startups

Joe McDonald (back left) came up with the idea for a fitness app that measures power use. He and his team are hammering out their presentation for the company tentatively called Watt Runner.
Camille Phillips | St.Louis Public Radio

Updated at 11:05 a.m. Monday February 9, 2015 to include competition results.  

On Friday, St. Louis held it's first bio-health Startup Weekend. For 54 hours, eight teams worked to build a health-related business from the ground up.

Cities around the country and the globe have held Startup Weekends. St. Louis had its first Startup Weekend in 2012.

Donald Danforth Plant Science Center
mshipp via Flickr

Several factors are helping St. Louis make a name for itself as a startup city.

“First of all is talent,” Thomas Osha told “St. Louis on the Air” host Don Marsh on Thursday. Osha is managing director of innovation and economic development for Wexford Science + Technology. “Talent trumps everything. That’s why it is the fuel of entrepreneurial activity. Innovation is totally a social enterprise, so the more folks you can bring into that orbit, the more chance you have of being able to scale those entrepreneurial businesses.”

Lockerdome CEO Gabe Lozano (left) and project manager Kyle Cordia at the startup's headquarters in downtown St. Louis. 10/29/2014 Durrie Bouscaren/STL Public Radio
Durrie Bouscaren / St. Louis Public Radio

Coding competitions have a way of bringing people together. And GlobalHack's next weekend hackathon will bring them to Ferguson

“Some of these people came from MIT, Wash U [Washington University], some of them came from their mom’s basement. Truth of the matter is, the only thing that matters in our world is that you can actually produce,” said local startup CEO Gabe Lozano, who co-founded GlobalHack.

GlobalHack III is the company's third quarterly competition and promises $50,000 in prize money. 

(Courtesy Cortex)

A new report out released Monday by the Brookings Institution on "innovation districts" prominently features St. Louis' Cortex.

The Rise of the Innovation District: A New Geography of Innovation in America looks at several of these areas in both Europe and the U.S. It defines the districts as "geographic areas where leading-edge anchor institutions and companies cluster and connect with start-ups, business incubators and accelerators."

(Credit: Flickr/Sean McMenemy)

Monsanto is giving a $2.5 million grant to BioSTL, the non-profit organization that advocates for bioscience in St. Louis.

The announcement came Thursday during InvestMidwest, the venture capital conference that’s showcasing more than 40 innovative companies.

BioSTL’s mission includes growing the St. Louis area's economy through the bioscience industry.

President and CEO Donn Rubin said the grant will help the non-profit continue its work.

(Credit: Flickr/Sean MacEntee)

A New York-based apprentice program aimed at giving young adults experience within innovative companies is expanding to St. Louis.

Enstitute was founded in New York City by Kane Sarhan and Shaila Ittycheria in 2012. The goal was to help connect students who weren’t ready or interested in a traditional path to college get on-the-job experience with start-up companies and entrepreneurs. A second location was opened in Washington, D.C., in January.

(via Flickr/digitizedchaos)

St. Louis’ startup scene gained big momentum last year.

A new report by the St. Louis Regional Chamber finds area startups raised more than $380 million in equity investments. That was more than six times the amount raised in 2012.

(Courtesy Washington University in St. Louis)

St. Louis is beginning to build a name for itself as a center for entrepreneurship. Last year, funding for tech startups in the region almost doubled, bringing in nearly $30 million in investments. The T-Rex campus downtown - founded two years ago explicitly to foster entrepreneurship in St. Louis - is currently home to more than 70 startups.

(Courtesy: Khalia Collier)

Entrepreneurs are defined as risk-takers.  They are people who take a business idea and run with it, hoping their endeavor is commercial viable and one which can be sustained.

Earlier this month, business leaders and St. Louis City and County officials announced a new effort to support entrepreneurs and startup companies in the St. Louis region.  The goal is to raise $100 million over the next five years.

(via Flickr/breahn)

Earlier this month, business leaders and St. Louis City and County officials announced a new effort to support entrepreneurs and startup companies in the St. Louis region.  The goal is to raise $100 million over the next five years.

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