A new funding program for Washington University in St. Louis-affiliated startups focuses on strengthening the St. Louis region.
The WashU Venture Network Follow-on Investments is a joint effort between WashU’s Skandalaris Center for Interdisciplinary Innovation and Entrepreneurship and the “In St. Louis, For St. Louis” initiative. It will award up to $150,000 each year to companies with WashU ties that previously have been awarded funding through Arch Grants, the local nonprofit that awards equity-free grants to startups. The goal is to support startups with a high probability of remaining in St. Louis after the grant period is complete.
“WashU’s commitment to our region includes investing in the remarkable talent we attract to St. Louis. We want to see more WashU entrepreneurs stay here, grow their businesses and contribute to a vibrant regional economy,” Chancellor Andrew D. Martin said. “By investing in the entrepreneurs who are generating jobs, we are supporting new pathways to economic mobility for people in our region.”
Full story: New support for WashU startups, St. Louis region – The Source – Washington University in St. Louis
