The Iowa Economic Development Authority board today approved $4.5 million in funding over three years for creation of the Iowa Bioscience Development Center (IBDC). At last month’s meeting, the board heard an update on the existing Iowa Innovation Corporation, the state’s public-private partnership for economic development that is transitioning to serve as the IBDC. The IBDC will bring together partners from research institutions, global companies, entrepreneurs, investors and government to accelerate bioscience sector growth and development in Iowa. Today’s action supports implementation of the biosciences development roadmap released in December 2017.