Three start-ups get economic development loans from Iowa

Funds total $175,000

Wayland-based ChopLocal, which helps meat processors, butchers and farmers create an online storefront, manage orders and organize information, was among the start-ups that received loans from IEDA Friday. (Milwaukee Journal Sentinel/MCT)

On Friday, three eastern Iowa start-ups received innovation funding through the Iowa Economic Development Authority.

These companies were:

FBB Biomed in Coralville received $125,000 in loan from the Demonstration Fund — The biomedical company aims to demonstrate the performance of its reimbursable diagnostic prototype for brain diseases in the laboratory on patients with multiple sclerosis, Parkinson’s disease and of Alzheimer’s disease.

Harvest Increase Agriculture at Riverside secured $25,000 in a Proof of Business Suitability loan for product refinement – He wants to continue studying the chemical and physical properties of a series of fertilizer additives called SUPRGrow, application rates for get the most effective results and the app itself, according to IEDA.

ChopLocal to Wayland secured $25,000 Proof of Business Relevance loan for intellectual property development and assessment and market analysis – It helps meat processors, butchers and farmers build an online storefront , manage orders and organize information.

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