ST. LOUIS (KTVI) – Building a bright future for St. Louis based companies, thanks to the “Start-Up” challenge.
Most people know the stories to World Wide Technologies, Anheuser-Busch, and Express Scripts. All are Fortune 500 companies that help define St. Louis, but what about the next generation.
You may have heard of Lockerdome and Bonfyre, both St. Louis based companies that started in the area thanks to the start up challenge. But the most profitable according to the marketing director to start up connections is Yur Buds.
Yur Buds is now doing business internationally thanks to a grant from Start Up.
25-percent of startup companies typically make it according to Denny Coleman, who’s the CEO of the Economic Development Partnership.
Some companies don’t mind staying small especially here in St. Louis where loyal locals enjoy supporting home grown ideas. But there is a need for more investors according to the marketing director so start-ups have a better chance at building big business for St. Louis' next generation.
The first place winner was Nanopore Diagnostics; they received 50-thousand dollars and in-kind services from sponsors. Nanopore is developing a 30 minute test for diagnosing bacterial infections.