IEDA Board approves assistance for six startups

16 Jan 2026

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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