On September 15, 2016, UMSL Accelerate joined the Global EIR network and began taking applications for its international accelerator program, Gateway Accelerate. Today is the last day to apply, so if you are considering it, don’t wait.
The goal of this program is to contribute to St. Louis’s local economy and UMSL’s curricular and non-curricular offerings to its students by attracting talented entrepreneurs from around the world to relocate their business to St. Louis. There are numerous benefits to the program including assistance with cap-exempt H-1B visas applications, enrollment in a 12-week boot camp, access to discounted office space, network development, mentorship opportunities, and access to capital.
I’m excited to have a Global EIR state besides Colorado in the middle of the country. Missouri is our fourth state to go live following Massachusetts, Colorado, and Alaska. New York has a similar program, so let’s count them as five, even though they aren’t formally part of the Global EIR coalition. We’ve got another half a dozen states in different stages of launching, so look for more soon.
St. Louis has a great startup scene and a vibrant business community. I ran a marathon there several years ago with Matt Shobe and have several long time entrepreneurial friends there like Keith Alper. There are a number of accelerators in town, including Capital Innovators, Arch Grants, SixThirty, Standia, and The Yield Lab. Business growth over the last five years has been significant and 26 Fortune 1000 companies are headquartered in St. Louis across many industries including Express Scripts, Emerson Electric, Monsanto, Ameren, Sigma Aldrich, and SunEdison.
St. Louis is a good example of a vibrant city. Having stayed in a hotel in 2011 overlooking Cardinals stadium when they won the World Series, their fans definitely show up loud and proud. As I ran the marathon, I got a sense of the city, which felt healthy and diverse. With the help of the St. Louis Mosaic project, the city aims to have the fastest growing immigrant population in the U.S. by 2020.
Gateway Accelerate is a one of a kind program where 100% of its funding comes from local companies rather than the university. I hope more cities engage with immigrant entrepreneurs the way St. Louis has – it’s a great model.