Inaugural Winners of Arch Grants Include Online Startup Magazine and "The Hulu of Foreign TV"
|In St. Louis, Russian TV comes to you.|
Among this first class of winners is IDC Projects, a company that makes location-based social games for mobile phones; Techli, an online news magazine for digital startups; and Iveria, a company that plans to deliver streams of foreign television shows to immigrants in America -- it currently offers unlimited access to Georgian and Russian TV for an introductory rate of $19.99, which is an exciting deal if you're a fan of Russian pop videos -- and you should be.
More than 420 companies competed for the grants this year. What's most interesting about the winning class is the number of companies that have St. Louis roots. Saturnis was founded by a pair of Washington University grads (their company will produce transportation fuels from biomass), Pharos Scientific is headed by Dr. Zhilin Hu, a Wash. U. research professor, and MedPreps and IDC Projects are both led by native St. Louisans who returned home to grow their companies. Based on this early (and admittedly small sample size), it appears that Arch Grants is already reaping dividends socially and economically for St. Louis.