What is Efactory?
Efactory operates as a comprehensive business incubator, training center, and support network, strategically located within a former poultry processing plant in downtown Springfield. Established in March 2013, its primary objective is to serve as a centralized resource for small business owners and entrepreneurs across southwest Missouri. The organization provides a wide array of services, encompassing office space for burgeoning companies, customized training programs for established businesses, and university connections for talent acquisition. Efactory is an integral part of the IDEA Commons district, aligning with Missouri State University's vision for an urban innovation park.
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 (MTC) is a public-private partnership focused on enhancing entrepreneurship and supporting new high-tech companies in Missouri, particularly in life sciences and technology sectors. It provides venture capital, grants, and ecosystem support.
What's next for Efactory?
The recent major enterprise-level funding and strategic investment signal a period of accelerated expansion and enhanced service delivery for Efactory. This capital infusion is expected to bolster its capacity to support a greater number of entrepreneurs and businesses, potentially leading to the development of new programs and the expansion of its physical footprint. The company's close ties with Missouri State University position it favorably to leverage academic research and talent, further solidifying its role as a key driver of regional economic development and innovation.
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