Arch Grants, the St. Louis-based nonprofit seeking to build the region’s entrepreneurial community, is seeking applications for its annual Global Startup Competition, which offers prizes of $50,000.
The organization is looking for innovative, high-growth, early stage ventures with national or international impact potential.
Winning companies must be in St. Louis or be willing to move their headquarters to St. Louis.
Deadline to apply is May 15.
Arch Grants seeks to attract and retain talented entrepreneurs through a unique competition model that combines equity-free funding, an expansive panel of evaluators, a robust network of resources and the support of an engaged community.
The Arch Grants Startup Competition is an international competition that awards $50,000 equity-free, cash grants and pro bono support services to the most innovative and scalable startups. Arch Grants seeks to fund innovative technologies, products, and services wrapped within scalable business models with the potential for national or international impact.
Arch Grants include:
• $50,000 equity-free, cash grant
• Pro-bono support from multiple service providers
• Personal introductions to strategic business and civic leaders
• Access to angel investment and venture capital networks
• Educational programming
• Discounted office and residential space
• Access to Arch Grants leadership
• Talent acquisition/recruiting services
• Professional and high level business mentorship
• Relocation services
• Social support and community integration services
• Inclusion into a community of innovative entrepreneurs
• Must be 18 years or older to apply.
• Must be able to have at least 51 percent of your founding team, OR at least one founder and 51 percent of the full team, working full time on the business in St. Louis city for a period of at least one year.
Since 2012, Arch Grants has attracted more than 3,000 applications from 85 countries and 43 states.
Of the 96 companies funded, 85 are still active, and 84 percent of active companies maintain a presence in St. Louis.
In just 2016, Arch Grants recipients generated over $51 million in economic output.
To apply for a grant go here.
— From the Illinois Business Journal