Iowa grant program helps medtech startup hire interns

September 14, 2017

Iowa grant program helps medtech startup hire interns

Anchored by a world-class university, and a strong incubator system, medtech startups are growing in Iowa City. Startup IDx, which currently employs 20 people, is using Iowa Economic Development Authority (IEDA)’s STEM Internship program to add staff coming out of the University of Iowa, Silicon Prairie News writes.

“The IEDA internship program allows us to tap into the emerging talent pool from the University of Iowa’s engineering, computer science, and business programs,” said Ben Clark, Chief Operating Officer at IDx. “Since we’ve started [the program], we’ve grown from three employees to 20. Four of those have come to us from state-sponsored internship positions.”

The STEM Internship program offers qualifying companies up to $5,000 per intern, with each employer eligible for up to $50,000 per year. This helps companies like IDx pay student interns, with the goal of transitioning them to full-time employment once they graduate.

This program is one of a number of different programs the IEDA offers Iowa companies to help add, retain and train skilled workers. To see more programs, visit iowaeconomicdevelopment.com/business.

 

 

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Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
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