The purpose of this Request for Proposals (RFP) is to solicit proposals from qualified not-for-profit
organizations to create jobs and wealth by enhancing the success of the commercialization
process. The primary goal of the statewide commercialization entity will be the diversification of
the Iowa economy through the development of new businesses and the expansion of existing
ones. The vehicle for this growth will be the development of commercially viable goods and
services based on innovations derived from new technologies. The following fee-based services
will be provided on a statewide basis:
a) Enterprise services
b) Access to capital
c) Networking opportunities between businesses and between businesses and the academic
research community
These services will be provided to entrepreneurs and to business enterprises on behalf of the Iowa
Department of Economic Development (IDED). The IDED intends to award a twelve-month
contract beginning on January 1, 2008, with the option to renew for at least two additional twelve
month periods. The IDED has approved the use at least $500,000 annually for this purpose.
Prospective Responders must submit a letter stating their intent to submit a proposal under
this RFP to IDED no later than 4:30 p.m., September 15, 2007.