116 3rd St SE
Cedar Rapids, Iowa 52401
Three Eastern Iowa start-ups received innovation funding through the Iowa Economic Development Authority on Friday.
Those businesses were:
FBB Biomed in Coralville received $125,000 in a Demonstration Fund loan — The biomed company aims to demonstrate the performance of its prototype of reimbursable diagnostics for brain diseases in a laboratory setting on patients with multiple sclerosis, Parkinson’s disease and Alzheimer’s disease.
Harvest Increase Agriculture in Riverside got $25,000 in a Proof of Commercial Relevance loan for product refinement — It wants to continue investigating the chemical and physical properties of a series of fertilizer additives called SUPRGrow, the application rates to achieve the most effective results, and the application itself, according to the IEDA.
ChopLocal in Wayland obtained $25,000 in a Proof of Commercial Relevance loan for intellectual property development and evaluation and market analysis — It helps meat processors, butchers and farmers build an online storefront, manage orders and organize information.