Efactory secures $250K grant

The Missouri Technology Corp. announced a grant for Missouri State University's Efactory business incubator.

Paige Oxendine, assistant director of the Efactory, said the grant amount is $250,000. The Efactory grant is earmarked for an initiative called Supercharge Southwest Missouri, according to a news release. The program is designed to leverage innovation and entrepreneurship assets in more than 16 counties.

It's part of more than $1 million awarded by the MTC for entrepreneurs and research institutions. The Missouri Building Entrepreneurial Capacity Program has awarded roughly $27 million in grants to date.

“This program helps our state create an environment where entrepreneurs and startups can thrive,” said Rob Dixon, director of the Missouri Department of Economic Development, in the release. “These innovators are the future of Missouri’s economy and we’re happy to support their continued growth.”