Demonstration Fund

Business Programs

Helping Businesses Develop & Bring New Technologies and Concepts to Market

The Demonstration Fund is designed to provide assistance to companies with market-ready innovative technologies or products that have a clear potential for commercial viability.

  • Assists companies with marketing and business development activities
  • Helps businesses with high-growth potential reach a position to attract follow-on private sector funding
  • Awards up to $125,000
  • Funds are primarily in loans or royalty arrangements with a 1:2 (private:public) match
  • Funds can be used for:
    • Acquiring management/marketing personnel or expertise
    • Purchasing equipment
    • Developing and executing marketing and distribution strategy
    • Creating marketing materials
    • Developing/expanding lead compounds (bioscience - pharmacology)
    • Business model validation and refinement
    • Market feedback on technology and recommended enhancements

Read the full Administrative Rules of the program.

  • Iowa-based company with innovative technology solution
  • Fewer than 500 employees
  • Commitment to commercialize product(s) in advanced manufacturing, bioscience or information technology industries
  • Competitive and protectable product, technology or process
  • Product ready for market introduction (exception for bioscience and medical device requiring regulatory approval)
  • Essential management team in place (business development, financial operations and technology) 
  • Applications reviewed on an ongoing basis with funding decisions bi-monthly
  • IEDA has engaged the services of VentureNet Iowa to manage the application review process
  • Contact VentureNet Iowa at innovation@iowaeda.com for current application and to verify eligibility
  • Applicant completes panel review process and presentation to the IEDA Technology and Commercialization Committee (TCC).
For more information, contact:

Jill Lippincott

Adrienne Greenwald, VentureNet Iowa

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