Iowa’s POCR Fund gives six startups a boost
IOWA — Iowa’s Proof of Commercial Relevance (POCR) Fund provides financial assistance to innovative businesses that are pursuing proof of commercial relevance and marketability of a technology. The fund is designed to assist businesses with new technologies that have completed the proof of concept stage and are ready to be subjected to the rigors of the proof of commercial relevance stage that includes defining the market for the product and perfecting the product to meet market needs.
Award recommendations for the POCR fund are made by the Technology Commercialization Committee (TCC) to the IEDA Board for approval.
Accelerated Ag Technologies (AAT) is a biotech startup based in Urbandale with a mission to increase the reliability of the world’s seed and grain supply. AAT has developed a patent pending process that will increase corn parent seed yields. The company was awarded a $25,000 Proof of Commercial Relevance grant.
Dubuque-based Atmo, was founded in 2015 by three entrepreneurs with the goal of creating a unique technology platform to change the way people communicate and collaborate through emerging hardware. The company was awarded a $25,000 POCR grant to assist with commercialization validation efforts. These validation efforts include pre-pilot surveys, pilot implementations, additional patent and intellectual property investigation and value proposition discovery in the form of quantifiable return on investment.
Innovas Technologies designs, manufactures and distributes the Helios online condenser cleaning system for large industrial institutions. Helios operates by automatically injecting sponge rubber balls into the normal flow of a shell and tube heat exchanger. The balls serve to prevent fouling buildup in the condenser thus improving heat exchange. The Coralville-based company was awarded a $25,000 POCR grant to refine the Helios Energy Monitoring System.
iotaMotion, Inc., located in the University of Iowa’s Research Park in Coralville, was founded to address current cochlear implant shortcomings with the vision of developing the next breakthrough in cochlear implant hearing technology. The company’s goal is to make the cochlear implant work better and be available to more of the 53 million people worldwide suffering from severe, disabling hearing loss. The company was awarded a $25,000 POCR grant to hire regulatory and technology consultants.
Coralville-based MedFace, a diagnostics firm founded in 2014, was awarded a $25,000 POCR grant.
Trokt/Grievance Tracker by Meidh Technologies is a cloud-based negotiation management software solution that ensures negotiated documents reflect the intentions of the negotiation teams. The Des Moines-based company was awarded a $25,000 POCR grant to perfect the company’s sales strategy and refine the version requirements needed to grow the number of users.