AeroValve, a startup commercializing an energy-efficient air valve technology used in manufacturing, received a $50,000 investment from St. Louis County's Helix Fund, bringing the company's seed funding up to $400,000.
The St. Louis entrepreneurial ecosystem received another boost with the June opening of the Helix Center Biotech Incubator. Catering to start-ups in bioscience and technology, the new Helix Center will help scientists and entrepreneurs move from the laboratory to the marketplace in a structured and supportive environment.
The facility, located in the heart of the region's growing bioscience innovation hub near the Danforth Plant Science Center and Monsanto, is the fifth business and technology incubator owned and operated by the St. Louis County Economic Council.
With the sounds of drills and hammers ringing in the background, it doesn't take long to realize that the Helix Center Biotech Incubator is still a work in progress. The construction debris everywhere is another big clue.
In recent years, St. Louis has become a hot bed for startup companies of all makes and sizes. Whether they are focused on technology, Internet applications or, in one case, brain-boosting energy drinks, local startups are making themselves known in their markets.
Construction at the $7.5 million Helix Center in Creve Coeur is slated for completion by the end of May, and the life science incubator for early-stage firms should be open by early summer, said Beth Noonan
The Danforth Center and BRDG Park’s placement at the epicenter of the burgeoning plant and life science ‘node’ in St. Louis County will soon be strengthened further with the opening of the Helix Center Biotech Incubator just west of the Center’s campus this summer.