The Arch Grants startup competition received another big donation Tuesday, this one from Wexford Science & Technology, a lab-space developer from Baltimore.
Wexford announced the donation, which is enough to fund two year-long $50,000 grants - at an event Tuesday morning downtown. The company has developed biotech and medical lab space at the Bio Research and Development Growth Park in Creve Coeur and has a building under construction at CORTEX in the Central West End.
“The innovation community is well aware of the vital role St. Louis plays in areas such as healthcare, life sciences and biotechnology," said Dan Cramer, Wexford's executive vice president. “We are delighted to be part of this innovation and entrepreneurial spirit and the impact it has on St. Louis.”
The Arch Grants program, which offers $50,000 one-year grants to startups to locate in St. Louis, launched last year with 15 companies. It is in the process of selecting a new round of recipients from more than 700 applications.
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