ST. LOUIS — The Arch Grants Global Startup Competition is open from now through May 15.
Arch Grants will award up to 20, $50,000 equity-free cash grants and pro bono support services to innovative and scalable startups that agree to locate their business in St. Louis for at least one year.
Through the industry-agnostic Global Startup Competition, Arch Grants funds innovative technologies, products, and services wrapped within scalable business models that have the potential to make a national or international impact.
As a nonprofit organization, Arch Grants aims to accelerate economic development in St. Louis by funding for-profit companies in order to retain and attract the most innovative entrepreneurs to the St. Louis region.
“Arch Grants offers a unique opportunity to startups by offering equity-free cash, pro bono services, and access to the fastest growing startup city in the nation to help entrepreneurs build their companies with a solid foundation to open up space for them to take risks where they need to,” says Interim Executive Director Ben Burke.
Tyler King, co-founder and CEO of Less Annoying CRM, a 2014 Arch Grants recipient from
California, speaks from experience: “We moved here after we looked at all the pros and cons of cities across the U.S. The number one key for us was building a great team, and St. Louis is the best place to build a great team.“
Since 2012, Arch Grants has awarded more than $5.2 million in cash grants to 96 startup
businesses that were ready to call St. Louis home. With the help of their program and support services, these companies have gone on to retain over 330 jobs, generate nearly $50 million in revenue, and attract over $100 million in follow-on capital.
The regional impact can be traced to the impact that the organization has on its recipients.
“Arch Grants fast forwarded everything we were doing. We got our first client, we hired our first full-time employee, and have expanded into a totally different network,” shares Christina Hawatmeh, founder and CEO of Scopio, a 2015 Arch Grants Recipient from New York.
The Arch Grants recipients will be announced to the public at the Annual Arch Grants Gala on Nov. 3. Interested entrepreneurs can check out the Arch Grants Global Startup Competition at archgrants.org .
— From the Illinois Business Journal