The Iowa Economic Development Authority (IEDA) Board has approved innovation funding for two startups located in Ankeny and Fairfield. In total, $50,000 was awarded to the two startups.
Here are the two startups that received funding:
Vine Chromatic, based in Ankeny, is a talent booking agency working to connect artists and venues. The company plans to create a web application for performers, venues and owners to easily track schedules, streamline marketing and connect with each other. The application will provide a more organized system to the current outdated processes.
The company was awarded a $25,000 Proof of Commercial Relevance (POCR) loan for IP development and evaluation, market planning/entry activities and key personnel.
Spanton Dynamics, located in Fairfield, developed the Spanton Board, a power-driven spine board and innovative piece of medical technology. Prompted by a desire to effectively safeguard athletes following a head, spine or other serious injury, the Spanton Board has the potential for broad adoption in other areas of first responder and daily medical applications. The patent-pending technology enables the transfer of injured individuals to a backboard without substantial movement of the head and neck, which reduces the likelihood of the potential for a secondary injury.
The company was awarded a $25,000 POCR loan for product refinement, market planning/entry activities and construction costs.