Members of the newly created Iowa Innovation Council say the state needs to drive its economy through innovation, a long-term structural change that promises Iowans better-paying jobs.
The group plans to start a seed fund, used to invest in young companies, raising as much as $100 million in private investment within three years. The fund would invest $500,000 to $3 million in promising startup companies, targeting bioscience, advanced manufacturing and information technology, organizers say.
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Author: DONNELLE ELLER