What is Efactory?
Headquartered in a repurposed industrial facility in downtown Springfield, Efactory functions as a multifaceted business incubator and innovation hub. Since its inception in 2013, the organization has evolved into a comprehensive support network for entrepreneurs, small business owners, and established enterprises. By maintaining a strategic partnership with Missouri State University, Efactory provides a unique ecosystem where startups can access university-led research, talent pipelines, and specialized office environments. Its market position is defined by its role as a one-stop shop for regional economic vitality, offering everything from early-stage mentorship to corporate training solutions that address the specific needs of the Missouri workforce.
How much funding has Efactory raised?
Efactory has raised a total of $500K across 1 funding round:
Grant
$500K
Grant (2025): $500K with participation from Missouri Technology
Key Investors in Efactory
Missouri Technology
The Missouri Technology Corporation is a public-private partnership dedicated to fostering entrepreneurship and high-tech development across the state, with a specific focus on life sciences and agricultural technology.
What's next for Efactory?
With the recent strategic investment, Efactory is well-positioned to accelerate its long-term growth trajectory. The organization is expected to focus on deepening its integration with the IDEA Commons district, potentially expanding its physical infrastructure to accommodate a larger cohort of high-growth startups. Furthermore, the capital will likely be deployed to enhance the sophistication of its custom training modules, ensuring that local businesses remain competitive in an increasingly digital economy. By fostering deeper connections between the academic community and the private sector, Efactory aims to solidify its status as the primary engine for innovation in southwest Missouri, driving sustainable job creation and technological advancement for years to come.
See full Efactory company page