© 2024 St. Louis Public Radio
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Bioscience Boost: BioSTL Gets $2.5 Million Grant

(Credit: Flickr/Sean McMenemy)

Monsanto is giving a $2.5 million grant to BioSTL, the non-profit organization that advocates for bioscience in St. Louis.

The announcement came Thursday during InvestMidwest, the venture capital conference that’s showcasing more than 40 innovative companies.

BioSTL’s mission includes growing the St. Louis area's economy through the bioscience industry.

President and CEO Donn Rubin said the grant will help the non-profit continue its work.

"The resources that this grant will provide will allow us to continue and to grow our capability in creating new companies in St. Louis, attracting bioscience companies and really increasing the awareness around the country about the great things that are happening in St. Louis and beyond," he said.

Rubin said BioSTL's aim is to promote regional collaboration, increase awareness of St. Louis’ bioscience strength and attract investors.

The Monsanto grant is the largest BioSTL has received from a corporation.

Follow Maria on Twitter: @radioaltman

Maria is the newscast, business and education editor for St. Louis Public Radio.