The Iowa Innovation Corporation is a private non-profit corporation created by the 2011 Iowa General Assembly at the recommendation of the Iowa Innovation Council. As the state's designated innovation intermediary, the Corporation is charged with the implementation of specific innovation strategies developed jointly with the business-led Council to accelerate and capture the growth of the state's innovation-based economy. By combining the resources of both the public and private sectors, the Corporation is well positioned to compete for federal dollars to support the state's economic growth.
Small Business Innovation Research and Technology Transfer (SBIR/STTR) Outreach Program: technical assistance designed to increase the rate of successful grant applications for innovative businesses seeking federal grants through the Small Business Administration's SBIR/STTR programs.
Industry Applied Research: financial assistance to help connect university research to the needs of innovative businesses.
Proof of Commercial Relevance Program: financial assistance for innovative businesses that are pursuing proof of commercial relevance and marketability of a technology.
The Iowa Innovation Fund fills the critical gap between angel and venture capital funding for emerging Iowa businesses. The Fund will seek to secure sustainable growth in innovative companies located in Iowa, while investing in promising Iowa companies so that an evergreen fund can be developed that will ensure a continuous supply of capital for future investments.