Global Entrepreneurs Win $1 Million Along with Free Support Services
Arch Grants, the global business startup competition that provides $50,000 non-dilutive grants to early stage ventures, announces the 2013 Global Startup Competition winners. Arch Grants created the competition to help grow businesses and create a more robust entrepreneurial culture and infrastructure in St. Louis.
“The Arch Grants winners are the best of a terrific group, and are exciting young companies,” said Jerry Schlichter, Co-Founder and President of Arch Grants. “Arch Grants’ vision has become a reality. We are building an entrepreneurial ecosystem and have great partners who through their support of Arch Grants, have put St. Louis on the international map as a great place for entrepreneurs.”
This year’s competition attracted 707 applicants from 15 countries and 40 states. The 20 grant recipients will receive $50,000 each in funding and free support services. Starting in July, the out-of-town companies will relocate to St. Louis and begin immersing themselves into the entrepreneurial community.
“Our firm is pleased to support Arch Grants. As small business investors ourselves, we know the impact that young growing companies can have on a community’s economy and vitality. We’re proud to be a contributor, and we congratulate these dynamic firms,” said Jonathan Goldstein, Managing Director at Advantage Capital Partners, a sponsor of Arch Grants.
“We commend Arch Grants for recognizing the importance of entrepreneurship to the growth and advancement of St. Louis,” said Alana Muller, president of Kauffman FastTrac®.
The 2013 Arch Grants Global Startup Competition Winners:
Adarza BioSystems, Inc.
Code Red Education
Easytork Automation Corporation
Rockhound Boring Products
Arch Grants has raised $3.3 million since its inception in 2011. The first round of Arch Grants winners created 65 jobs, generated $1,832,452 in revenue and raised $1,634,000 in capital funding, all since last June.
“We appreciate all applicants that were a part of this competition,” said Sarah Spear, Executive Director of Arch Grants. “We are beyond thrilled with the number of applicants this year. St. Louis is becoming a prominent place for entrepreneurs from around the globe to start their business.”
About Arch Grants
Arch Grants is the global startup competition providing $50,000 non-dilutive grants to early stage ventures. Its mission is to create an entrepreneurial culture and infrastructure to build successful companies in St. Louis.
Learn More: http://www.archgrants.org
SOURCE: Arch Grants