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Find similar grantsProof of Commercial Relevance (POCR) Program is sponsored by Iowa Economic Development Authority. Provides funding to validate market potential for innovative technologies, including beta testing and intellectual property development.
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Proof of Commercial Relevance | Economic Development & Finance Authority Proof of Commercial Relevance 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 $50,000 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 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) Application Deadlines and Presentation Schedule Application Instructions and Award Terms (57. 55 KB) . pdf Iowa's Public Funding Continuum (168.
71 KB) . pdf NAICS Codes (81. 98 KB) Archived .
pdf POCR Evaluation Form (103. 59 KB) . pdf
According to the current listing, eligibility includes: Businesses demonstrating proof-of-concept for innovative technology. Confirm the full requirements in the official notice before applying.
The current listing shows up to $50,000 in low-interest loans with a 1:2 private-to-public match. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Proof of Commercial Relevance (POCR) Program is funded by Iowa Economic Development Authority. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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