IEDA board approves innovation funding for four startups

IEDA board approves innovation funding for four startups

/wp-content/uploads/2022/11/BR_web_311x311.jpeg

Business Record Staff | Jan 23, 2020 | 9:07 am |

<1 min read time

| 79 words | Entrepreneurship & Startups, Policy & Funding | Iowa Economic Development Authority, Malum Inc., Skilled Day, Skroot Laboratory, Virtual Insurance Tools, funding

The Iowa Economic Development Authority board approved awards for four startups in Ames, Iowa City, West Des Moines and West Liberty, the board announced on Friday. IEDA awarded a $25,000 Proof of Commercial Relevance (POCR) loan to Ames-based Skroot Laboratory Inc., a $100,000 loan from the Demonstration Fund to Iowa City-based Malum Inc., a $100,000 loan from the Demonstration Fund to West Des Moines-based Virtual Insurance Tools, and a $25,000 POCR loan to West Liberty-based Skilled Day.