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Iowa Innovation Fund to provide capital for high-growth companies

July 5, 2013 /

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The Iowa Innovation Council is working to build a new funding vehicle to help startup companies in the state to grow.

With recent legislative changes in the proposed Iowa Innovation Fund, the council is now in the process of interviewing prospective fund managers, said Cara Heiden, a member of the council’s board of directors. The fund, which will be marketed to sophisticated, high-net-worth investors, will be used to support high-potential companies in the state’s targeted industries of advanced manufacturing, biosciences and information technology.

Full Story: http://www.businessrecord.com/Content/Mobile-Home/Mobile/Article/Industry-Report_-Manufacturing—Logistics/-5/-5/58791

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