State details first six months of commercialization efforts
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The Iowa Department of Economic Development recently issued its first six-month report detailing activities of its new Innovation and Commercialization Division. Authorized in 2007 by the Legislature, the division has awarded nearly $2 million out of $6.9 million in funding this fiscal year to projects to further develop the targeted industries of advanced manufacturing, biosciences and information solutions. Here is a summary of the awards so far:
|
|
Available funding |
Projects awarded |
Amount awarded |
|
College student internships |
$480,000 |
28 internships |
$86,800 |
|
Community college |
$1 million |
1 * |
$1 million |
|
IT training funds |
$500,000 |
9 training programs |
$25,873 |
|
Student competitions |
$130,000 |
2 |
$100,000 |
|
Career awareness campaign |
$250,000 |
1 ** |
$80,000 |
|
Demonstration fund |
$2.5 million |
6 companies |
$475,000 |
|
IT joint venture fund |
$500,000 |
None to date |
|
|
Networking events |
$160,000 |
3 |
$9,000 |
|
Statewide commercialization |
$500,000 |
1 *** |
$150,000 |
|
Management talent |
$280,000 |
None to date |
|
Total awarded: $1,926,273
* awarded to Project Lead the Way, an engineering career program for high school students
** awarded to Technology Association of Iowa for its Technology Ambassadors Campaign for middle school and high school students
*** contract awarded to the Iowa Association of Business and Industry
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