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.

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.

(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.

Updated 6/13 4:56 with news of entrepreneur fund.

Business leaders and St. Louis City and County officials met today (Thursday) to announce a new effort to support entrepreneurs in the area.

The goal is to raise $100 million over the next five years.

The announcement comes on the tail of a recent report that found last year was a record-breaking year for St. Louis tech startups, which brought in $30 million dollars in investments.

St. Louis County Executive Charlie Dooley said the $100 million goal is bold, but doable.


One of the country’s largest startup incubators will soon be moving into the Cortex bioscience district in St. Louis.

The move marks Cambridge Innovation Center’s first expansion out of the Boston area, where it houses more than 500 small to mid-sized companies.

CIC’s president and CEO, Ranch Kimball, says he expects the new St. Louis facility to attract mostly technology startups, but says CIC will be open to a variety of businesses.

CNN Money has released a list of the top 5 cities it considers to be the main up-and-comers on the IT jobs scene. New York City still "leads the pack" in tech jobs, followed by the Washington, D.C.-Baltimore area - but the top 5 "growing" cities are St. Louis, Charlotte, Austin, Phoenix and Detroit. CNN Money says the tech job market in St. Louis has jumped 25 percent in the last year with a median salary of about $81,000.

(via Flickr/breahn)

The numbers are pretty impressive, more than three dozen new biotech startups now call St. Louis home and collectively they’re hauling in tens of millions of dollars from investors.

derekGavey | Flickr

Silicon Valley has been the place for IT development since the dawn of the computer age, but new technology and cheaper resources are leveling the playing field for other cities across the country. As St. Louis Public Radio’s Joseph Leahy reports, a network of local business leaders is pushing to make St. Louis a regional hub for IT start-up companies.