Next Stage Funding for "Growing Iowa’s Own"

Innovation funding has become a reality in Iowa. HF 615 was approved by the Iowa Legislature and signed by Governor Branstad today. HF 615, originally named the Iowa Innovation Fund, fills the critical gap between angel and venture capital funding for emerging Iowa businesses. It is often referred to as "next stage" funding because it provides capital for businesses to evolve and move forward. HF 615 will help strengthen early stage funding in Iowa’s financing continuum by leveraging up to $32 million per year in new seed stage capital investments for Iowa-based businesses with high-growth potential.

Full Story: http://www.innovationamerica.us/index.php/innovation-daily/30111-next-stage-funding-for-growing-iowas-own?utm_source=innovation-daily—your-daily-newsletter-highlighting-global-innovation-news-and-trends&utm_medium=gazetty&utm_campaign=06-08-2013