Middle Bit: Iowa Innovation Corporation rebrands to ‘BioConnect Iowa’

Iowa Innovation Corporation—the state’s public-private partnership for economic development—is now BioConnect Iowa, a name change that better reflects the organization’s focus on expanding the state’s bioscience sector.

“Innovation in the biosciences offers a great opportunity for Iowa,” said Paul Schickler, chair of BioConnect Iowa’s Board of Directors in an announcement. “Advances in this area will help Iowa farmers improve operations and will provide high-paying jobs for Iowa residents, including our youth. BioConnect Iowa will play an important role in reaching these goals.”

The name change coincides with the award of a three-year grant by the U.S. Economic Development Administration to BioConnect Iowa and its partners: Iowa State University Startup Factory and VentureNet Iowa. This grant will be used to develop the Iowa Go-to-Market (G2M) Program, which will feature a startup accelerator.

“Iowa’s reputation and success as a bioscience epicenter is characterized by a continuous focus on innovation and collaboration,” said Debi Durham, director of the Iowa Economic Development Authority and Iowa Finance Authority. “The transformation of the Iowa Innovation Corporation to BioConnect Iowa is another element of this narrative advancing the state’s thriving biosciences industry.”

BioConnect Iowa will continue to manage the state’s Small Business Innovation Research and Technology Transfer Outreach Program, which connects entrepreneurs to federal grants.

Dwolla announces low-code features

Dwolla, this week, released Drop-In Components, a low-code offering designed to save customers weeks worth of development time on their payment integration called

Each component was built to meet requirements for entering production, allowing organizations to significantly shorten the process for a smooth, streamlined payment integration. 

Dwolla’s Drop-in Components direct sensitive user information that must be provided to create an end user account to Dwolla, rather than the integrating business. A business can copy and paste a Drop-in Component to collect sensitive information about a user, such as their name, address or government-issued ID. That information is then passed directly to Dwolla.

“From the beginning, Dwolla has been committed to providing our customers with the easiest avenues for moving money,” said Brady Harris, Dwolla CEO in an announcement. “The addition of Drop-in Components is a testament to our ability to do so. These components handle the tedious tasks of a payments implementation, allowing developers to streamline the process.” 

Manchester Story leads $3.7 million seed round in Texas-based startup

San Antonio, Texas-based financial startup FloatMe has raised a $3.7 million seed funding round to assist with its mission. The financing was led by West Des Moines-based ManchesterStory Group.

Other participants in the round were Active Capital, SpringTime Ventures, Drummond Road Capital and HTV Industries.

FloatMe is a tool that tries to help people make financial decisions thorough an app that helps users avoid overdraft fees with small advances, and identifies opportunities for people to start saving.