The Iowa Economic Development Authority awards funding to startups in the form of low-interest loans through its Innovation Continuum, which includes five funds that are designed to offer companies non-dilutive funding at every stage of business growth. The funds are: Proof of Commercial Relevance (POCR), Demonstration Fund and the Innovation Acceleration Fund, which offers Launch, Propel and […]

The Iowa Economic Development Authority awards funding to startups in the form of low-interest loans through its Innovation Continuum, which includes five funds that are designed to offer companies non-dilutive funding at every stage of business growth. The funds are: Proof of Commercial Relevance (POCR), Demonstration Fund and the Innovation Acceleration Fund, which offers Launch, Propel 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 […]

The Iowa Economic Development Authority Board approved grants Friday to two initiatives supporting rural entrepreneurs through the Entrepreneurial Investment Award program. The program provides financial assistance to service providers that offer technical and financial assistance to entrepreneurs and startup companies. Hub712, coordinated by Carroll County Growth Partnership, was awarded a $200,000 grant from the EIA […]

The Iowa Economic Development Authority announced Monday innovation funding for three startups through Iowa’s State Small Business Credit Initiative. The Innovation Fund was created as part of the initiative to offer additional funding opportunities to assist entrepreneurs through concept, launch and expansion. Nebullam Inc., based in Ames, received a $250,000 Innovation Acceleration Launch Fund loan […]

2023 will bring Iowa’s innovation stakeholders some of the first opportunities to see the infusion of $96 million from the U.S. Treasury Department’s State Small Business Credit Initiative in action. Announced in October 2022, the funding is distributed across four new programs, each taking a different angle on increasing funding access. Anna Lensing, innovation team project manager at […]

The Iowa Economic Development Board last week approved awards for five companies that will lead to the creation of 266 jobs, and represent more than $200 million in capital investment in the state. The IEDA board also approved awards to two startups: CartilaGen in Coralville received a $125,000 Demonstration Fund award for product refinement, market planning and […]

The Iowa Economic Development Authority announced Wednesday a $96 million investment to support small businesses and entrepreneurs in Iowa. The U.S. Treasury Department approved the funding to Iowa Tuesday through its State Small Business Credit Initiative (SSBCI). The American Rescue Plan Act reauthorized and expanded the SSBCI, providing nearly $10 billion to increase access to capital and promote entrepreneurship, […]

The Iowa Economic Development Authority at its Friday meeting awarded Cedar Rapids-based nonprofit NewBoCo a $100,000 grant through the Entrepreneurial Investment Awards Program. NewBoCo will use the grant to launch its Community Partners Pilot Program in Mason City and Mount Pleasant, which will work to fill gaps in the local entrepreneurial environment by combining NewBoCo programming […]

Applications for the John Pappajohn Entrepreneurial Venture Competition are now open. The statewide competition will award $100,000 in cash prizes, including a first place award of $40,000. Iowa businesses that have been in operation for four years or less, or are not yet cash flow positive are eligible to apply. Participants will be judged on […]