3 startups receive funding from the IEDA
The Iowa Economic Development Authority (IEDA) approved innovation funding to support three Iowa startups located in Carroll, Cedar Rapids and Iowa City. In total, $ 150,000 was awarded to the three startups.
Here are the three startups that received funding.
Classroom clinic in Carroll provides school-based telehealth services to rural school districts. It offers a solution for rural mental health services, which in turn could improve academic achievement, higher graduation rates and advancement to post-secondary education. The platform enables telehealth providers to effectively connect with schools, students and families to provide the care they need.
The company secured a $ 25,000 Proof of Business Suitability (POCR) loan for market analysis and intellectual property development and valuation.
Deetz, a Cedar Rapids-based tech startup, shows people what’s going on in the city in real time. The interface offers an interactive map where users can discover daily specials, events, sales, pickup games and more. Deetz enables small businesses to connect with the surrounding community every day and allows residents to engage locally and be rewarded for doing so.
The company secured a loan of $ 100,000 from the Demonstration Fund for planning / market entry activities, key personnel and equipment.
Based in Iowa City FBB Biomed is a biotechnology company that develops intellectual property (IP) to measure and control ribonucleic acid (RNA) associated with disease severity. The company grants its intellectual property to life science companies for use in the development of diagnostics and therapies.
The company obtained a POCR loan of $ 25,000 to expand its intellectual property portfolio.