One local entrepreneur, Joe Fischer, recently was awarded a startup grant by Arch Grants.
Fischer, a Washington native, is the founder and CEO of greetabl — a fun and memorable way to connect with the important people by sharing thoughtful gifts with a personal note.
He will receive a $50,000 grant, as well as free legal and accounting services, additional networking and mentoring opportunities, and direct access to St. Louis-based angel investors.
His product, a greeting card that folds into a gift box, is American made and being manufactured at The Chest in Washington.
The cards also can be purchased at Fern & Sycamore in Downtown Washington, or online at greetabl.com.
“We’re excited by the vision, execution and most importantly, the leaders of this year’s class of companies,” said Jerry Schlichter, founder and board president of Arch Grants.
“These firms will help reinforce the message that St. Louis is a globally competitive city and an attractive destination for top business talent,” he said. “We look forward to continuing to assist these entrepreneurs in growing their businesses.”
Since 2012, Arch Grants (ArchGrants.org) has awarded more than $1.9 million in funding to 35 companies – 32 of which are still operating, while one (Obsorb) was acquired – leading to $6.5 million in revenue, $17.7 million in addition capital raised, and 192 net new jobs.
Over 90 volunteers evaluated hundreds of applicants through two preliminary rounds of evaluation.
Ultimately, 46 companies were invited to compete in the final round of the competition. Two separate panels of St. Louis leaders grilled the finalists on their business models during Finalist Weekend in April.
The Arch Grants Board then selected 20 grant recipients based on extensive feedback from the judges, and factors such as scalability, financial viability and the progress of the concepts’ prototype or minimal product.