3 Startups Receive Funding from IEDA
By Jake Slobe, originally shared via Clay & Milk
The Iowa Economic Development Authority (IEDA) has approved innovation funding in support of 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 offers 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 postsecondary education. The platform allows telehealth providers to effectively connect with schools, students and families to deliver the care they need.
The company was awarded a $25,000 Proof of Commercial Relevance (POCR) loan for market analysis and IP development and evaluation.
Deetz, a tech startup based in Cedar Rapids, shows people what is happening around town in real time. The interface features an interactive map where users can discover daily specials, events, sales, pick-up games and more. Deetz allows small businesses to connect with the surrounding community every day and allows residents to engage locally and be rewarded for doing so.
The company was awarded a $100,000 Demonstration Fund loan for market planning/entry activities, key personnel and equipment.
Iowa City-based FBB Biomed is a biotech company that develops intellectual property (IP) to measure and control ribonucleic acid (RNA) associated with disease severity. The company licenses its IP to life sciences companies for use in diagnostics and therapeutics development.
The company was awarded a $25,000 POCR loan to expand its IP portfolio.