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Innovation Acceleration Fund is sponsored by Iowa Economic Development Authority. The Innovation Acceleration Fund supports the acceleration of innovative Iowa businesses.
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Innovation Acceleration Fund | Economic Development & Finance Authority Innovation Acceleration Fund The Iowa Innovation Acceleration Fund promotes the formation and growth of businesses that engage in the transfer of technology to competitive, profitable companies that create high-paying jobs.
Funds are designed to accelerate the pace of market development, leverage private investment and industrial expansion efforts that result in significant capital investment. The fund provides financing to eligible businesses through three program components that correspond to different stages of growth for investment-grade, high-growth enterprises.
Launch and Propel awards are in the form of royalty arrangements or secured loans with a 1:1 (private:public) match Expansion awards are in the form of secured loans with a 1:1 (private:public) match. The fund is split into these programs: Awards up to $250,000 to help revenue generating companies overcome the principal challenges of scaling and move from a commercially viable product to an established customer base.
Awards up to $500,000 to accelerate market development for companies that have critical management in place, have a validated business model and an established customer base that’s generating substantive revenue Awards up to $1,000,000 to encourage expansion of product lines in companies that have a complete management infrastructure, a demonstrated historical profitability and an established customer base; funding provides assistance for product refinement and market expansion activities for unique, innovative and competitive products.
Advanced intellectual property development and evaluation, including in-depth analysis of market potential (bioscience) Further competitive analysis, advanced development of a scientific discovery (bioscience) Product focus group research (medical device) Enhancement of existing product for additional platform applicability to extend addressable market (software) Recruitment and hiring of key personnel and related activities Achievement of product economies of scale Expansion of marketing and sales-related activities Iowa-based company with innovative technology solution(s) Commitment to commercialize the product in the advanced manufacturing, bioscience or information technology industries Competitive and protectable product, mature technology or process Established customer base Significant/substantive revenue Demonstrated financial and operational stability 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) or State Small Business Credit Initiative Committee (SSBCI) Application Deadlines and Presentation Schedule (38. 15 KB) Archived . pdf Application Instructions and Award Terms (59.
92 KB) . pdf Evaluation Form (35. 44 KB) .
pdf Iowa's Public Funding Continuum (48. 42 KB) . pdf NAICS Code (81.
98 KB) . pdf
Based on current listing details, eligibility includes: Iowa-based companies with fewer than 500 employees engaged in technology transfer in advanced manufacturing, bioscience, or information technology. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Up to $1,000,000 (Innovation Expansion tier) Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.