ST. LOUIS, Mo. (KMOX) – The Arch Grants Global Startup Competition snagged a $100,000 donation.

Last week Ballpark Village developer Cordish announced that they to will contribute to the effort and invest in St. Louis’ future.

Arch Grants CEO Sarah Spear say in this second year of the competition they’ve seen a 67 percent increase in the number of applications.

Over the next several months 707 applicants will be whittled down to about 20, who will each receive $50,000 in seed money to launch their business in St. Louis.