Backers of new office space available to startup companies focused on geospatial technology held an event Thursday morning to mark the beginning of construction.
The 14,760-square-foot office space, named the “Geosaurus, Powered by Bayer” Geospatial Innovation and Resource Center, will be at the T-REX technology incubator at 922 Washington Avenue in downtown St. Louis.
Bayer, which acquired Creve Coeur-based Monsanto, supplied a $500,000 grant to fund the project, which was announced in mid-2018. The location for the office space was selected due to its proximity to the National Geospatial-Intelligence Agency’s new western headquarters, which will be built north of downtown.
“Geosaurus will provide office space for start-up companies focused on geospatial technology, innovation, workforce training and collaborative partnership opportunities with area universities,” Bayer said in a statement. “It will also become a talent pipeline for companies like the NGA and Bayer, where agriculture is becoming more reliant on precise mapping data.
This article provided by NewsEdge.