Coralville start-ups get state funding

CORALVILLE - Three Coralville business start-ups received state funding on Friday.

The Iowa Economic Development Authority Board approved financial assistance for Iowa Adaptive Technologies and Higher Learning Technologies.

Iowa Adaptive Technologies develops devices and provides consulting services to help critically ill and disabled patients participate in their care.

The company was awarded $100,000 from the state's demonstration fund, which helps small- and medium-sized companies with commercialization activities.

Higher Learning Technologies, a company that makes test-prep apps for dental and nursing students, received $300,000 from the Iowa Propel Fund.

The propel fund, a seed capital co-investment program, is designed to accelerate private investment in Iowa-based start-up companies and to increase the overall investment impact. The state awards seed capital funds that match qualified private capital investments.

VIDA Diagnostics Inc., a diagnostics and therapeutic imaging informatics company for the early detection, diagnosis and treatment planning of pulmonary disease, received a $500,000 loan through the Iowa Innovation Acceleration Fun. The loan will help the company grow commercialization channels and develop its product.

The state awarded funding to six Iowa start-ups on Friday.