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Techstars Iowa announces 2022 cohort
The 2022 cohort of Techstars Iowa officially kicked off its 2022 cohort this week at Gravitate Coworking in Downtown Des Moines. Ten companies from a variety of industries join the 2022 program. Founders in this year’s class are building products using artificial intelligence, machine learning, natural language processing, robotics, radar, big data, and blockchain technologies. These companies…
BrokerTech Ventures announces its 2022 cohort
BrokerTech Ventures (BTV) has announced the 12 insurtech startups that will take part in the 2022 cohort. “As we kick off the third year of our BTV Accelerator, I am thrilled with the diversity of technologies we were presented and will move through the accelerator, as well as the amount of international interest and presence…
Applications open for 2022 Techstars Iowa Accelerator
Applications are now open for the 2022 cohort of the Techstars Iowa Accelerator. The accelerator will run from July 18 to October 14, 2022, and will be a hybrid of virtual programming and in-person programming in Des Moines. In its first two years, Techstars Iowa has accepted 20 companies into its program from all around the country.…
Cedar Valley launches new accelerator program for minority-owned businesses
Several organizations in the Cedar Valley have partnered to launch the Cedar Valley Minority Business & Entrepreneurship Accelerator (CVMBEA), an accelerator for minority-owned businesses. The CVMBEA program provides financial aid, networking opportunities, mentorship and scale strategies for new and existing minority-owned businesses in the Waterloo and Cedar Falls area. The idea for the program came…
CYstarters Iowa State University
Middle Bit: Fifteen student startups set to present at CYstarters Finale Event
Fifteen student-led startup companies will pitch their businesses at the CYstarters Finale Event, next Wednesday at Iowa State University. This is the third cohort for the CYstarters program, a ten-week summer accelerator for Iowa State students and recent graduates. Each of the startups participating in the 10-week summer accelerator will be presenting to celebrate completing the program. Presentations will…
Gregg Barcus teaches a new generation of entrepreneurs at Venture School
For University of Iowa professor Gregg Barcus, entrepreneurship is an adventure. Barcus became an adjunct professor at the University of Iowa in 2016 and now teaches statewide for several UI JPEC entrepreneurial programs including Venture School, UI Innovators Workshop and the Washington Mandela Fellowship. Venture School, an innovative training program focused on real-world experimentation, customer discovery, and Lean…
accelerator Archives | Clay & Milk
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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