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The Iowa Innovation Fund, fills the critical gap between angel and venture capital funding for emerging Iowa businesses.

A new state program aims to bolster promising businesses owned by women, minorities and veterans in need of investment.

State doing well at boosting startup companies, but funds for firms in later stages are lacking.

Under the chamber’s Innovation Blueprint 3.0 program, a group of businesspeople, residents and municipal leaders will work together as "Team Boulder" to advance five components:

In December 1992, the state Department of Economic and Community Development gave Thule a $200,000 grant and a $1 million low-interest loan to set up its U.S. manufacturing operations in the state. And the state’s investment is turning a profit, an outcome that Connecticut hopes to replicate in the more than $100 million in similar deals that the state made last year.

"We’ve done 24 economic studies … and they all say the same thing, you need to have investment capital to grow business.

"Successful start-ups are essential to creating new products, jobs and economic growth. The IIF will continue to co-invest government capital with private investor capital into early-stage Australian technology based companies."

"We’ve got much bigger competition for companies that are expanding to other states and countries instead of keeping their growth in Silicon Valley."

Gov. John Hickenlooper, attending the Venture Capital in the Rockies http://www.rockymountainvca.com/ annual winter summit in Beaver Creek, told reporters there that $100 million had been raised from Colorado business leaders