Efactory
Efactory is Missouri State University's Center for Business and Economic Development, providing business consulting, training, coworking, and mentorship to entrepreneurs, startups, and small businesses across 15 counties in southwest Missouri, funded primarily through public-sector grants and university support.
- Company typePrivate
- Founded2013
- HeadquartersSpringfield, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Efactory does
Efactory is Missouri State University's Center for Business and Economic Development, operating as a university-affiliated business incubator and entrepreneurial support center founded in March 2013 in Springfield, Missouri. The organization serves entrepreneurs, startups, small businesses, and larger employers across 15 counties in southwest Missouri through a portfolio of programs including one-on-one business consulting delivered via the Missouri Small Business Development Center (SBDC), fee-based professional training, workspace rentals, and a mentorship network. As a program within a public state university, Efactory does not have independent ownership or external investors, and its mission is anchored in regional economic development rather than equity returns.
Efactory's core service offerings include Business Support Services (confidential consulting, mentorship, training), Talent Development (certificate programs, custom corporate training, leadership development using the LEGO Serious Play methodology), Workspace Solutions (private offices of 150–1,300 square feet, coworking memberships, meeting rooms with A/V equipment), and specialized programs such as the MSU Public Safety Training Center for law enforcement continuing education in the Lake of the Ozarks region. The organization does not develop or sell proprietary software; its technology stack consists of standard office and coworking infrastructure with A/V capabilities for hybrid events, plus third-party software-enabled member benefits (AWS credits, Google Cloud credits, HubSpot discounts, Brex benefits). Integration with the broader SBDC network of nearly 1,000 locations nationwide provides referral infrastructure and brand association.
Efactory's revenue model is a hybrid of recurring workspace memberships, fee-based training programs, and significant public-sector funding streams. As a public university entity it does not publish revenue figures. Operating revenue is supplemented by an SBA cooperative agreement, Missouri Department of Public Safety grants (for ALERRT/active shooter training), Missouri Department of Economic Development funding, and Missouri Technology Corporation support for semiconductor and innovation initiatives. The organization operates from five locations including the Robert W. Plaster Free Enterprise Center (a former Hudson Foods poultry plant converted into the main incubator), Brick City 3, Launchpad in the Plaster Student Union, the Public Safety Training Center in Camdenton, and the Missouri SBDC regional office in West Plains. Reported program outcomes through the SBDC include 90+ businesses launched, 1,100+ jobs created, $130 million in capital secured, and $165 million in client sales growth.
Efactory firmographics
Firmographics- Name
- Efactory
- Legal name
- efactory
- Website
- https://efactory.missouristate.edu
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Efactory is Missouri State University's Center for Business and Economic Development, providing business consulting, training, coworking, and mentorship to entrepreneurs, startups, and small businesses across 15 counties in southwest Missouri, funded primarily through public-sector grants and university support.
- Ownership category
- akta.pro rank
Efactory industry classification
Industry- Product category
- Business Incubation and Entrepreneurial Support Services
- NAICS
- Professional and Management Development Training (611430), Professional and Management Development Training (61143), Computer Training (611420)
- SIC
- Services-Educational Services (8200)
- akta.pro primary industry
- Internship-to-Apprenticeship & Early Talent Pipeline Programs (EDAMAKAL)
Keywords
Where Efactory is headquartered
LocationHeadquarters
- HQ city
- Springfield
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Efactory business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Workspace Memberships: Revenue from private office rentals (150 to 1,300 sq ft) and coworking memberships including access to conference rooms, coffee, mail/package delivery
- Training Programs: Fee-based professional development and business training programs offered to individuals and organizations
- Public Funding and Grants: Funded through public grants, Missouri Department of Public Safety, SBA cooperative agreements, and community donations
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Coworking membership with shared amenities |
| Freemium | Monthly | SBDC consulting - no cost to eligible clients |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Efactory product offering
Product offeringCore offering
Efactory is a business incubator and entrepreneurial support center operated as Missouri State University's Center for Business and Economic Development. It provides one-on-one business consulting, mentorship, professional development training, workspace rentals (private offices and coworking memberships), and specialized programs such as the Missouri SBDC, Entrepreneurship Intern Pilot, and Public Safety Training Center for law enforcement.
