Jonathan T.Z. Chen, a 2008 Olin Business School graduate and co-founder and chief operating officer of MedPreps LLC, was among those attending a news conference at St. Louis City Hall. The conference introduced the 15 winning companies of the Arch Grants, a global business plan competition providing $50,000 grants to startups.
Chen is among the 11 Washington University–affiliated entrepreneurs to win the $750,000 in inaugural funding from Arch Grants. The funding is intended to help the businesses grow and create a more robust startup culture and infrastructure in St. Louis.
St. Louis Mayor Francis Slay participated in the June 25, 2012, news conference, offering the city’s support. In its inaugural year, the competition attracted 420 applicants from 12 countries.
For more information, visit Washington University Newsroom.