Two startups receive funding from IEDA

The Iowa Economic Development Authority (IEDA) has approved innovation funding in support of two Iowa startups. In total, $200,000 was awarded to the two startups.

Here are the two startups that received funding.

Gain Compliance

Based in Des Moines, Gain Compliance is a software platform that assists businesses with the filing of financial reports. The software assists with the highly regulated data for NAIC (National Association of Insurance Commissioners) Statutory Filings. To overcome the limitations with the manual onboarding and support of customers and with the software to support the most complex cases, Gain Compliance plans to create automation and feature enhancements to the platform.

The company was awarded a $100,000 Demonstration Fund loan for key personnel.

FarmPost Inc.

FarmPost Inc. of DeWitt developed a mobile app for farm labor management. The tool allows for a more efficient and cost-effective way to find, hire, communicate with and manage farm hands. It benefits farmers to connect with the local workforce and manage the hiring process all in one place, and it benefits farm hands to search available jobs.

The company was awarded a $100,000 Demonstration Fund loan for product refinement, market planning/entry activities and key personnel to assist with commercialization.