Iowa’s startup companies are thriving and receiving accolades like never before.
Several Iowa companies and individuals recently were nominated for the 2014 Silicon Prairie Awards, which honor members of the startup community in Iowa, Nebraska and the Kansas City area for their outstanding products and achievements. Out of hundreds of nominations, 13 winners and 56 finalists were selected for the prestigious recognition, including several of Iowa’s own.
Bawte, a Des Moines startup with an app that allows users to tag purchased items and receive product manuals, was a finalist in the Best Creation category. Wade Arnold of Banno, a software company for financial institutions, was a finalist for Executive of the Year while Geoff Wood, founder of Gravitate, secured a finalist spot in the Silicon Prairie Champion category. David Tominsky, a spokesman for Iowa Startup Accelerator, received one of the three Silicon Prairie Champion awards. Other award winners include Built by Iowa, winner of Investor of the Year along with the John Pappajohn Entrepreneurial Center, which received Service Provider of the Year and Pear Deck, which was honored as the winner of New Startup of the Year.
These startups and entrepreneurs within the state are at great advantage thanks to their decision to make Iowa home. Through the years, Iowa has become the startup hub of the Midwest, as the state offers a multitude of benefits that support the startup community. Iowa not only boasts a talented workforce but also is a leader when it comes to capital funds invested, with an average investment deal more than 20 percent larger than the national average. Iowa’s business incubators and co-working centers offer resources and infrastructure to assist entrepreneurs in growing their ideas into reality. Some of these centers include the Iowa State University Research Park, University of Iowa Research Park, John Pappajohn Entrepreneurial Center, StartupCity Des Moines, Built by Iowa, Iowa Startup Accelerator and the latest addition, Gravitate, opening today.
It isn’t just startups finding success in Iowa. With one of the lowest costs of doing business in the nation and the state’s high quality of life, companies both big and small are deciding to locate or expand here. Iowa has established an ideal balance of infrastructure and investment to assist companies in establishing the momentum they need to succeed.