Demonstration Fund

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 $100,000
  • 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
  • Submit completed application to the Iowa Economic Development Authority (IEDA)
  • IEDA has engaged the services of VentureNet Iowa to manage the application review process
  • Applicant completes panel review process and presentation to the IEDA Technology and Commercialization Committee (TCC).
Program Contact(s)

Gail Kotval
515.725.3192
innovation@iowaeda.com

John LaMarche, VentureNet Iowa
515.471.1965 or 515.471.1300
 

 

 

 
Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.725.3000
email: Email Us

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