General Questions +
General questions about the Arch Grants Global Startup Competition.
Why should I enter the Arch Grants Global Startup Competition?
Arch Grants is not only a source of equity-free funding for startups, but an opportunity to root your business within a growing entrepreneurial hub surrounded by mentors, supporters, and innovative collaborators. Arch Grants Companies receive $50,000 and a host of support services to grow their business. Our startups are seen as the top notch, early-stage, scalable and innovative companies in the region.
How is Arch Grants different from angel investors and venture capital firms?
Arch Grants not only seeks to fund startups that can enhance the economic development, but also the overall entrepreneurial vibrancy of the St. Louis community. The Arch Grants competition attracts and retains entrepreneurs world-wide to locate in St. Louis and believes the enhancement in the entrepreneurial culture provides immeasurable equity. Thus, Arch Grants, as a non-profit and St. Louis community ambassador, does not take an equity stake in the companies in which they award investments. In addition to monetary investments, Arch Grants provides a host of support services and access to top business minds, all free to the company.
Does Arch Grants take equity in the companies that receive the awards?
No, Arch Grants are truly grants. No equity stake is taken in the companies receiving our grants.
If I am selected for the Arch Grants program, what will I need to agree to?
Arch Grants Founders have five primary obligations to which they must agree in order to receive the grant:
- Locate or relocate the business with significant operations or headquarters in the City of St. Louis for at least one year.
- Commit at least 51% of full-time founding team, or one full-time founder and 51% of the full-time staff, to St. Louis for the year-long program.
- Establish operation in downtown St. Louis, or secure a membership to a downtown St. Louis co-working space during the year-long program.
- Dedicate approximately 8 hours of service to Arch Grants and 8 hours of service to St. Louis per quarter.
- Provide Arch Grants with data regarding jobs created, revenue generated, and follow-on capital attracted. We will collect this information biannually as long as the business is in operation (and regardless of location in St. Louis).
What is the track record of Arch Grants Companies?
Arch Grants has funded 154 companies since our first competition in 2012. 125 of these companies are still in operation, with about 90% of those choosing to maintain operations in St. Louis. Of the companies that are no longer in business, several of those founders went on to start their second companies in St. Louis! Collectively, Arch Grants Recipients have created over 1,800 jobs, generated over $273 million in revenue, and attracted over $239 million in follow-on capital.
Why does Arch Grants exist?
Arch Grants’ mission is to advance economic development in the St. Louis region by attracting and retaining innovative entrepreneurs. Arch Grants accelerates economic development and community revitalization through entrepreneurship and philanthropy. This program is an aggressive effort to inspire the next generation of employers, civic leaders, and philanthropists in St. Louis.
How is Arch Grants funded?
Arch Grants has no source of sustained funding or recurring revenue. As a result, we rely on the generosity of numerous individuals, corporations, and foundations to to fund both competition grants and operations.
Can I speak to an Arch Grant Recipient about his or her experience in St. Louis?
If you would like to speak to someone about his or her personal experience moving to St. Louis, please email Julie Maurer. We will do our best to connect you to someone within our community who can answer specific questions you have about our region.
Competition and Format +
Questions regarding the competition and it's format.
When does the competition take place?
Arch Grants accepts applications on an annual basis. Deadlines are listed below. Applicants can expect to hear from staff regarding their application status within two months after the deadline.
What are the important dates in the Arch Grants Global Startup Competition?
May 15th, 2020: Applications Open
July 1st, 2020: Applications Close
What is the 2020 selection process?
Application Round 1:
- After the May 15th deadline, your application is assigned to 5-10 preliminary judges who are hand-picked by the Arch Grants staff based on industry experience, expertise in the stage of your company, or other relevant qualities.
- The application and feedback from these judges is reviewed by the Arch Grants Competition Committee who select a group to of applicants that proceed to the Finalist Round
- Around 40 companies are invited to the Finalist Round. The pitches are evaluated by our our Competition Committee, a group of dedicated community members who represent a diverse range of experiences from venture capital, corporate start-up entrepreneurs, and everything in between. The committee will base their decisions on the strength of the opportunity, scalability, the impact on the St. Louis community (economically, culturally, and otherwise) as well as the skills, assets, and value added by the management team.
Arch Grants Recipients will be selected in September, required to be in St. Louis in mid-October and publicly announced at our annual Gala fundraiser in November.
Who are the judges?
We have had over 1,000 individuals volunteer as judges throughout our process since 2012. A non-comprehensive list of individuals that have served on our Competition Committee can be found under the Competition Committee drop-down section.
How will I know if I made it to the next step? Will I be notified if I do not advance?
All submissions will receive notification of their outcome. Those chosen to proceed to the next step will receive specific instructions for that next step.
Will entrepreneurs know who their judges will be?
Applicants will not be informed of their judges unless they are selected to pitch at the finalist round. Finalist Pitch Day judges are selected from the Competition Committee.
