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BioSTL

From EverybodyWiki Bios & Wiki




BioSTL is a registered 501(c)(3) non-profit based in St. Louis, Missouri. Founded as the St. Louis Coalition for Plant and Life Sciences [1] in 2001, the organization was renamed BioSTL in 2011. Washington University in St. Louis, BJC HealthCare, and the St. Louis Life Sciences Project committed $30 million to create a bioscience ecosystem in St. Louis[2] that capitalized on university research, developed new businesses, and commercialized new products.

Overview

BioSTL is a backbone organization[3] for St. Louis’ innovation and startup community. It invests in startups, coaches entrepreneurs, recruits international companies, builds physical infrastructure, and provides programs to build a diverse and inclusive workforce.

Leadership

Donn Rubin has served as President & CEO of BioSTL since its establishment in 2011. BioSTL Founding Chairman Dr. William H. Danforth III[4] and Chairman of the Board John McDonnell convene a coalition[5] of academic, civic, philanthropic, and scientific leaders that guide research and entrepreneurship[6], economic development, and commercial ventures.

Activities

BioSTL and its initiatives provide grants, investments, and training, summarized below.

BioGenerator

The investment arm[7] of BioSTL creates, grows, and invests in new companies and entrepreneurs[8]. BioGenerator recruits and advises leadership teams; makes staged investments grounded in due diligence; and provides access to the BioGenerator wet lab space and research equipment.

GlobalSTL

BioSTL’s international initiative[9] recruits companies that benefit local industries in food/agriculture technology[10] and health care, cyber security, and financial and industrial technologies. It aims to give local companies access to global technology.[11]

The annual GlobalSTL Health Innovation Summit brings international digital health care companies to St. Louis to connect with customers in the industries of health care systems, payers, and pharmacy benefit management.[12][13]

Inclusion

BioSTL’s Inclusion Initiative programming promotes equity and inclusion[14] by providing women and minority entrepreneurs a systematic pathway for creating new ventures. With funding from the Ewing Marion Kauffmann Foundation, BioSTL’s Inclusion Initiative also aligns partner organizations to build systems of race and gender equity within St. Louis’ tech-based entrepreneurship ecosystem.[15]

Entrepreneur Development

BioSTL’s programming for entrepreneurs[16] provides business learning experiences, including entrepreneurial coaching and resources for company founders from both academic and industrial communities. There is no cost for participants. Entrepreneurs learn to create a business and financial model; recognize, recruit, and retain talent for a company; incorporate and register a business; and compete for national grants.

Capital Attraction

BioSTL grows seed and venture capital accessible to startups in the St. Louis region.[17] The organization assists in the creation of new local funds and recruits new investor groups both nationally and internationally. BioSTL also connects startups to potential investors and provides fundraising training so that entrepreneurs can apply for venture capital and federal grants.

Public Policy

BioSTL co-founded the Innovation Advocacy Council[18], a group of technology-based economic development organizations that advocates for public policies that are friendly to science, technology, innovation, and entrepreneurship.

History

In 2001 William H. Danforth III[19], who served as Chancellor of Washington University in St. Louis from 1971 through 1995, founded the Coalition for Plant and Life Sciences (called BioSTL as of 2011). Danforth assembled leaders[20] within academia, business, and philanthropy, to expand the St. Louis innovation economy[21] including commercialization, startup creation, investment capital, trained entrepreneurs, physical infrastructure, and public policy.[22][23]

In 2002, Danforth convened the leaders of Washington University in St. Louis, Saint Louis University, University of Missouri - St. Louis, and BJC HealthCare to establish and assemble resources to launch innovation activity, which resulted in the Cortex Innovation Community.[24][25]

BioGenerator, BioSTL’s investment arm, was launched in 2003 to facilitate investable bioscience startups.[26][27] In 2010, BioGenerator Labs opened a shared wet research lab space[28] for bioscience innovators to prove and develop their concepts.

Later, BioSTL added initiatives in diversity, equity and inclusion, as well as global connectedness. GlobalSTL seeks to bring competitive advantage to St. Louis companies, especially those in the fields of health care, agriculture, financial tech, and cyber security.[29]

In 2011, John F. McDonnell, who led the establishment and growth of BioGenerator from its beginning, succeeded Danforth as Chairman of BioSTL and the BioSTL Coalition of regional leaders.

