Three start-ups get Iowa Economic Development loans

Three start-ups get Iowa Economic Development loans


Total funds $175,000


Wayland-based ChopLocal, which helps meat processors, butchers and farmers build an online storefront, manage orders and organize information, was among start-ups receiving IEDA loans Friday. (Milwaukee Journal Sentinel/MCT)

Three Eastern Iowa start-ups received innovation funding through the Iowa Economic Development Authority on Friday.

Those businesses were:

FBB Biomed in Coralville received $125,000 in a Demonstration Fund loan — The biomed company aims to demonstrate the performance of its prototype of reimbursable diagnostics for brain diseases in a laboratory setting on patients with multiple sclerosis, Parkinson’s disease and Alzheimer’s disease.

Harvest Increase Agriculture in Riverside got $25,000 in a Proof of Commercial Relevance loan for product refinement — It wants to continue investigating the chemical and physical properties of a series of fertilizer additives called SUPRGrow, the application rates to achieve the most effective results, and the application itself, according to the IEDA.

ChopLocal in Wayland obtained $25,000 in a Proof of Commercial Relevance loan for intellectual property development and evaluation and market analysis — It helps meat processors, butchers and farmers build an online storefront, manage orders and organize information.





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