On Friday, the Iowa Economic Development Authority (IEDA) Board approved innovation funding in support of six startups across the state. The companies are located in Ames, Cedar Falls, Des Moines, Fairfield, Iowa City, and North Liberty.
MedTech startup Spanton Board, Inc. of Fairfield has created the first, patent-pending, power-driven spine board to effectively safeguard athletes following a serious injury.
Eventually, Spanton Board plans to expand from the pro sports market to military and emergency medical services. The product operates like a conveyor belt and enables the transfer of individuals to a backboard, significantly reducing movement compared to a traditional board. The company was awarded a $100,000 Demonstration Fund loan for product refinement, market planning and entry activities, and key personnel.