The Massachusetts Institute of Technology picked St. Louis to be part of a two-year entrepreneurship project.
MIT’s Regional Entrepreneurship Acceleration Program specifically will focus on growing the bioscience and geospatial sectors in St. Louis.
“Participating in this prestigious program will further enhance our efforts in biosciences and geospatial technology and help us promote the type of innovation and entrepreneurship that will drive inclusive growth across the St. Louis metro over the next decade,” Greater St. Louis Inc. CEO Jason Hall said in a statement.
Read more from the St. Louis Post-Dispatch.
The expanded facility is expected to reach annual revenue of $650M.