Arch Grants Startup Competition Increases Equity-Free Grant Funding Awards to $75,000
EQ IQ- < 1 Min Read
433 Views- Visitors
In order to offer transparency into how our stories are produced and to teach our readers about the importance of media literacy online, EQ's editorial team provides a quick self-rating of the integrity of the articles and the facts presented against the following EQ IQ metrics.
- Published on February 9, 2022
- Last Updated February 24, 2022
- In Press Release
Arch Grants to Award $100,000 to Companies Relocating to St. Louis
Arch Grants is increasing its annual non-dilutive grants awarded to early-stage businesses from $50,000 to $75,000 ahead of the launch of its 2022 Startup Competition and plans to award around 20 grants later this year. Funding for companies that relocate their business from another state to St. Louis has also increased from $10,000 to $25,000 in 2022, which means that, in effect, companies that if you relocate your startup to St. Louis through Arch Grants’ annual Startup Competition, you’d be eligible for a $100,000 grant.
“This significant increase in our funding of extraordinary entrepreneurs will ensure St. Louis continues to stand out as an attractive place for early-stage companies to grow,” said Gabe Angieri, Arch Grants’ Director of Development and Strategy in a press release. “Arch Grants is committed to building upon the success we have had to date in driving economic growth for this region, and this is just the latest exciting step in advancing our vision for sustained and long-term regional growth through entrepreneurship and innovation.”
“We’re excited to take this dramatic step to increase the size of grants for local awardees to $75,000, and for out-of-state awardees to $100,000,” added Jerry Schlichter, Arch Grants’ Board Chair. “We’re confident that this increase, along with the possibility of an additional follow-on Growth Grant of $100,000 in non-dilutive capital, will attract even more highly talented entrepreneurs to St. Louis.”
Applications for the 2022 Startup Competition will be accepted from March 18 until April 15. Sign up today at www.archgrants.org/competition to receive Competition information and reminders.