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 nondilutive 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 […]

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 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, […]