Source: Clay & Milk, by Jake Slobe

Iowa Innovation Corporation—the state’s public-private partnership for economic development—is now BioConnect Iowa, a name change that better reflects the organization’s focus on expanding the state’s bioscience sector.

“Innovation in the biosciences offers a great opportunity for Iowa,” said Paul Schickler, chair of BioConnect Iowa’s Board of Directors in an announcement. “Advances in this area will help Iowa farmers improve operations and will provide high-paying jobs for Iowa residents, including our youth. BioConnect Iowa will play an important role in reaching these goals.”

The name change coincides with the award of a three-year grant by the U.S. Economic Development Administration to BioConnect Iowa and its partners: Iowa State University Startup Factory and VentureNet Iowa. This grant will be used to develop the Iowa Go-to-Market (G2M) Program, which will feature a startup accelerator.

“Iowa’s reputation and success as a bioscience epicenter is characterized by a continuous focus on innovation and collaboration,” said Debi Durham, director of the Iowa Economic Development Authority and Iowa Finance Authority. “The transformation of the Iowa Innovation Corporation to BioConnect Iowa is another element of this narrative advancing the state’s thriving biosciences industry.”

BioConnect Iowa will continue to manage the state’s Small Business Innovation Research and Technology Transfer Outreach Program, which connects entrepreneurs to federal grants.

Read the article at clayandmilk.com

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