IEDA approves assistance for four innovation startups in Iowa | IEDA
Summary
The companies are located in Ames, Des Moines and Solon.The SSBCI program invests in Iowas small businesses through federal assistance targeted at expanding access to capital that supports growth. The Innovation Fund, one of four areas established under the initiative, increases funding opportunities across Iowas innovation continuum to assist entrepreneurs through concept, launch and expansion.Ames-based Distynct, Inc. provides a remote monitoring system that deploys reliable internet connectivity to rural areas and sensors that collect critical barn data to support precision livestock farming. The company was awarded a $250,000 Innovation Acceleration Launch Fund loan for key personnel and market planning and entry activities.A global provider of Software-as-a-Service (SaaS) applications in Des Moines, Pitchly, Inc. offers customers the ability to access, search, edit and share data to fellow employees and connect the data to common work tasks. The company was awarded a $1 million Innovation Acceleration Expansion Fund loan for key personnel and product refinement.SwineTech, based in Solon, offers software and services for pork producers to improve operational efficiencies, employee engagement and pig care. PigFlow, their workforce management and point-of-care platform, accomplishes that by improving communication and organization while streamlining daily workflows and reinforcing compliance.