What is Finalist Pitch Day?
Finalist Pitch Day is a time in which finalists in the Arch Grants Global Startup Competition are invited to St. Louis to pitch their business for final consideration for a grant. During these days, finalists will have the opportunity to meet with our esteemed group of venture capital and angel investment professionals on the Competition Committee, network with previous Arch Grants Companies, and receive some additional amenities available only to finalists.
Are the Finalist Pitches open to the public?
No, this component is not open to the public. Your audience may be comprised of judges, Arch Grants board and staff, and limited individuals present at the request of Arch Grants. You may invite additional team members to your specific session but you will not be allowed to observe other startups’ sessions.
How are the live pitches structured during the Finalist Pitch Days?
You should utilize a slide deck for your presentation, and will have an audience of about 20 individuals. Each applicant will be allotted 20 minutes in total: we strongly suggest a 12-minute pitch and the rest of the time for Q&A.
How will Arch Grants protect the materials submitted in the competition?
Arch Grants limits access to applicants’ submitted information to its staff, due diligence team, competition committee, judges, and board of directors. In addition, reasonable steps are taken to limit access to these documents. The judges of Arch Grants’ startup competition are seasoned professionals accustomed to dealing with confidential materials on a regular basis.
However, there will be no confidentiality obligation by any recipient of the documents submitted for the competition for information contained therein. We ask that you not share in your application any information you feel to be highly confidential in nature.
Competition Eligibility +
Questions regarding the eligibility of competition.
What kind of startup may apply?
For-profit startups from every industry are invited to apply. Particular attention will be given to the scalability of the ventures. Startups should demonstrate a plan to reach national or international impact. Additionally, we like to see some progress against the concept (e.g.; a prototype, minimum viable product, etc.). Startups planning to scale and remain in the St. Louis region are encouraged to apply.
How do you define startup?
We do not place a limit on the length of time your startup has operated or how much outside funding you have received prior to applying. We award equity free startup grants to businesses still in their early stages where the $50,000 and corresponding support services will make a significant impact.
What industries or markets does Arch Grants focus on?
Arch Grants does not have specific tracks, markets, or industries we focus on.
Past companies have been in the following industries:
Business to Business Products
Business to Business Services
Logistics and Transportation
What criteria will you use to decide which companies will receive the grants?
As the committee and community judges review applications, they will consider: the innovation of the product, technology or service; the scalability of the business model; the total impact (including sales, social value, impact on users, partners, etc.); and the qualities of the entrepreneur or entrepreneurial team – their level of talent, diversity, and qualities which are value additive to the company and overall community.
Is there a maximum or minimum allowable team size?
There is no limit on team size, though winning teams of any size will receive $50,000. 51% of the founding team or 1 founder and 51% of the staff will be required to work and live full time in the City of St. Louis for one year.
May nonprofits apply?
No, Arch Grants will not consider applications submitted by nonprofits, although social ventures are encouraged to apply.
Does it matter how old I am?
No, but if you are under 18, you will need parental permission to participate. In addition, Arch Grants recipients are required to have at least 51% of the founding team or one full-time founder wit 51% of staff working and living in the City of St. Louis during the year-long incubation period.
Does it matter where I am from?
Nope! Whether you are from Missouri, Montana, or Monte Negro, you are eligible to apply to the Global Startup Competition. All Recipients must be able and willing to locate their business in St. Louis for a period of at least one year, however.
I am not a U.S. Citizen. May I still apply?
Yes, this is a global startup competition and Arch Grants will facilitate the visa application process for you, if you are eligible. We successfully relocated simMachines from Costa Rica; Wondermento and Tallyfy from London; and Lifepack from Colombia. We have immigration attorneys willing and able to donate time and service to get you to St. Louis!
My business is not located in St. Louis. Can I still enter the competition?
Yes. Businesses around the world are invited to apply to the competition as long as you are able to move your business to the St. Louis region for the year in which you are receiving funding (and we hope long-after that as well).
If I am selected for the grant, when do I need to locate to St. Louis?
If you are selected as an Arch Grants Recipient, you will need to be located in St. Louis, full-time, in late October. Exact dates will be sent to you with your offer to become an Arch Grants recipient.
Will you fund competitive companies?
Although we aim not to, we may fund companies that compete in some capacity. This is inevitable, and we will look to support each company equally.
Are multiple applications allowed per person?
Arch Grants encourages applicants to apply using their most compelling business idea. However, if you believe you are on the founding team of more than one startup that should be considered in the competition, this allowable, but simply needs to be disclosed in the application.
May I submit someone else’s business idea?
Submissions must be your original idea or you must have written consent to submit an idea originally generated by another person. This must be disclosed in the application.
Must entrants disclose any funding already received?
Yes, applicants are required to disclose all sources of funding already received and/or committed, when asked.
Is anyone ineligible?
