Iowa Economic Development Board Approves Awards to 3 Local Companies
May 22, 2017 | Uncategorized
On May 19, ICAD’s Mark Nolte joined three local start-up companies in Des Moines to present to The Iowa Economic Development Authority (IEDA) board. These three companies were all awarded innovation funding.
It is with great honor to announce, Innovas Technologies, ProCircular, and Voxello will receive loans through IEDA’s Demonstration Fund and Iowa Innovation Acceleration Fund.
Innovas Technologies was established in Coralville in 2014 and designs, engineers, manufactures and sells automated condenser cleaning systems both domestically and internationally. The company’s approach simplifies and automates the shell and tube cleaning process ensuring the cleanliness of chillers, condensers and heat exchanger surfaces. The board awarded the company a $100,000 loan from the Demonstration Fund for hiring key personnel.
North Liberty-based ProCircular is a cybersecurity and privacy firm dedicated to protecting client data. The company evaluates current risks and provides a business-driven security strategy that fits their clients’ unique needs. ProCircular specializes in providing support local and underserved markets. The board awarded the company a $100,000 loan via the Demonstration Fund for hiring key personnel, equipment, and market analysis activities.
VoxelloTM provides devices and services to help caregivers improve their standard of care through better communication with impaired or disabled patients. By enhancing patient-provider communication the company’s solutions will help hospitals and nursing facilities to reduce the rate of adverse medical events, improve evaluation metrics such as medical outcomes and patient satisfaction, and more easily meet hospital accreditation standards. The company is located in Coralville and was awarded a $250,000 loan via the Iowa Innovation Acceleration Fund primarily for product refinement.
Congratulations Innovas Technologies, ProCircular and Voxello!