Venture Capital | St. Louis Public Radio

Venture Capital

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.  

The expansion adds office, storage and warehouse space to the Wellston Business Center, which opened 13 years ago.
St. Louis Economic Development Partnership

The expansion of a center to help launch businesses is aimed at sparking an economic rebound in a north St. Louis County community. A ribbon cutting is set for Monday at the St. Louis Economic Development Partnership business center in Wellston.

(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:

This article first appeared in the St. Louis Beacon, May 9, 2012 - Sam Fiorello sits comfortably in his office at the Danforth Plant Science Center while he relates a story about a search firm that went through a list of hundreds of candidates seeking a position to head a cutting-edge company.

As Fiorello, president of BRDG Park, a local life sciences campus, tells it, the winning candidate noted that he had started six failed companies and he was glad the firm had chosen him despite that.

This article first appeared in the St. Louis Beacon, April 5, 2012 - David Schenberg thinks he hit a homerun. He may have slightly stumbled a bit when he briefly considered ad libbing but overall, he feels he nailed it.

“A little humanization doesn’t hurt, right?” he laughed afterward. “At least that’s what I keep telling myself.”

This article first appeared in the St. Louis Beacon, April 2, 2012 - Christine Walsh has often seen entrepreneurs display twin streaks of creativity and drive in her role as executive director of Invest Midwest. She recalls an evening when she found an entrepreneur who was preparing a presentation for investors to be given the following day. He was standing not behind, but atop a podium which he had turned on its side and labeled to look like a bar of Dial soap.

This article first appeared in the St. Louis Beacon, March 27, 2012 - Duke Creighton’s degree is certainly a mouthful. But when you have a doctorate in physics with a focus on electromagnetism and a subspecialty in medical applications, questions about one’s envisioned career path come up immediately. Doctor? Physicist? Researcher?

“I wanted to be an artist,” he laughed.

This article first appeared in the St. Louis Beacon, June 24, 2009 - It’s easy these days to write about economic trends without considering the people or companies affected by them. So it was enlightening Tuesday afternoon to watch entrepreneurs, job hunters, students and regional employers mix it up at an event intended to spur innovation in St. Louis, particularly in the information technology and biotechnolgy sectors.

St. Louis companies look to go green with clean tech

Jul 31, 2008

This article first appeared in the St. Louis Beacon, July 31, 2008 - Tim Gray considers himself to be an environmentalist, one who believes that being "green" is good for business as well as for the environment.

"I think helping people to be more green, by saving them money, is a very powerful way to help change the country for the better," says Gray, who as chief executive of St. Louis-based Waste Remedies LLC helps his clients cut waste.