Product overview
Efactory is Missouri State University's Center for Business and Economic Development, functioning as a business incubator and entrepreneurial support organization rather than a software product company. The organization operates a portfolio of interconnected services including Business Support (consulting, SBDC programs, mentorship), Talent Development (professional training, certificate programs, custom solutions), Workspace Solutions (private offices, coworking, meeting spaces), and specialized programs (Public Safety Training Center, Student Talent Programs). The ecosystem also includes regional offices in West Plains and facilities like Brick City and Launchpad. Key programs include the Missouri SBDC providing no-cost business consulting, the Entrepreneurship Intern Pilot Program connecting startups with student talent, and the Show-Me Network partnership extending services statewide. Efactory does not offer a traditional software product or SaaS platform.
Differentiator
Problem solved
Functional benefit
Brands
- Missouri SBDC at Missouri State University: Small Business Development Center providing no-cost business consulting, training programs, and specialized support services to small business owners in southwest Missouri.
Products and services
- Business Support Services Confidential one-on-one business consulting, mentorship, training programs, and connection to resource partners to help entrepreneurs start and grow businesses in southwest Missouri.
- Talent Development Expert-led professional development and leadership training programs, certificate programs, and custom training solutions for individuals and organizations.
- Workspace Solutions Flexible private office spaces (150 to 1,300 square feet), coworking memberships, and rentable meeting/conference spaces with A/V equipment for hybrid or virtual events.
- Missouri SBDC at Missouri State University Small Business Development Center providing no-cost business consulting, training programs, and specialized support services.
- Mentorship Program Network connecting entrepreneurs to experienced business professionals providing advice and feedback across HR, business law, financial management, and project management.
- Student Talent Programs Programs connecting Missouri State University students with employers for part-time work, internships, and experiential learning opportunities.
- Entrepreneurship Intern Pilot Program Program enabling startups to hire Missouri State student interns at no cost, providing immersive learning experiences within startup environments.
- Public Safety Training Center Continuing education and training for peace officers including ALERRT active shooter training, law enforcement leadership, and POST certification courses, located in Camdenton, Missouri.
- Business Foundations Training On-demand and instructor-led training covering business planning, financial management, QuickBooks, human resources, marketing, legal issues, government contracting, and international business.
- LEGO Serious Play Workshops Facilitated workshops using LEGO building blocks for leadership development, team building, and strategic planning exercises.
- Virtual Early-Stage Business Boot Camp Eight-session virtual program providing business fundamentals, expert coaching, and a growth plan for aspiring and early-stage entrepreneurs, developed by Missouri SBDC.
- Show-Me Network Statewide network partnership with codefi delivering transformational programming including the Virtual Early-Stage Business Boot Camp and other entrepreneurship resources across Missouri.
- Member Perks Program Exclusive discounts and benefits for efactory members including AWS credits, Google Cloud credits, HubSpot discounts, Brex benefits, and meeting space discounts.
Quantifiable outcome
- Multiple businesses launched and jobs created through client companies
Companies that use Efactory
Customer profileNamed customers8 records
Segments1 record
Ideal customer profiles3 records
Efactory technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Efactory partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- CoxHealthcoreCorporate partner supporting entrepreneurship and valuing vitality of small businesses
- Arvest BankcoreCorporate partner supporting the Supercharge Southwest Missouri initiative and small business ecosystem
- Great Southern BankcoreCorporate partner and naming-level donor providing free small business checking and other perks for members
- Missouri State UniversitycoreParent university providing funding, academic partnerships, and institutional support for efactory as MSU's Center for Business and Economic Development
- U.S. Small Business AdministrationcorePrimary funder through Cooperative Agreement for SBDC program serving southwest Missouri
- Missouri Department of Economic DevelopmentcoreFunding partner and resource organization supporting Missouri's businesses and economic development initiatives
- Missouri Technology Corp (MTC)coreFunding partner for technology and innovation initiatives including semiconductor industry programs
- Springfield Area Chamber of CommercecoreCommunity partner supporting economic development and business growth in Springfield area
- Missouri EnterpriseminorResource partner helping Missouri manufacturers increase sales, create jobs, and reduce costs
- Springfield Tech CouncilminorCommunity partner supporting technology, connecting people and improving the community
- ALERRT (Advanced Law Enforcement Rapid Response Training)corePartnership with Texas State University ALERRT Program to deliver active shooter training to law enforcement agencies across Missouri, funded through Missouri Department of Public Safety Office of Homeland Security grant
- APEXminorResource partner assisting small, disadvantaged and women-owned firms in obtaining government contracts
- Multicultural Business AssociationminorResource partner advancing minority business opportunities in southwest Missouri
- Show-Me NetworkcoreStatewide network of training partners, regional connectors, and community connectors bringing transformational programming across Missouri
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Efactory competitors and assessment
Company assessmentDirect peers
- Venture For America: Nonprofit fellowship placing early-career talent into startups in emerging U.S. cities. Comparable to efactory's Entrepreneurship Intern Pilot Program that connects Missouri State students with startups.
- MassChallenge: Global nonprofit startup accelerator offering mentorship, programming, and connection to corporate partners with a similar community-led, no-equity model — directly comparable to efactory's entrepreneur support mission.
- Missouri SBDC Network (statewide): Statewide SBDC umbrella organization of which efactory's Missouri SBDC at Missouri State is a regional affiliate. Operates the same no-cost consulting and training model under the same SBA cooperative agreement framework.
- ALERRT Center at Texas State University: Texas State University's Advanced Law Enforcement Rapid Response Training center — the source program from which efactory delivers ALERRT active shooter training under partnership. Directly comparable public safety training operation.
- Capital Factory: Austin-based tech accelerator and coworking hub combining mentorship, programming, and workspace for startups. Closely comparable operating model and member profile.
- 1871: Chicago-based nonprofit tech hub and business incubator providing workspace, mentorship, and programming to startups. Directly comparable as a university-affiliated digital incubator serving a regional ecosystem.
- codefi: Cape Girardeau-based entrepreneurship and tech talent nonprofit that is efactory's strategic partner operating the Show-Me Network statewide. Directly comparable as a Missouri-based entrepreneurship support organization.
- SCORE: National nonprofit providing free mentoring, workshops, and business resources to small businesses and entrepreneurs — the closest nationwide analog to efactory's SBDC and mentorship programs.
Regional players
- LaunchCode: St. Louis-based nonprofit providing free tech training, apprenticeship placement, and job connection — comparable training-and-talent-pipeline mission, though focused on tech rather than general business.
Others
- Springfield Area Chamber of Commerce: Local economic development and business advocacy organization that is a core efactory partner. Adjacent rather than competitive — both serve southwest Missouri employers but Chamber focuses on policy/networking while efactory delivers direct business services.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Efactory social profiles
Digital presenceEfactory financial estimates
Financial estimateRevenue estimate
Valuation estimate
Efactory leadership team
Management profileNumber of profiles
Profiles10 records
Efactory funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Efactory M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Efactory
What does Efactory do?
Efactory is a business incubator and entrepreneurial support center operated as Missouri State University's Center for Business and Economic Development. It provides one-on-one business consulting, mentorship, professional development training, workspace rentals (private offices and coworking memberships), and specialized programs such as the Missouri SBDC, Entrepreneurship Intern Pilot, and Public Safety Training Center for law enforcement.
Is Efactory a public or private company?
Efactory is a private company. It is classified as state government owned and is currently operating.
When was Efactory founded?
Efactory was founded in 2013. It employs 11 to 50 people.
Where is Efactory based?
Efactory is headquartered in Springfield, United States, in the North America region.
How does Efactory make money?
Three revenue lines are on record. Workspace Memberships are the primary driver. The others are training Programs and public Funding and Grants.
Who are Efactory's main competitors?
Direct peers on record are Venture For America, MassChallenge, Missouri SBDC Network (statewide), ALERRT Center at Texas State University, Capital Factory, 1871, codefi and SCORE. LaunchCode is listed as a regional player. Springfield Area Chamber of Commerce is listed as an others.
Does Efactory have an API?
No public API is recorded for Efactory.
What industry is Efactory in?
Efactory's product category is Business Incubation and Entrepreneurial Support Services. Its primary akta.pro industry code is EDAMAKAL, Internship-to-Apprenticeship & Early Talent Pipeline Programs. Its NAICS code is 611430 and its SIC code is 8200.