The Iowa Economic Development Authority (IEDA) has approved innovation funding in support of four Iowa startups. Here are the startups that received funding.
Distynct
Ames-based Providence Data Technologies, doing business as Distynct, provides an internet-based remote monitoring and alarm platform for livestock facilities, which allows producers to optimize personnel by directing them to the most significant problems of the day. This solution helps avoid catastrophic events on farms, ultimately improving performance and mitigating brand risk.
The company was awarded a $100,000 Demonstration Fund loan for IP development and evaluation, proof of concept work, product refinement, key personnel, equipment, and construction.
Sublime Stericeuticals Corporation
Headquartered in Ames, Sublime Stericeuticals Corporation delivers an efficient and consistent pharmaceutical lyophilization process. The approach to produce freeze-dried drug products offer time and cost efficiencies, as well as a high-quality result due to the closed, sterile environment with their patented Cryophilizer system technology.
The company was awarded a $25,000 Proof of Commercial Relevance loan for proof of concept work, product refinement, market planning and entry activities, and equipment.
Firefly Photonics
Coralville’s Firefly Photonics develops infrared light-emitting diode (LED) and photodiode (PD) components, which are used in methane and carbon dioxide gas sensing. The light sources are critical to the success of wireless, battery-powered gas sensors, solving problems with power consumption, turn-on time and maintenance.
The company was awarded a $100,000 Demonstration Fund loan for product refinement.
Pitchly
A global provider of Software-as-a-Service (SaaS) applications in Des Moines, Pitchly offers customers the ability to access, search, edit and share data to fellow employees and connect the data to common work tasks. The software provides significant savings in employee time by automatically updating data to the current version.
The company was awarded an Innovation Acceleration Propel Fund loan for product refinement, market planning and entry activities, and key personnel.
Article by Jake Slobe of Clay & Milk
https://clayandmilk.com/2022/01/25/four-iowa-startups-receive-ieda-funding/