Arch Grants, a St. Louis non-profit that awards grants to startups willing to move to St. Louis or keep their operations in the city, announced the 45 finalists still in the running for $50,000 and a year in incubation. The organization also revealed 2013 grant recipients Rovertown and Juristat as the winners of $100,000 follow-up awards.
In the third year of Arch Grants’ Global Business Plan, the number of finalists based outside Missouri outnumber homegrown startups 24 to 21 with companies applying from nine other states and three other countries.
The winners will be announced in May. They will join a group of 35 preceding grant recipients that have gone on to raise $10.7 million in follow-on capital and generated total revenues of $4.3 million while adding 142 jobs. Only three companies from Arch Grants’ first two classes have gone out of business.
Rovertown, a transplant from Carbondale, Ill., offers discounts to college students through its mobile app. Juristat, which got its start in St. Louis’ first Startup Weekend in 2012, uses big data to predict the outcomes of patent litigation. Both companies plan to use the $100,000 to hire more employees.