Last week the Entrepreneurial Development Center (EDC) announced that the Iowa Seed Fund II made a $150,000 investment in iCONNECT, a marketplace for on-demand video interpretation services. Founded in 2012 and acquired in January by Cedar Rapids, Iowa-based URrelay Inc., iCONNECT plans to use the investment—as well as a Propel loan of $250,000 from the Iowa Innovation Acceleration Fund—to establish its headquarters in Cedar Rapids and complete technology for its first call center. The EDC is a not-for-profit business accelerator that helps facilitate growth and expansion for Iowa businesses. — Source: Entrepreneurial Development Center
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