The Financial Crimes Enforcement Network, a bureau of the U.S. Department of Treasury has created a new rule called the Beneficial Ownership Information Reporting Rule. Starting Jan. 1, 2024, many companies will be required to report information to the U.S. government about who ultimately owns and controls them. Congress passed the Corporate Transparency Act in […]
Sam Altman will return to OpenAI as CEO, and a new board will be formed, the company said in a statement Tuesday after reaching an “agreement in principle” with Altman. The statement said OpenAI and Altman are “collaborating to figure out the details.” The new board will include Bret Taylor, the former co-CEO of Salesforce; Larry […]
InnoVenture Iowa has announced the three Iowa startups that will participate in the InnoVenture Challenge event on Dec. 6 and be eligible for the “winner-takes-all” $100,000 award. Finalists will pitch their business to a live audience and panel of judges at the event at Curate in downtown Des Moines. To learn more about each of the finalists and […]
“It’s been about a year since I’ve been capturing the Startup Iowa Hotlist showing those actively raising companies and just companies to watch, and that subscriber list has grown. Maybe 30% of the list is out-of-state subscribers. For instance, Idea Fund just came to Des Moines. It’s based in La Crosse, Wis., and they’re now actively […]
Plus, meet the startups pitching in Best of the Midwest showcase Supporting active and aspiring Iowa angel investors and continuing to build the state’s connections and presence with risk capital stakeholders across the Midwest is the goal behind the second annual Iowa Angel Investors Summit, a one-day event scheduled for Nov. 14 in Des Moines. The […]
President Joe Biden signed an executive order Monday in the U.S. government’s first move to regulate artificial intelligence. CNBC reports that the order issues specific directives to a range of federal agencies, establishes guidance for how federal agencies use AI and creates requirements for some companies that are developing AI tools. According to a fact sheet on the […]
SoilSerdem, an Ames-based startup, won a $1 million National Science Foundation Small Business Innovation Research Phase II award through BioConnect Iowa’s America’s Seed Fund Outreach Program. According to a news release, America’s Seed Fund (powered by NSF) awards $200 million annually to startups and small businesses transforming scientific discovery into products and services with commercial and […]
Tech takeaway Each quarter, the innovationIOWA newsletter will share a funding recap of the startup companies that received funding from the Iowa Economic Development Authority and a recap of the companies raising money according to Form D filings through the U.S. Securities and Exchange Commission. If there is other startup funding data you’re interested in […]
Ben Milne, founder and CEO of Brale, a startup combining aspects of centralized and decentralized finance, was appointed in March as a member of the U.S. Commodity Futures Trading Commission’s Technology Advisory Committee. The Technology Advisory Committee was created in 1999 to advise the commission on complex issues at the intersection of technology, law, policy and […]
The Office of the Chief Information Officer has issued a Notice of Funding Availability, making available $148,960,000 in new program funds under the Empower Rural Iowa Broadband Grant program. The application window is open until 5 p.m. Aug. 25. More information and application materials are available on the OCIO website.