Web hosting provider Contegix announced on Wednesday that it is awarding $5,000 in cloud hosting credits to each of the 15 winning startups of the inaugaral 2012 Arch Grants Business Plan Competition.
Arch Grants offers startups in St. Louis funding to increase employment and establish the area as a place where startups want to start and grow their business.
The new business plan competition selects promising startups to receive $50,000, and provides winning companies with access to business networking and mentoring, free legal and accounting services, collaboration with local universities, and discounts on housing and affordable office space.
Contegix launched its MiraCloud cloud hosting last year to offer customers a customizable cloud platform and a simple web interface that includes budget management tools, an important tool for a startup.
Web hosts have contributed to startup organizations through hosting credits, as well as mentoring support. Contegix’s announcement is unique in that the program is directed at local startups in St. Louis where it is based. Recently, SoftLayer announced that it is a platinum sponsor of national startup accelerator program TechStars.
As web hosts look to attract new types of customers, this type of program is a good way to be introduced to interesting businesses. Also, providing hosting for a company as they are growing requires scalability, support and uptime, which can be achieved through cloud services.
“We are committed to investing not only in the St. Louis community, but also in cultivating the entrepreneurial spirit,” Matthew Porter, Contegix co-founder and CEO said in a statement. “These young companies show tremendous promise and we are pleased to offer them access to MiraCloud, the industry’s most customizable cloud computing platform.”
Porter was one of the judges in the competition which awarded $750,000 cash to 15 startups plus pro bono support. Arch Grants plans to award 30 grants next year. According to the website, there were about 50 judges on the panel from several different organizations including local universities.
Talk back: How do you give back to your local business community? Do you offer free hosting to any interesting up-and-coming businesses? Let us know in the comment section.
Help us get better! Fill out our WHIR reader survey to let us know what works and what doesn’t. And enter to win a $100 Amazon gift card.