External links

BioSTL homepage

BioGenerator homepage

GlobalSTL homepage

References

  1. ↑ Gustin, Georgina. "New coalition to champion biosciences announces $30 million boost". stltoday.com. Retrieved 2019-01-14.
  2. ↑ "How BioSTL developed a 20-year plan to boost St. Louis' biotech industry". VentureBeat. 2017-11-21. Retrieved 2019-01-14.
  3. ↑ "Building Strong Clusters for Strong Urban Economies" (PDF). icic.org. Retrieved 2019-01-14.
  4. ↑ "William H. Danforth – Washington University in St. Louis". wustl.edu. Retrieved 2019-01-14.
  5. ↑ Mack, Mary (2017-02-27). "Conceiving Cortex: Cortex Special Feature, Chapter 1, 2000-2002". Entrepreneur Quarterly (EQ). Retrieved 2019-01-14.
  6. ↑ Stangler, Dane. "From Ingredients to Recipe: Startup Ecosystems and Collaboration". Forbes. Retrieved 2019-01-14.
  7. ↑ Feldt, Brian. "BioGenerator named one of best practices in the Americas". www.bizjournals.com. Retrieved 2019-01-14.
  8. ↑ "Signs of Competitiveness in the Americas 2013 | Competitiveness | Infrastructure". Scribd. Retrieved 2019-01-14.
  9. ↑ Gootman, Rachel Barker and Marek (2017-05-05). "In St. Louis, finding a path to success for an American Middleweight in the global economy". Brookings. Retrieved 2019-01-14.
  10. ↑ Stangler, Dane; Tomkins-Bergh, Colin (2016-06-12). "This midwestern city is suddenly a startup boomtown". Washington Monthly. June/July/August 2016. ISSN 0043-0633. Retrieved 2019-01-14.
  11. ↑ Gootman, Rachel Barker and Marek (2017-05-05). "In St. Louis, finding a path to success for an American Middleweight in the global economy". Brookings. Retrieved 2019-01-14.
  12. ↑ "Meet me in St. Louis to do some business". Israel21c. Retrieved 2019-01-14.
  13. ↑ "Great matchmaking! - Israel News - Jerusalem Post". www.jpost.com. Retrieved 2019-01-14.
  14. ↑ "Closing the Gender Gap in Patenting, Innovation, and Commercialization: Programs Promoting Equity and Inclusion". Institute for Women's Policy Research. Retrieved 2019-04-17.
  15. ↑ "Closing the Gender Gap in Patenting, Innovation, and Commercialization: Programs Promoting Equity and Inclusion". Institute for Women's Policy Research. Retrieved 2019-01-14.
  16. ↑ Stangler, Dane; Tomkins-Bergh, Colin (2016-06-12). "This midwestern city is suddenly a startup boomtown". Washington Monthly. June/July/August 2016. ISSN 0043-0633. Retrieved 2019-04-17.
  17. ↑ Nicklaus, David. "Nicklaus: Biotech firm's sale validates St. Louis' post-Pfizer strategy". stltoday.com. Retrieved 2019-04-17.
  18. ↑ "Federal Policy | SSTI". ssti.org. Retrieved 2019-04-17.
  19. ↑ "William H. Danforth – Washington University in St. Louis". wustl.edu. Retrieved 2019-01-04.
  20. ↑ Stangler, Dane. "From Ingredients to Recipe: Startup Ecosystems and Collaboration". Forbes. Retrieved 2019-04-17.
  21. ↑ Steiner, Christopher. "The Right Way To Build A Tech City". Forbes. Retrieved 2019-01-14.
  22. ↑ Stangler, Dane. "From Ingredients to Recipe: Startup Ecosystems and Collaboration". Forbes. Retrieved 2019-01-04.
  23. ↑ "Building Strong Clusters for Strong Urban Economies" (PDF). icic.org. Retrieved 2019-01-14.
  24. ↑ "Rethinking Cluster Initiatives" (PDF). www.brookings.edu. Retrieved 2019-01-14.
  25. ↑ Mack, Mary (2017-02-27). "Conceiving Cortex: Cortex Special Feature, Chapter 1, 2000-2002". Entrepreneur Quarterly (EQ). Retrieved 2019-01-14.
  26. ↑ Nicklaus, David. "Nicklaus: Biotech firm's sale validates St. Louis' post-Pfizer strategy". stltoday.com. Retrieved 2019-01-04.
  27. ↑ http://riacnet.org/archivos/nuevo/informe_2013_eng%20(1).pdf
  28. ↑ Steiner, Christopher. "The Right Way To Build A Tech City". Forbes. Retrieved 2019-01-04.
  29. ↑ Ellis, Christie. "BioSTL seeks to close the 'awareness gap' by bringing global health care entrepreneurs to St. Louis". stltoday.com. Retrieved 2019-01-14.

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