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Accelerating the World's Startup Community

October 28, 2015

 Ninety days. That’s how long entrepreneurs from around the world will relocate to Cedar Rapids when their tech startups are accepted into the Iowa Startup Accelerator. It may not seem like much time to build, adapt and get their companies ready for potential investors, but you’d be amazed by what the Iowa Startup Accelerator can help entrepreneurs get done.

The 2015 class started August 3 and will finish off their 90-day stay in Cedar Rapids by pitching their product/idea/company to hundreds of potential investors on Launch Day (Nov. 5, 2015). Created in 2013 after seeing the potential for Iowa’s tech community to help startups thrive, the Iowa Startup Accelerator was Iowa’s first accelerator program. And although it’s only been around a short time, the founders are obviously doing something right – because they were recently honored with the App Economy Spotlight Award from the App Association in Washington, D.C. This national award recognizes them for creating an environment that fosters the growth of tech entrepreneurship in the Iowa City/Cedar Rapids Corridor.

The Iowa Startup Accelerator has helped fast track companies from New York to Australia. When companies are accepted into the Accelerator, teams can expect long days full of brainstorming and hard work. But it’s all worth it. That’s because not only are teams given $20,000 for six percent equity in their company – they also receive the opportunity to be introduced to outside funding opportunities from local, regional and national investors during and after the program.

After the 90 days are over, companies are often stronger and better positioned for growth. Iowa’s heritage inspires individual achievement, entrepreneurship and risk taking, so it makes sense that startups come here for help growing their business. And our innovation corridor has helped accelerate countless startups, patents, engineers and discoveries in biosciences, advanced manufacturing, energy production and more. What can we say? Iowa excels at acceleration.

Learn more about how Iowa can help accelerate your company’s growth by contacting us at opportunities@iowaeda.com.

 

 

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Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.348.6200
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