The Iowa Startup Accelerator on Monday accepted a national award for creating an environment that fosters the growth of tech entrepreneurship in the Corridor.
ACT, The App Association in Washington, D.C., recognized the startup accelerator with its App Economy Spotlight Award. Previous recipients have made extraordinary contributions in their communities to promote innovation in the app economy.
Morgan Reed, executive director of ACT, The App Association, said he has heard Sen. Chuck Grassley, R-Iowa, speak proudly in Washington, D.C., of the entrepreneurial culture of companies in Iowa.
“With top app companies flourishing in the Cedar Rapids area, we had to come check it out for ourselves,” Reed said. “The Iowa Startup Acceleator recently launched its second cohort with an impressive group of start-ups spanning health, music, commerce and education.
“We have visited startup accelerators across the country. We were amazed with the breadth of the entrepreneurs you are attracting and the way you are coalescing people around some original ideas.”
Grassley said the Iowa Startup Accelerator, housed in the Geonetric building at 415 12th Ave. SE in Cedar Rapids, is building on an entrepreneurial spirit that has existed in Iowa for generations.
“A hundred years ago, Iowans were discovering how to fed the world through cutting-edge science and innovation, and we’re obviously still doing that,” Grassley said. “Very recently, new technologies are being advanced in Iowa that have the potential to change the world.”
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Eric Engelmann, president and CEO of Geonetric, who accepted the award along with David Tominsky, program manager of the Iowa Startup Accelerator, said the award is recognition of a thriving entrepreneurial environment in the Corridor.
“There’s a lot of energy in Eastern Iowa around building these kinds of businesses and exploring new technologies to make things happen,” said Engelmann, managing director of the Iowa Startup Accelerator. “I’m not sure how many people realize what’s going on. It just doubles down on what is happening in the community.”