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H2startups in st louis a thriving scene with a rich history of innovationh2pbrppst louis missouri has a long tradition of producing successful startups and established companies dating back to the late 19th and early 20th centuries today the city is home to a thriving tech scene with numerous startups and established tech companies headquartered in the areappbrph2geography and demographics st louis missourih2pbrppst louis is located along the mississippi river in the midwestern united states with just over 300000 people the metropolitan area is home to over 28 million people making it one of the largest metropolitan areas in the countryppbrph2historical innovation univac ih2pbrppst louis is known for developing the first commercial computer univac i developed by j presper eckert and john mauchly in the 1950s this innovative spirit has continued to thrive in the citys tech scene todayppbrph2thriving startup scene established and emerging companiesh2pbrppst louis has a diverse economy and a thriving tech scene with numerous startups and established tech companies headquartered in the area including express scripts world wide technology and ascension leading healthcare provider the citys startup scene has been thriving in recent years with numerous new companies being founded and existing companies expandingppbrph2role of universities saint louis university and washington universityh2pbrppthe local universities including saint louis university and washington university play a major role in this growth by providing a steady stream of highlyskilled workers and supporting research and development initiativesppbrph2cost of living and employment attractive destination for entrepreneursh2pbrppst louiss living cost is relatively low with the average living wage hovering around 50000 to 60000 per year the unemployment rate in the city is also relatively low hovering around 4 as of 2021 the citys gdp is estimated to be around 160 billion making it one of the largest metropolitan economies in the countryppbrph2challenges and opportunities retaining talent and sustaining growthh2pbrppdespite its strengths the startup scene in st louis still faces challenges including retaining its young talented workforce and the high rate of new companies starting and ending however with favorable geography supportive universities and a low cost of living st louis remains an attractive destination for entrepreneurs and investors with continued investment and support the future looks bright for the startup scene in st louisppbrph2st louis startups insights and performanceh2pbrppst louis startup ecosystem continues to grow and attract businesses investors and visitors arch grants a startup accelerator program has awarded over 8 million in grants to st louis companies since 2012 the st louis innovation center a hub for tech startups has helped launch over 170 companies creating over 3000 jobs the city also strongly focuses on real estate technology with startups like geosaurus and rescour providing data and services for the real estate industryppbrph2funding rounds and investments st louis startupsh2pbrppst louis startups have seen a number of successful funding rounds in recent years for example benson hill an agricultural technology company raised 150 million in its latest funding round in 2021 other startups like varsity tutors and claim academy have also raised significant funding the st louis tech ecosystem is supported by a number of local investors including sixthirty and cultivation capitalppbrph2jobs and opportunities st louis startupsh2pbrppst louis startups create jobs and opportunities in various industries including healthcare financial technology and cybersecurity companies like wilsquare a private equity firmp
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