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Proof of Commercial Relevance (POCR) Loan

BIOCONNECT IOWA

Funding Amount

$25,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Proof of Commercial Relevance (POCR) Loan

Overview: A loan program administered by the Iowa Economic Development Authority (IEDA) to support early-stage commercialization activities for Iowa startups.

Geographic Scope: Iowa

Administering Agency: Iowa Economic Development Authority (IEDA)

Eligible Uses:

  • Market analysis

  • Intellectual property (IP) development and evaluation

  • Proof of concept work

  • Product refinement

  • IP portfolio expansion
  • Award Amount: $25,000 per award

    Recent Examples:

  • Classroom Clinic: $25,000 for market analysis and IP development and evaluation

  • FBB Biomed: $25,000 to expand intellectual property portfolio

  • Janas Materials Inc.: $25,000 for IP development and evaluation, proof of concept work and product refinement
  • Eligibility: Iowa-based startups and small companies (examples include G2M accelerator participants, ISU spin-offs)

    Review Process: Awards recommended by Technology Commercialization Committee and approved by IEDA Board

    Contact: Iowa Economic Development Authority

    Focus Areas & Funding Uses

    Fields of Work

    startupssmall-businesses

    Categories

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