Yes, staff and board members of Arch Grants and their immediate family members (spouse, child, parent, sibling) are ineligible to apply for to the Arch Grants Global Startup Competition.
Entering the Competition +
Questions about entering the competition.
How do I update my entry?
If your startup hits significant milestones that were NOT included in your original application, please let us know by updating our Competition Manager, Julie Maurer. As an example, releasing your beta product is a significant milestone we’d want to know about; recasting your financials for year five is not. We will amend your original application with these updates so they are taken into consideration by our judges.
What do I have to do to enter the competition?
Login to SurveyMonkey Apply to access the Application.
What should be included in the Pitch Deck?
If you are selected for the final round of the competition, get creative and cover the following topics:
- What is the mission or vision of the organization?
- How does this business create and capture value?
- What is the product, service, or technology, and how is it innovative?
- Why is this unique or different, and why does it matter?
- What is the business model, and how is it scalable?
- What is the customer acquisition or marketing strategy? Who is the target market and how many people are in it?
- Who are the competitors and what are the barriers to entry? Where would the business fit in the marketplace?
- Who is on the management team? What expertise or characteristics do they have in order to run this business?
- How has the business been validated?
- What are the financial projections? What are the projected costs and revenues?
- Why would this business be of benefit to St. Louis?
- How does the business intend to utilize the grant funding?
In the Pitch Deck, do not share personally confidential information; do not make a financial offering; do not include previous fundraising information; do not include any company valuation information.
I am not a U.S. citizen and I do not have a social security number. Is that a problem?
That is not a problem. You will be asked for other identifying information if you are selected to be a finalist. You will also be asked to provide references.
Program and Incubation +
Questions regarding the Arch Grants program and it's incubation for startups.
How will the grant award money be distributed?
There are five disbursements of the grant throughout the course of the year long program. Arch Grants Founders are required to provide basic reporting information to Arch Grants on an ongoing basis, so long as the business is in operation. This information helps us track how our businesses do in the long run. We do not ask for proprietary information or trade secrets.
How do you measure a startup’s progress?
Each startup reports data via semi-annual reports submitted to Arch Grants before additional disbursements are made. We track such things as jobs created, revenue generated, contracts closed, patents applied for/accepted, and capital attracted (private, public and federal funds).
Will Arch Grants provide guidance to companies as they relocate to St. Louis?
Yes. Beyond the existing support with moving a business to St. Louis, Arch Grants will provide support with finding housing, social-networks and activities, cultural connections, and a sounding board for other questions or requests. Note that Arch Grants does not provide housing, but can help connect you to companies, services, and venues by which to find the right place for you and your staff.
How can we get funding during and after our year with Arch Grants?
Arch Grants does not want to be the sole source of funding and works hard to connect entrepreneurs with a strong network of investors, venture capital firms, and private investors here in the community. $50,000 can only go so far. Whether through working in the same building, through social events, or through direct introductions, Arch Grants aims to help you find funding as soon as you arrive in St. Louis (if you are raising money). Since 2012, Arch Grants companies have gone on to raise over $200 million in follow-on capital!
Aside from money, are there additional perks to being an Arch Grants Recipient?
Yes! In addition to monetary awards, Arch Grants Recipients receive:
- Pro-bono services in the following areas: accounting, legal, marketing & communications, financial consulting, banking consulting and services, information technology consulting and web hosting, human resources, and payroll services.
- Access to venture capital and angel investment networks.
- Professional and high level business mentorship.
- Personal introductions to strategic business leaders.
- Social support and community integration services.
- Inclusion as part of a community of innovative entrepreneurs.
What co-working spaces are available in Downtown St. Louis?
As an Arch Grant Recipient, you are required to have a membership that would give you access to a Downtown St. Louis co-working space or incubator.
Here are the outstanding co-working spaces located in Downtown St. Louis:
How will you know where a startup is located?
Startups may be asked to provide proof of their business location. This may take the form of a lease agreement or other business license.
How do you ensure that a recipient does not skip town with the cash?
To ensure the funds are used for their intended purpose, we require you to sign a Comprehensive Grant Agreement before formally becoming an Arch Grants Recipient.
How is Arch Grants different from a regular accelerator?
Arch Grants is not your average accelerator. We are a 12 month long program with a geographic focus, requiring our participants to commit to growing their business in St. Louis – living and working full time – for a full year. We are committed to economic development, not return on investment, and believe that our best chance to impact the economy of the St. Louis region for the better is to bring innovative entrepreneurs and startups here and support them as they grow. We do not take equity in your company and we are not involved in the operations of your business. Because our program is longer than a typical accelerator, we tend to take a more reaction approach with our portfolio companies – we are as involved as you ask us to be. Arch Grants is committed to fueling our growing St. Louis ecosystem with engaging and innovative entrepreneurs, in addition to businesses, so our program places a stronger emphasis than most accelerators on the people behind the business.