as part of an accelerator-like support system.
Process
a non-dilutive $50,000 grant for SaaS startups willing to relocate to the rural Midwest (Missouri/Kentucky), with the process involving an application, business plan, pitch deck, and video, showcasing viability and potential impact in the region, followed by selection and a year-long program in Missouri or Kentucky. The core process involves proving your business's potential and alignment with the program's goal to boost rural economies.
What an Applicant can Obtain
At 1st50K, an applicant (startup) can obtain a $50,000 non-dilutive grant (no equity taken!), hands-on mentorship, free office space (in Cape Girardeau, MO), access to talent (recruited by Codefi), and a network of investors/founders to help grow their tech company, especially focusing on the Rural Midwest.