Innovation funding has become a reality in Iowa. House File 615 was approved by the Iowa Legislature and signed into law by Gov. Terry Branstad.
H.F. 615, originally 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.
The Iowa Innovation Corp. believes H.F. 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.