St. Louis becoming hub for start-up companies

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ST. LOUIS (KPLR) – St. Louis has been named one of the top cities for start-up companies and investors are investing in start-ups like never before.

Professor Coleman of entrepreneurship at St. Louis University says, “When and if, St. Louis has their first billion dollar start-up company…it will make St. Louis one of the elite cities around the world…when it comes to entrepreneurism.

Jerome Katz the Director Billiken Angel Network, one of four investment groups that fund startup's around St. Louis, last year funded nine businesses. That funding help start "Busyevent", a mobile app company that offers innovative technology for trade shows with one touch of a button.

But it didn't happen without some growing pains; Busyevent asked the Billiken Angel Network to invest early on and were turned down back in 2006.

But with the help of constructive criticism and the popularity of smart phones, they developed a mobile app in 2012 that changed the way trade shows were conducted electronically.

Now Busyevent has the support of the Billiken Angel Network to the tune of $1.2 million dollars, putting the start-up closed to their funding goal of $3 million dollars for 2015.