Arch Grants awards first $750k
The St. Louis region recently hit a business lottery, of sorts. Fifteen startup businesses recently won $50,000 in funding from Arch Grants, a global business plan competition, to set up shop in St. Louis and grow their businesses here. Local donors are funding this lottery to see the St. Louis economy boom.
Arch Grants business winner advises Christchurch
“Be open and transparent so that you can verify your ideas quickly,” Anton advised. “Too many businesses are secretive about their products and ideas not wanting to give away their Intellectual Property, only to find that when they launch, the idea was based on one or more flawed assumptions.”
Tech startups find a gung-ho reception in St. Louis
Included in the group is Food Essentials, which moved here from Chicago after winning an Arch Grants award. Dheeraj Patri, Food Essentials' chief operating officer, says his firm has been awed by the resources it found here.