First WashU Venture Network Follow-on Investments awarded
Three St. Louis startups received $50,000 each during the WashU Innovation and Entrepreneurship Awards April 17, the first funds distributed by the WashU Venture Network Follow-on Investments. The joint effort between WashU’s Skandalaris Center for Interdisciplinary Innovation and Entrepreneurship and the “In St. Louis, For St. Louis” Initiative awards up to $150,000 each year to companies with WashU ties that previously have won 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.