Arch Grants recently announced its latest cohort of awardees, and once again, Washington University had a strong showing among the selected startups. Of the eleven business awarded $50,000 capital funding grants, four have direct ties to the university.
Two vastly different but innovative business startups with direct ties to Washington University, Applied Particle Technology and Invisible Girlfriend, have been awarded $50,000 in extra capital funding thank Arch Grants. The grants provide equity-free cash awards and free support services to startups willing to headquarter their businesses in St. Louis.
Interdisciplinary student teams presented innovations designed to solve problems in health care at IDEA Labs’ Demo Day last month. Engineering student Matthew Burkhardt (seated) won a summer internship through the university’s Skandalaris Center to continue developing his team’s invention. His teammates are (from left) Yuni Teh, Katrina Leyden, Adina Stoica and Elizabeth Rosenberg.
Jonathan T.Z Chen, a 2008 Olin Business School graduate and co-founder and chief operating officer of MedPreps LLC, gives a thumbs-up after his company won a $50,000 Arch Grant. Chen is among 11 Washington University-affiliated entrepreneurs to win one of the inaugural grants designed to boost startups.
Eleven Washington University in St. Louis-affiliated entrepreneurs are among the winners of $750,000 in inaugural grants from Arch Grants, the global business plan competition providing $50,000 grants to startups and taking no equity in return. The 11 WUSTL-affiliated winners comprise five alumni, four faculty members and two students.