“If they are looking for business connections—which many are—they take us very seriously when they learn of St. Louis’ story, our assets and our collaborative environment.”
Those were the words of Donn Rubin last winter when we first sat down with him to discuss GlobalSTL’s potential impact on the region.
Just one year later and the GlobalSTL initiative–created under the umbrella of BioSTL in 2014–can now boast five international startup companies that have chosen St. Louis for their US base, three more that have enrolled in St. Louis’ accelerator programs and more than two dozen other companies in discussion with strategic partners in the St. Louis region in healthcare, FinTech and AgTech.
Further still, in the last month, two companies–one from Israel and another from Ireland– that are involved with the GlobalSTL initiative, announced major partnerships with a major US-based company and a local university, respectively. Both of these partnerships have the potential to significantly alter economic growth in the region. As a reminder, Global STL’s mission is to create high-growth economic activity for St. Louis by attracting innovative companies from around the world to the region. One year in, we’d say they’re doing well on that promise.
More lnnovation from Israel
“The companies that we attract to St. Louis often aren’t early-stage,” says Rubin. “They are companies with product and revenues and looking for that next step, a US partnership, new markets. That’s where we can help them.”
Atomation, a tech company based out of Tel Aviv is one such company. Just three years old, the startup has created an Internet of Things (IoT) platform that connects physical objects to the internet. Announced last month, they are set to use this technology in a pilot partnership with Ameren to place sensors on utility poles. As they monitor the poles, they can then better predict which poles need replacing, saving money for Ameren and saving Ameren’s client base from frustrating power outages.
“Their technology is very flexible,” says Rubin. “You essentially could attach it to any ‘dumb’ thing to make it smart.”