DECEMBER 28, 2023
The Iowa Economic Development Authority awards funding to startups in the form of low-interest loans through its Innovation Continuum, which includes five funds that are designed to offer companies non-dilutive funding at every stage of business growth. The funds are: Proof of Commercial Relevance (POCR), Demonstration Fund and the Innovation Acceleration Fund, which offers Launch, Propel and Innovation Expansion awards.
IEDA Innovation Fund
GW Nutrition Inc. – Slater: $50,000 Proof of Commercial Relevance loan. GW Nutrition developed the patent pending CleanSense technology to improve the acceptance of food ingredients. It uses a proprietary light delivery system to reduce microbial contamination while also moderating the sensory characteristics (i.e., color, flavor and odor) of alternative proteins.
https://innovationia.com/2023/12/28/funding-recap-ieda-awards-2-7m-to-10-iowa-startups–in-q3/