IEDA awards funding to four Iowa startups

The Iowa Economic Development Authority (IEDA) has approved innovation funding in support of four Iowa startups. In total, $275,000 was awarded to the four startups.

Here are the startups that received funding.

Mazen Animal Health

Ames-based Mazen Animal Health develops oral animal vaccines for animal disease prevention. The edible vaccines can be dosed with feed, offering a cost-effective, safer delivery, efficacious, room-temperature option for animal vaccines. With the opportunity to treat a variety of animals and animal diseases, Mazen plans to focus on commercialization of swine vaccines.

The company was awarded a $125,000 Demonstration Fund loan for IP development and evaluation, marketing planning and entry activities, key personnel, and regulatory requirements.

NanoSpy

Formed in the Iowa State University Startup Factory in Ames, NanoSpy produces a biosensor for the rapid detection of Salmonella in food processing facilities to reduce the economic impact of foodborne illness. The technology overcomes the burdens of current methods that require a two-day period before receiving lab results with a quantitative rapid test that allows for near real-time decisions that mitigate the risk of a pathogen contamination in the consumer market.

The company was awarded a $25,000 Proof of Commercial Relevance (POCR) loan for IP development and evaluation, proof of concept work, and market planning and entry activities.

Townhall

Townhall, an edtechsoftware development company in Ames, is creating a desktop-based app to improve the video conferencing experience. The app increases engagement for large remote meetings on any platform through gamification and instant feedback.

The company was awarded a $25,000 POCR loan for IP development and evaluation, product refinement, market planning and entry activities, and key personnel.

Lola’s Fine Sauces

Headquartered in West Des Moines, Lola’s Fine Sauces sells family recipes of hot sauces throughout restaurants, grocery stores, and retail stands. The product line has expanded to seven sauces, five salsas, a seasoning mix and a Bloody Mary mix and is sold in more than 10,000 stores nationwide.

The company was awarded a $100,000 Demonstration Fund loan for market analysis, proof of concept work, product refinement, market planning and entry activities, key personnel, and equipment.