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The Technology Gateway Alliance works to strengthen and expand existing technology companies and grow new ones.

It’s not common knowledge that the St. Louis metropolitan area is home to more than 3,600 high-tech life sciences and information technology businesses and employ more than 68,328 highly skilled workers. It’s also not commonly known that Greater St. Louis is a leading research and development center, with area employers annually investing $2 billion in research and development—more than the acclaimed “Research Triangle” in North Carolina. To capitalize on the wealth of knowledge, research and innovation occurring in the St. Louis region’s “backyard,” the RCGA, area high-tech entrepreneurs and research universities formed the Technology Gateway Alliance, as part of their efforts to position the metropolitan area as America’s Center for Technology. Technology Gateway developed as a natural outgrowth of the RCGA’s former Science and Engineering Council. The RCGA recognized that the results from a 1997 study of the region’s technology sector indicated a coordinated, industry-wide effort was needed to enhance the technology industry. The Celeste & Sabety Report concluded: the St. Louis region has a wealth of high-tech industries, comparing well with the majority of larger communities; the region’s academic commitment to the study and research of technology also compares well from a national perspective; and St. Louis’ high-tech sector had not been successful to date in leveraging these assets into an industry-wide economic expansion.

Formally launched by the RCGA in May 1998, the mission of Technology Gateway is to advance the region’s technology-based economy. The Alliance’s vision involves empowering technology professionals with efficient and effective tools to achieve growth and positive change, thereby renewing the industry and the community. Technology Gateway’s focus is to create a critical mass of ideas, people and capital in and around technology-related business activities.

Technology Gateway Alliance, which is just 2 1/2 years old already boasts many accomplishments. The most recent include:


  • Planned and organized TechFair 2000, which featured more than 100 experts who discussed technology breakthroughs, such as genomics and broadband communications. Attendees ranged from executives to scientists to high-school science-fair winners.

  • Created opportunities for funding start-up companies through InvestMidwest Venture Forum, which convened venture capital firms to review the business plans of 20 start-ups. As an added feature, established businesses mentored the fledgling companies in their pursuit of funding.

  • Partnered with Vatterott College, the RCGA, and local area businesses to provide WebEd 2000, a scholarship based summer teacher’s training program that helped educate more than 100 area K-12 teachers on how to use the Internet in the classroom.

  • Launched TechTour 2000, a traveling networking event that will be held quarterly. Participants identify technology resources, while making contacts and learning about facilities. The first toured the Nidus Center for Scientific Enterprise, a new incubator on the Monsanto Campus. The second toured Access US, an Internet Solutions Provider with a concentration on the rural market and Six 12 LTC Group, a digital advertising and marketing solutions design firm, both on Laclede’s Landing. The third toured Metaphase Design Group, an ergonomic design firm in Clayton.

  • Sponsored and participated in First Tuesday, a forum for regional high-tech entrepreneurs to connect with venture capitalists.

  • Unveiled the “Technology is the New Spirit of St. Louis” mural

    .
  • Attracted more than 350 member organizations and two or three fold the volunteers to its ranks. In fact of those companies on this year’s FAST 50 list, 33 are Technology Gateway members and 44 are RCGA members

Being a “sister organization” within the RCGA allows Technology Gateway’s concerns, agendas and programs to be heard throughout the business community and provides access to various decision makers-civic leaders; local, state and national political leaders; universities; and other technology-oriented companies. This formal tie with the RCGA (which is further promoted by the chair of Technology Gateway also serving as vice chair of science and technology of the RCGA’s board of directors), along with the momentum of the members, has created a technology alliance rivaling alliances across the country that have been around for 10 or more years.

