New funding and resources for entrepreneurs and startups are coming to the Quad Cities as NewBoCo announced this week plans to expand its services to the Quad Cities area.
“Our nonprofit has learned a thing or two over the past eight years as we’ve collaborated with partners to build and run accelerators, investor groups, K-12 computer science programs, adult tech education programs, innovation workshops, entrepreneurial events and more. All of these things work together, as a unique and aggressive economic development strategy,” said Aaron Horn, Executive Director at NewBoCo in a release. “The needs of each region are unique, so it’s critical that we partner with a great local resource like the Quad Cities Chamber to bring new opportunities to the area.”
In a Clay & Milk guest post earlier this year, Horn wrote that NewBoCo plans to strategically align with at least four community partners—including Quad Cities, Mason City, and Mount Pleasant—across Iowa in 2022 to pilot the launch of key programs in their communities.
ISA Ventures, the first multi-stage venture capital studio in Iowa, also plans to expand into the QC region by building a local syndicate network of investors to support regional entrepreneurs on both sides of the river.
Once funded, businesses will participate in the Iowa Startup Accelerator, which provides instruction, mentoring and guidance to help the entrepreneur establish a foundation for scalability or expansion in industries such as ag, health, education, manufacturing and transportation. Participating startups also benefit from access to NewBoCo’s support including marketing and design services, software development, web design, social media support, innovation workshops, copywriting, and public relations consultation.
As part of the expansion, Kiva Iowa will also expand to include the Illinois Quad Cities, giving entrepreneurs access to a crowdfunded micro-lending platform that offers business loans with zero percent interest and zero fees.
“We are excited NewBoCo and ISA Ventures are expanding to serve our bi-state region,” said Julie Forsythe, the Chamber’s Sr. Vice President of Business and Economic Growth. “Venture capital and support for startups have been identified as needs in the QC and we are excited they will be able to fill that gap by providing funding and resources for entrepreneurs here. The Quad Cities Chamber has been in discussions with NewBoCo and ISA Ventures for the last year to help boost our local angel investment network and assist startups in the region.”
Local accredited investors are needed to launch the syndicate network. Syndicate investors are able to invest in tech-based startups throughout the QC and beyond. To learn more, visit isaventures.com or contact Kevin Bradley, ISA Ventures’ Director of Investor Relations at firstname.lastname@example.org
Startups looking to learn more about the resources available should contact Iowa Startup Accelerator Managing Director Alex Taylor at email@example.com or visit newbo.co/entrepreneurship/accelerators