IEDA Board approves assistance for six startups


News

Today, the Iowa Economic Development Authority (IEDA) Board approved assistance for six startups located in Ames, Ankeny, Boone and Des Moines.

Ames-based agtech company Hermes Biomaterials, Inc. develops tools that help researchers create stronger, higher-yielding crops. Its FGB device enables the precise delivery of genetic material into plant cells. The company received a $50,000 Proof of Commercial Relevance loan to support staff, lab equipment and supplies needed to grow and test soybeans. This investment will allow for additional in-house research and testing, accelerating product development and bringing new agricultural technologies to market more quickly.

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