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St. Louis Post-Dispatch

The Center for Emerging Technologies will get a $1 million donation from Monsanto Co., pushing the biotech incubator closer to its goal of breaking ground this year on a $28 million laboratory building.

The St. Louis-based center requires about $18.5 million to start construction of the building. After Monsanto’s contribution, the center now has close to $16 million . CET already has cleared the site on Laclede Avenue for the three-story building, said Michele Rutledge, the vice president for resource development.

Wet labs will make up 60 percent of the "innovation center" CET plans to erect near its buildings in the 4000 block of Forest Park Avenue low fee payday loans. Rutledge said St. Louis needs more wet labs to nurture startups and keep them in the region when they grow.
"If there’s no place for these baby companies, they’ll leave," she said.

Since last summer, CET refined the lab building’s plan to trim $1.5 million in costs without sacrificing size or features, Rutlege said.

tbryant@post-dispatch.com | 314-340-8206

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