The Iowa Economic Development Authority (IEDA) Board has awarded grants to three entrepreneurial assistance providers through its Entrepreneurial Investment Awards program. The IEDA board also approved one grant through its Strategic Infrastructure Program to an Iowa City-based startup.
In total, just over $975,000 was awarded. Here are the four organizations that received funding:
Creative Adventure Lab
Creative Adventure Lab was founded in 2008 and launched its first Innovation Lab in Dubuque in 2018, which offers incubator space and entrepreneurial coaching.
The company received a $150,000 grant to launch Innovation Labs in select rural communities in Iowa and deliver services to the start-ups and existing small businesses in those areas.
Iowa’s West Coast Initiative
Iowa’s West Coast Initiative (IWCI) is a partnership between the economic development organizations in Plymouth, Monona and Woodbury counties to increase entrepreneurial activity in northwest Iowa and support small business growth.
IWCI received a $185,000 grant to support a full-time staff position over two years that will guide entrepreneurs in the regional area, direct them to entrepreneurial resource providers and coordinate regular entrepreneurial programming.
Iowa Lakes Corridor Development Corporation
Iowa Lakes Corridor Development Corporation, a public/private partnership in the counties of Buena Vista, Clay, Dickinson and Emmet, focuses on developing new job opportunities, retaining existing businesses, helping new businesses start and expanding the tax base.
The organization received a $150,000 grant to launch additional entrepreneurial development programming through videos, outreach and networking events.
University of Iowa’s Protostudios
Iowa City-based Protostudios received a $493,207.76 grant through the IEDA’s Strategic Infrastructure Program. The Strategic Infrastructure Program assists projects that develop commonly utilized assets that provide an advantage to private sector entities or create necessary physical infrastructure in Iowa.
Protostudios is a state-of-the-art rapid-prototyping facility. The grant money will allow be used to establish a Medical Print Service Bureau which will provide enhanced design capabilities and produce anatomical models to the University of Iowa and the broader Iowa med-tech community.