Proof of Commercial Relevance

Business Programs

Helping Companies Reach Commercialization

The Proof of Commercial Relevance (POCR) program is designed to define and articulate the opportunity for businesses that demonstrate a proof-of-concept for innovative technology.

  • Awards up to $25,000 in low interest loans with a 1:2 (private:public) match
  • Recommend the applicant has completed initial inquiry as to value proposition, target market and business model
  • Funds can be used for validation of market potential:
    • Beta testing activities that focus on validation of the technology/product, business model and marketing/distribution strategy/tactics (non-biomedical companies where regulatory approval is required)
    • Intellectual property development and evaluation, including in-depth analysis of market potential
    • Extended competitive analysis
    • Furthering translational development of a scientific discovery
  • Bio-medical companies in the medical device, therapeutic drugs and diagnostics areas that require regulatory approval may be eligible for the Investigative POCR program to identify gaps in technology; explore commercialization feasibility; and provide the foundation to attract management

  • Iowa-based company legally formed and registered with the Iowa Secretary of State
  • Fewer than 500 employees
  • Advanced manufacturing, bioscience or information technology industries
  • Validated concept or intellectual property and demonstrated proof-of-concept (functional prototype) of innovative technology solution
  • Seeking market validation of products/services and business model prior to commercial launch
  • Minimum of two co-founders/principals actively engaged in the business (expertise in core technology and business development/financial operations)
  • 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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