The Demonstration Fund provides financial and technical assistance to high technology prototype and concept businesses. The primary purpose of the fund is to help businesses with a high-growth potential reach a position where they are able to attract later stage private sector funding.
An eligible business must be an Iowa-based company developing a unique and competitive product, technology, or process that can be protected in the marketplace. Awards up to $150,000 are available for a single project. Companies however, must match the award with at least one dollar of non-state funding for every two dollars of state funding.
Businesses interested in applying can visit http://www.iowaeconomicdevelopment.com/business/ic/demonstration_fund.aspx to learn more.