Entrepreneurial Development Center

EDC Client, Involta, Recognized at TAI 2011 Prometheus Awards

CEDAR RAPIDS, IA—APRIL 8, 2011—The Entrepreneurial Development Center (EDC) is pleased to announce that its client, Involta, was among the Corridor businesses recognized last night at the sixth-annual Prometheus Awards, hosted by the Technology Association of Iowa (TAI). Involta received two honors at the technology event: Technology Company of the Year (Small/Medium) and the Company’s CEO, Bruce Lehrman, was named CEO of the Year. Involta builds, owns and operates Tier III data centers in the Midwest.  Involta was ranked #40 on the 2010 Inc. 500 list of Fastest Growing Companies in the country and #10 on the Corridor Business Journal’s list of Fastest Growing Companies in the Corridor for 2010.

The 2011 Prometheus Awards, held April 7, at the Meadows Convention Center in Altoona, IA, recognizes companies, innovations and individuals that positively impact Iowa's technology-based economy. Nearly 600 people were in attendance at the Awards to celebrate the best and brightest technology companies in Iowa. According to TAI President, Leann Jacobson, there were 83 nominations submitted this year—a record for the awards. 

 “We are pleased that our client Involta and its CEO, Bruce Lehrman, were recognized at the 2011 Prometheus Awards,” said Curt Nelson, President and CEO of the EDC. “Involta has experienced tremendous growth and these awards recognize their contribution to Iowa’s economy and advancements in technology.”

Additionally, EDC client, Corvida Medical, won the Pitch and Grow contest held earlier in the day. The contest featured 16 companies that presented their 60-second elevator pitches to a panel of judges. As the winner of the contest, Corvida was given the opportunity to address the entire room at the Prometheus Awards. Corvida Medical developed and patented a proven medical device enabling safer, more efficient, more affordable protection of healthcare workers during the treatment of cancer patients with chemotherapy and other hazardous IV medications.

Diamond V Mills (Cedar Rapids) was the other Corridor company to be recognized at the 2011 Prometheus Awards. Diamond V Mills received awards for Life Sciences Company of the Year and Technology Company of the Year (Large/Enterprise).

In addition, EDC clients Ovation Networks, Inc. (Cedar Rapids, IA) and Vision 1, LLC (Huxley, IA) were finalists for Best User of Technology. EDC client Genova Technologies (Cedar Rapids) was finalist for Breakout Company of the Year and Technology Company of the Year (Large/Enterprise). Terpenoid Therapeutics (Coralville), another EDC client, was finalist for Life Sciences Company of the Year and Hiawatha-based MobileDemand was a finalist for Technology Company of the Year (Small/Medium).

About the EDC
The Entrepreneurial Development Center was incorporated in 2003 as a community-sponsored, non-profit business accelerator. The company provides economic growth through the development and expansion of entrepreneurial enterprises and has successfully assisted over 400 Iowa-headquartered businesses. Its focus is on creating local wealth for area re-investment by growing and cultivating regional, national, and international businesses. Visit www.edcinc.org for details.