venture capital

(Illustration by Susannah Lohr, St. Louis Public Radio)

In May of last year, BioGenerator officials crunched the numbers and realized about a  dozen companies in their portfolio would need to raise $60 to $90 million in order to keep growing.

BioGenerator, which formed in 2003, is a sort of incubator for biotech companies in St. Louis, providing early stage funding and support for 65 companies to date.

(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.

derekGavey | Flickr

A report released today is touting the emergence of St. Louis as tech startup hot-spot.

ITEN, a non-profit that provides programs, events and access to resources for area startups produced the report. It collected data from more than 350 area startups and evaluated the health of the industry by looking at a variety of measures, including the amount of funds raised, current monthly revenue and the number of employees. 

Optimistic Outlook: