DEMONSTRATION FUND

Category: IA State Programs, Entrepreneur and Innovation Support

HELPING BUSINESSES DEVELOP AND BRING NEW TECHNOLOGIES AND CONCEPTS TO MARKET

The Demonstration Fund is designed to provide assistance to companies with market-ready innovative technologies or products that have a clear potential for commercial viability.

• Assists companies with marketing and business development activities
• Helps businesses with high-growth potential reach a position to attract follow-on private sector funding
• Awards up to $125,000
• Funds are primarily in loans or royalty arrangements with a 1:2 (private:public) match
• Funds can be used for:
  • Acquiring management/marketing personnel or expertise
  • Purchasing equipment
  • Developing and executing marketing and distribution strategy
  • Creating marketing materials
  • Developing/expanding lead compounds (bioscience - pharmacology)
  • Business model validation and refinement
  • Market feedback on technology and recommended enhancements

Eligibility

• Iowa-based company with innovative technology solution
• Fewer than 500 employees
• Commitment to commercialize product(s) in advanced manufacturing, bioscience or information technology industries
• Competitive and protectable product, technology or process
• Product ready for market introduction (exception for bioscience and medical device requiring regulatory approval)
• Essential management team in place (business development, financial operations and technology) 

How to Apply

Applications reviewed on an ongoing basis with funding decisions bi-monthly

IEDA has engaged the services of VentureNet Iowa to manage the application review process

Contact VentureNet Iowa for current application and to verify eligibility

Applicant completes panel review process and presentation to the IEDA Technology and Commercialization Committee (TCC).