Erkios Systems Inc. is suing ‘Entrepreneur Startup Business Development Corporation’ doing business as Arch Grants in Jackson County, Missouri civil court.
The suit alleges breach of contract and seeks $30,000 in unpaid grant money as well as $25,000 for damages as well as reasonable attorney fees involved in filing the suit.
Erkios CEO Sean Null and the law firm filing the case on behalf of Erkios were contacted and did not respond to requests for interviews. A spokesperson with Arch Grants declined to comment.
The case was filed on June 5, and papers were served to Arch Grants about a week later. Erkios is asking for a jury trial, but the first court action – a case management conference – is set for October 24.
While Arch Grants did not respond to a request for interview, they already stripped Erkios from the section of their website listing 2021 cohort awardees. There are only 32 companies listed there, down from 33 this spring.
Erkios Systems, founded in February 2017, has a patented port security device to provide a physical communication security layer to computers as well as automated monitoring. Erkios is part of the 2021 Arch Grants cohort, and hails from Kansas City, Mo.
The non-profit Arch Grants offers $50,000 equity-free grants (raised to $75K in 2022) and support services to entrepreneurs who locate their early-stage businesses in St. Louis.
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