From the smallest cities to our metropolitan areas, businesses are working on solutions in advanced manufacturing, information technology, bio sciences, financial services and so much more.
All across the state, there are companies working to solve problems. Many of these problems fly under the radar of general knowledge, but they are challenges and obstacles that are slowing down someone's ability to serve their customers and audiences in an efficient manner. This is innovation at its finest and it is happening in every county of Iowa. From the smallest cities to our metropolitan areas, businesses are working on solutions in advanced manufacturing, information technology, bio sciences, financial services and so much more.
Proplanner is a leader in process engineering and management software for manufacturers who assemble products. The Ames-based company received a $300,000 Propel award from the Iowa Economic Development Authority (IEDA) in 2013, helping it get to the next level of success, providing software to some of the best known companies in Iowa, and many outside of the state as well.
Cardiologist Steve Mickelsen at the University of Iowa has developed a tool that can simplify the heart surgery technique used to treat atrial fibrillation (AF). He founded IOWA Approach to help get the product to market and is now ready for human testing of the product.
Darilea Dingel-Fehr of Terril had an idea, based out of need, as most good ideas are. She was training to be a surgical technician, and found that, as a single mother, she didn't have as much time to practice her techniques in the lab as she wanted. She could have practiced at home, but the surgical tools were incredibly expensive. So she developed a line of "mock" training tools.
One of the reasons the Iowa Innovation Corporation was created was to help establish the Iowa Innovation Fund, critical funding for second stage or later funding to businesses engaged in Iowa's innovation ecosystem.
Fundamentally, the Innovation Corporation understands that a source that supports next stage funding is an important part of a robust, successful innovation ecosystem. For several years, the Innovation Corporation and many other partners have worked to create a process for proof of concept and proof of commercial relevance, two factors capital providers look at when evaluating deals.