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Startups

STL Fashion startups face tariffs on Chinese imports
Melody Walker|St. Louis Public Radio

The burgeoning St. Louis fashion industry is bracing for the impact of the latest tariffs on goods from China.

Handbags, backpacks, luggage, hats and baseball gloves are just a few of the thousands of products covered in the latest round of U.S. tariffs imposed on goods imported from China. The 10 percent tax went into effect Sept. 24 and it will increase to 25 percent on Jan. 1.

Experts say consumers should expect to see higher prices before the end of the year.

The Women's Bakery opened three years ago in Kigali, Rwanda. Founded by St. Louis native Markey Culver, it's a social-enterprise business focused on training and employing women.
Provided | The Women's Bakery

A St. Louisan starts a bakery. It’s a plotline that may make some think instantly of St. Louis Bread Co.

But Markey Culver’s chain of bakeries doesn’t mark suburban shopping centers throughout the region. Hers is much farther away.

Aloft hotel breaks ground in Cortex

Jul 25, 2018
Aloft Hotel in Cortex; artist rendering
Cortex Innovation Community

A hotel designed for millennials and young professionals is coming to the Cortex innovation district in St. Louis.

 

Officials held a groundbreaking ceremony Wednesday for the $25 million hotel. St. Louis-based Midas Hospitality and MC Construction are building the 129-room hotel under the “Aloft by Mariott” brand at the corner Boyle and Duncan avenues.

 

The technology startup incubator in downtown St. Louis is currently home to nearly 230 businesses. About 40 others got their start at T-REX and have moved to other locations throughout the region.
Wayne Pratt | St. Louis Public Radio

Arch Grants is only 6 years old, but to date it has awarded more than $6 million in cash grants that have helped launch more than 100 companies.

Arch Grants is a non-profit organization that attracts and supports startup companies to St. Louis with its Global Startup Competition. The group released its annual report Tuesday, full of testimonials from startup founders, graphs and lots of numbers.  

Obinno Coley is the entrepreneurship teacher at Normandy High School.
Kelly Moffitt | St. Louis Public Radio

On Obinno Coley’s first day as a student teacher at McCluer North, his supervisor had to leave when his wife went to the hospital to have a baby.

“He gave me a book and said: ‘you’re on your own,'” Coley told St. Louis on the Air host Don Marsh on Monday. “I worked with that book for the next three months and at the end of it I said ‘wherever I go, I will bring this with me.’”

Laura Callanan is a founding partner of Upstart Co-Lab, an impact investing team taht seeks to connect artists, social entrepreneurs and funding schemes.
Kelly Moffitt | St. Louis Public Radio

If you’ve spent any time around the startup space, you know that connecting entrepreneurs with funding is an essential part of the mix for a new company to be successful. You’ll also know that “creativity” is a buzzword entrepreneurs love to throw around.

But what about the initial creatives: artists? Laura Callanan is the founding partner of Upstart Co-Lab, an impact investing and business development team that seeks to connect artists with social entrepreneurs and funding mechanisms.  

Portfolio of Missouri Technology Corporation

If you throw a rock in the St. Louis startup ecosystem, you’ll likely hit a company that’s gotten some of its investment funds from the Missouri Technology Corporation.

The Missouri General Assembly established the public-private partnership in 1994 to promote entrepreneurism and grow high-tech companies. MTC has co-invested about $35 million in nearly 100 startups since 2011, many of them based in St. Louis.

That investment may dry up soon.

Provided | Arch Grants

The St. Louis business incubator founded to attract and keep entrepreneurs in the region seems to be delivering on its premise.

The majority of Arch Grant recipients are staying in St. Louis after the year-long requirement that is a condition of the $50,000 grant.

Winter 2015 Arch Grant recipients announced

Nov 12, 2015
Arch Grants Blue logo
Provided | Arch Grants

Eleven more startups are receiving Arch Grants Thursday. In exchange for locating in St. Louis, the businesses will receive $50,000 and a year of support in areas ranging from accounting to marketing.

Some companies receiving the grants are already located in St. Louis, such as the recent Washington University and Saint Louis University graduates behind Chrona Sleep. Other companies are relocating, including two international companies.

Mary Jo Gorman, lead managing partner of Prosper Capital (left) and Cindy Teasdale McGowan (right), founder of Makaboo Personalized Gifts and a lead mentor with Prosper.
Alex Heuer | St. Louis Public Radio

St. Louis has hosted a healthy, burgeoning startup community for some years and the strong showing of small tech businesses has drawn particular attention, leading some to call St. Louis the “next Silicon Valley.” With a healthy network in place to support new companies, community leaders and entrepreneurs are now working to increase diversity within St. Louis’ startup culture.

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.

Why Are More Entrepreneurs Calling St. Louis Home?

Nov 4, 2013
(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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