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NewBoCo, ISA Ventures expand services to Quad Cities
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…
Nebullam expands deliveries to Iowa City and Coralville
Indoor farming startup Nebullam has expanded its services to Iowa City and Coralville the company announced this week. Nebullam was founded in 2017, with a focus on improving indoor farming technologies. Today, Nebullam owns and operates its flagship indoor farm and corporate headquarters within the Iowa State University Research Park. The company's first delivery to…
The Iowa Center Loan Fund receives CDFI Certification
The Iowa Center for Economic Success, a nonprofit based in Des Moines, announced last week that its Loan Fund has been certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI). CDFIs are private financial institutions that are dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged…
Eastern Iowa broadband company “ImOn” to be acquired by Goldman Sachs
ImOn Communications (ImOn), a broadband company based in Eastern Iowa, today announced that it has signed definitive documentation to be acquired by Goldman Sachs Asset Management’s infrastructure investing business. As part of the transaction, Goldman Sachs Asset Management will make new investments to help accelerate ImOn’s growth in FTTP data, video, and voice services to homes…
Balsley: Stepping down at The Art of Education University
Guest post by Derek Balsley. This story was originally published on LinkedIn. After more than eleven years of building The Art of Education University (AOEU), taking the institution from 2 employees to more than 150, I’m proud to announce that Jessica Balsley and I are stepping down from our respective roles as President and CEO. …
Helping Iowa breweries embrace sustainability
This story is part of a series titled “Innovation in Cedar Valley,” an exploration of startups, individuals and innovative trends in the Cedar Valley. The series is sponsored by Launch Cedar Valley, a nonprofit connecting the starters, creators, and builders in the Cedar Valley. Craft brewing has experienced exponential growth during the last two decades and…
Iowa Go-to-Market (G2M) Accelerator announces second cohort
The Iowa Go-To-Market (G2M) Accelerator has announced the two startups that will participate in its second cohort. The G2M Accelerator is enabled by a grant to BioConnect Iowa and its partners, VentureNet Iowa and ISU Startup Factory, from the US Economic Development Administration. The accelerator is specifically designed to support Iowa companies developing technology-driven innovative products or services that have participated…
Tennis Line Call app launches on iOS
The Tennis Line Call App is now available on the App Store for iOS devices. Tennis players can use the new app to detect whether or not a tennis ball has gone out of bounds. The app works by each player strapping their smartphone to the top of a tripod, with each phone facing a…
Clay & Milk | Page 5 of 125 | Covering Iowa's startup, entrepreneurial and tech communities
A central Iowa ag-tech accelerator has secured more backers and finally has a name. The Greater Des Moines Partnership first announced the accelerator last year, naming four initial investors. On Monday, the Partnership said the program will be called the "Iowa AgriTech Accelerator" and named three new investors. The new investors include Grinnell Mutual, Kent Corp. and Sukup Manufacturing, all Iowa companies. They join investors Deere & Co., Peoples Co., Farmers Mutual Hail Insurance Co. and DuPont Pioneer. Each investor has agreed to put up $100,000 for the first year of the accelerator. Startups entering the program will receive $40,000 in seed funding in exchange for 6 percent equity. Tej Dhawan, an angel investor and local startup mentor, is serving as interim director until the AgriTech Accelerator names a permanent leader. Dhawan held a similar role with the GIA before Brian Hemesath was named as managing director. As interim director, Dhawan said his main job includes hiring the accelerator's executive director, establishing a business structure and initial recruiting for the first cohort. The accelerator will place few filters, such as location and product, on the applicant pool, Dhawan said. "When you’re seeking innovation, innovation can come from every corner of the world so why restrict ourselves," he said. One area the the AgriTech Accelerator won't recruit from is biotech. For its first cohort, the AgriTech Accelerator will work out of the GIA's space in Des Moines' East Village, Dhawan said. A future, permanent home is still to be decided. The accelerator's program will host startups from mid-July through mid-October, ending with an event connected to the annual World Food Prize. The GIA, which the AgriTech Accelerator is based on, also ends with presentations at an industry event. The accelerator has also started lining up a mentor pool. The Iowa Corn Growers Association, Iowa Soybean Association and the Iowa Pork Producers Association have agreed to provide mentors, as has Iowa State University. While the AgriTech Accelerator is loosely based off of the GIA, it will differ in its business structure, Dhawan said. The GIA runs through a for-profit model for both operations and its investment fund. The AgriTech Accelerator will have a nonprofit model for its operations and a for-profit setup for its fund. Dhawan said the nonprofit model is being used so the accelerator can better work with other nonprofit partners, such as trade associations. "These are all organizations that are nonprofits and can be amazing stakeholders without ever having to be investors in the accelerator," he said. "It becomes easier to work with trade associations in their nonprofit role when we are also a nonprofit." When it's up and running, the AgriTech Accelerator would be one of a handful of ag-focused startup development programs in Iowa. Others include the Ag Startup Engine out of Iowa State University and the Rural Ventures Alliance from Iowa MicroLoan. Matthew Patane is the managing editor and co-founder of Clay & Milk. Send him an email at mpatane@clayandmilk.com.
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