In a continuing effort to promote the emerging technology industry, the RCGA established the Fast 50 awards banquet in 1996. Along with co-host Deloitte & Touche, an outstanding event has been created, which recognizes the fastest 50 growing technology companies in the region that have been in business for five or more years. Other sponsors include: A.G. Edwards, Armstrong Teasdale, KMOX, KSDK, St. Louis Business Journal, St. Louis Commerce Magazine, St. Louis Science Center and UMB Bank. Local winners then move on to the national Technology 500 Awards, with numerous St. Louis-area companies ranking as the fastest growing technology businesses in the nation. The FAST 50 program seeks nominations each year in April, with awards being presented in September. September 2001 will mark the sixth annual St. Louis Regional Fast 50 Technology Awards program.

BioBelt and the Plant & Life Sciences Network


The Plant & Life Sciences Network serves as a catalyst for the plant & life sciences industry in the St. Louis region. A new initiative of the network for 2001 is to support and promote the region as the BioBelt—a world-class center for plant and life sciences research, investment and business opportunity. It’s talented people pursuing breakthrough innovations in health care, agriculture and nutrition; supported by a community that nurtures new ideas and values individuals, families and business enterprise. Together their work will change the world.

In a study commissioned by the RCGA, the Danforth Foundation and Civic Progress, the Battelle Memorial Institute identified the St. Louis area’s core competencies; benchmarked the region against other high-tech regions in the U.S. and abroad; identified the region’s strengths, weaknesses and opportunities; and developed a comprehensive set of strategies and actions. Implementation of these strategies can make St. Louis the leading international center in plant sciences and a major center in the life sciences.

This set of strategies builds on the region’s assets—its comparative advantages—by strengthening its research base, finding innovative ways to turn science into technology, as well as commercializing technology in both existing and new entrepreneurial-driven firms. Five strategies are proposed that address image, entrepreneurial culture, intellectual capital, business climate and workforce. Twenty actions, along with resources, and timeframes are identified for implementing these strategies.

Based on the results of the study, the RCGA and its business and civic partners have begun implementing the first of the Battelle study’s recommendations, establishing a national and international image for St. Louis as the leading center in plant sciences and a major center in life sciences. The BioBelt brand, logo and tagline, “The Center of Plant and Life Sciences,” was developed by a regional communications task force, including representatives from several of the region’s leading institutions: Washington University, the Donald Danforth Plant Science Center, Missouri Botanical Garden, Missouri Technology Corporation, Monsanto Company, Nidus Center for Scientific Enterprise, RCGA and three marketing services firms supporting the branding effort.

“St. Louis no longer needs to be referred to as the ‘Silicon Valley of the Midwest,’” according to Dr. Robert Calcaterra, president and CEO of the Nidus Center for Scientific Enterprise. “We have our own identity now, and the BioBelt name more accurately describes the St. Louis region’s 21st century industrial strengths.”
 

 

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ECONOMIC DEVELOPMENT

ENVIRONMENT

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Fund Name
Investment Focus
Target Amount ($M)
Committed as of Nov. ’00 ($M)
Primary Contact
Prolog Ventures
Seed stage: health and technology, technology transfer centers
$20 - $40 (SBIC)
Not Available (Dec. 2000 closing)
Greg Johnson, 314/721-5707 gjohnson@gatewayventures.com (open to individual & institutional investors)
Rivervest Venture Partners
Early stage: plant science, life science technology, medical devices, biotech
$60
$28.5 (Currently under mgt.)
Tom Melzer, 314/725-2974 www.rivervest.com
Oakwood Healthcare Investors III
Mid- to late-stage: healthcare, medical devices and specialty pharmaceuticals
$30 - $50
$25
Dr. Raul Perez, 314/821-8964
Discovery Life Sciences Fund
Multi-stage: healthcare, plant sciences, bio-tech, medical devices, specialty pharmaceutical
$100
$30
Spencer Burke, 314/955-4205 A.G. Edwards & Commerce Bank joint venture
Auxyn Biotechnology Ventures, L.P.
Early stage: nutrition, healthcare and plant science
$250 $20
$0
Life Science Pre-Seed Fund Midwest Technology and Commercialization Fund, Topeka, KS
Early stage: life and plant science and related technology ($100K-$500K higher-risk investments)
$20 -$50
$0
Bob Calcaterra, 314/812-8001

 


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