Downtown Business Incubating Start Up Companies

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ST. LOUIS, MO. (KTVI) – Richard Buell understands the business world.
'I'm a serial entrepreneur,' says Richard Buell the COO of Time to Cater

His company, time to cater, is a concierge catering business that's getting Google's attention.

'We remove all the headaches of chasing down the caterers, worrying about what`s going to be ordered,' says Buell.  'So we have a preferred network throughout the nation.'

Time to Cater is one of about 55 start-ups filling up the 12th and 13th floors of the Railway Exchange Building.

It`s called T-Rex, or the regional entrepreneur exchange, and it's housed here in what was once one of first skyscrapers in St. Louis.

'Companies will learn how to properly give an elevator pitch, how to do an investor pitch, how to ask for money.  We'll have speakers come in and talk about a variety of topics from how to get your first customers to what's the role of the CEO,' says Matt Menietti the Director of Operations Capitol Innovators.

Many of the start-ups will go through the Capital Innovators Accelerator Program, a 12 week plan that provides 50-thousand dollars in seed funding in exchange for equity.

The groups get to work with one another and mentors to help them achieve success.

'Having a contained space you end up increasing the number of connections, I call them collisions, that you have with the creative types but also people who are software developers or folks who understand business and operations,' says Menietti.

'To come in and see another company doing the same thing at 10 or midnight at night and talk about the war stories of what's going on,' says Ed Spinaio, a partner with  Time To Cater.  'That's huge.'

And the kinds of thinking that could lead to big business for some small start-ups.

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