IIP is an on-going program, created by the Iowa General Assembly. To be eligible, the company must demonstrate how successful results will increase jobs, profitability, or manufacturing performance. Securing federal funding to complete this research may take longer than the company is willing to wait. SBIR grants provide seed money for small businesses to conduct research and development directed toward product development. Often these small companies partner with universities to conduct this research.
STTR grants provide funding to assist small businesses in commercializing university technologies.
These grants require a partnership with a university or federal lab. CPBR provides funding to cost-share research projects with industry. Funding is awarded based on a grant competition and interest in participating industries to provide matching funds.