ST. LOUIS (KMOX) – The business start-up competition Arch Grants announced Tuesday its latest list of 20 entrepreneurs chosen for grants.
707 applications from 15 countries were submitted this year, a huge increase over last year’s 420 applications.
Each start-up chosen receives $50,000 in seed money, along with other support services, in exchange for moving their company to St. Louis.
Arch Grants Executive Director Sarah Spear says many of the winners align with existing local industries.
“For example, is this a bio-science company that would be of interest to the bio-investors that we have in town, like BioGenerator and later-stage bio-investors,” she said. “Is this a tech start-up that would be a good fit for maybe Capital Innovators or Cultivation Capital down the line?”
The winners come from coast-to-coast – New York state to San Diego, as well as a couple from Columbia, Missouri and Chicago – but in order to receive the Arch Grants funding and assistance, they’ll need to move here.
“We do our best to ingrain them in the local community, both socially and from a business operations standpoint, so that they’re building the business relationships here locally that will keep the business here,” Spear said.
A full list of the winners, complete with links to each, is below.
Adarza BioSystems, Inc.
Code Red Education
Easytork Automation Corporation
Rockhound Boring Products