MO SB802

Creates the "Proof of Concept Technology Business Finance Program Account" within the Missouri technology investment fund to provide one-time loans to early-stage advanced technology companies, with unspent funds carrying over annually rather than lapsing to the general revenue fund.

Limits individual loans to $75,000 maximum per company with $1.25 million available per fiscal year, requiring repayment of twice the loan amount within five years and dollar-for-dollar leverage with additional equity investment.

Eligible industries include animal health, biotechnology, information technology, aerospace, electronics, robotics, medical devices, telecommunications, plant sciences, and energy; excludes banking, finance, insurance, real estate, and retail sectors.

Requires eligible companies to be small businesses meeting SBA standards, have 50% or more employees and assets in Missouri, pay wages 35% above county average, and be at early commercialization stage with competitive technology advantages.

Permits loan proceeds for intellectual property development, prototypes, market studies, management recruitment, and business operations, contingent on board approval based on business plan, economic impact potential, founder commitment, and repayment likelihood.