New MO regional chamber fund creates $5 million in seed capital for startups
The St. Louis Regional Chamber is partnering with local venture capital firms and banks to offer $5 million in seed capital for startups to spur economic development. Joe Reagan, the chamber’s president and CEO, announced the new Spirit of St. Louis Fund I at the chamber’s annual event Thursday night at Chaifetz Arena. Reagan said […]
Firebrand Ventures partners with UMKC to cultivate entrepreneurs
Firebrand Ventures has partnered with the University of Missouri-Kansas City to help local startup entrepreneurs. As part of the agreement, the Kansas City-based fund will offer graduates of UMKC’s E-Scholars program an opportunity to receive an investment from Firebrand starting in 2017. Housed under UMKC’s Regnier Institute for Entrepreneurship and Innovation (RIEI), E-Scholars offers students […]
St. Louis venture fund. RiverVest Venture Partners, makes $15 million bet on its hometown
When RiverVest Venture Partners opened its doors in 2000, hopes were high that it would be an important funding source for St. Louis’ nascent biotechnology industry. RiverVest went on to be a highly successful venture capital firm, managing $290 million and demonstrating a knack for identifying health care startups that would later go public or […]
OSF HealthCare launches $75M fund to invest in health technology
The Peoria-based health system is the parent of Rockford’s OSF Saint Anthony Medical Center. In February, the health system activated OSF Ventures, a $75 million fund that invests in companies intent on developing medical technologies and applications to improve patient outcomes or reduce health care costs. Pulse Therapeutics, the St. Louis company, has developed a […]
UM curators approve fund to help Missouri startups pass through ‘valley of death’
The University of Missouri System wants to invest in entrepreneurs and startups, and it wants to cultivate that venture capital in Missouri. On Thursday, the UM System Board of Curators voted to allocate money from the university’s general pool — with a $5 million cap — to the Accelerator Fund, run by the Missouri Innovation Center […]
Mizzou student start-up lands $50K from local angels
Angel investors come from all backgrounds and industries, but Kansas City-based Knoda today announced it has received a $50,000 investment from a less likely angel group: students.
St.Louis University’s First Spinout, Antegrin Therapeutics, Gets Investment From BioGenerator
BioGenerator, the local nonprofit venture development group, announced Tuesday it will invest in Antegrin Therapeutics, a startup company that develops compounds to treat lung disease. Antegrin was founded based on science developed by researchers at St. Louis University and the Center for World Health & Medicine, the university’s center dedicated to the treatment of often […]
Coulter Foundation funds five University of Missouri translational research projects
In 2011, Coulter agreed to provide $200,000 in startup funds as well as $666,667 each year for five years, while MU kicks in $333,333 per year over the same period, totaling $5.2 million. Each research project this year will receive about $100,000. A Coulter awards ceremony will be held 10 a.m. Friday in the Great […]
REDI, a University of Missouri-partnered initiative, eyes new seed fund
A “huge issue,” MacLellan said, is establishing a seed fund to help startups. Often, entrepreneurs with ideas need a small amount of capital to test the viability of their idea before they can take it to the bank for a loan or raise investment capital. MacLellan said a fund that could provide seed money in […]
Coulter Translational Partnership Program guidelines (University of Missouri Example)
Example of expectations and selection criteria for Coulter Translational Partnership Program: