IEDA awards funding to three startups

The Iowa Economic Development Authority (IEDA) board has awarded innovation funding to three Iowa startups. In total, $525,000 was awarded. Here are the three startups that received funding.


Farmer’s Risk (Ames)

Based in Ames, Farmer’s Risk is a software platform that aggregates the critical risk management components used by farmers. It aggregates crop insurance choices, cash sales data, and futures and options data that farmers use and removes the barrier to making separate decisions for each component.

The company was awarded a $25,000 Proof of Commercial Relevance loan for market planning/entry activities.

WINPRO (Clive)

WINPRO of Clive produces plasma-based health products for dogs. Using animal blood proteins, the company has created five products that address the most common health problems facing dogs.

The company was awarded a $250,000 Propel Fund loan for market analysis, product refinement, market planning/entry activities and key personnel.

Member Marketplace (Marion)

Marion’s Member Marketplace offers e-commerce marketplace platforms for communities and their small businesses to sell online together. Connecting similar businesses, brands and products into a single online marketplace enhances customer experience, efficiency and marketing opportunities. As businesses are challenged to adopt e-commerce presences, Member Marketplace is expanding into new states across the U.S.

The company was awarded a $250,000 Propel Fund loan for product refinement, market planning/entry activities and key personnel.


Previous coverage

Ames startup Farmers Risk receives $50,000 investment from Ag Startup Engine -July 30, 2021

WINPRO Pet Closes $3 million Series B Round from Next Level Ventures -June 18, 2021