Arch Grants has awarded 10 new $50,000 non-equity grants to startups from across the world, including seven based in the St. Louis-area.
The organization will make a formal announcement tonight at its annual gala.
The 10 startups are:
- Accelerate Wind (Netherlands)
- Exit 7C (Milwaukee)
- Ilerasoft (Houston)
- OfCourse Schedudling (St. Louis)
- Magnatone (St. Louis)
- nanoMetallix (St. Louis)
- Pro-Arc Diagnostic (St. Louis)
- Riley’s Organics (St. Louis)
- SafeTrek (St. Louis)
- SensrTrx (St. Louis)
Arch Grants, led by Executive Director Ginger Imster, has now doled out non-dilutive grants totaling more than $5 million to 96 startups. Those companies have gone on to generate nearly $50 million in revenue, create more than 300 jobs and raise more than $100 million from investors in follow-on capital.
Read more: St. Louis Business Journal
Update: Nov. 4 at 1 p.m.
This story was updated to include the names of the 10 startups selected as part of the new Arch Grants cohort.