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Last night, the NewBoCo team attended the annual Prometheus Awards put on by the Technology Association of Iowa (TAI). Having been a long-time member of the organization, and a current board member, I’ve been attending this event since the very beginning 12 years ago. Back then, it was maybe a hundred or so state leaders, technology leaders, and economic developers kind of quietly celebrating our nascent technology ecosystem.
This year, however, shows just how much the technology industry in Iowa has grown: around 900 people attended the event, including the Lt. Governor Kim Reynolds and leaders statewide. More than a dozen winners were given awards from about 50 nominations.
The TAI cites some statistics to back up the importance of technology to Iowa’s economy:
- Iowa has an $11 billion technology industry
- Technology accounts for 8.8 percent of the state’s GDP
- Technology jobs employ over 76,000 workers
That’s a big deal, and TAI and the Prometheus Awards made sure it was front and center. My team was fortunate enough to win the LWBJ Impact Award, and I was fortunate enough to win CEO of the Year.
Those are pretty amazing wins, but the event also highlighted some of the challenges we face. In my acceptance speech I mentioned some of the headwinds we face as a state:
1. Our technology startups need even more support
In the past three years, a wide array of programs have come online to support entrepreneurs, and most of the fast growing startups are technology companies of some sort. With a decade of perspective, the progress is quite remarkable, actually.
But there’s a lot more to do, especially in terms of:
- resources available in rural areas, such as entrepreneurial support services, mentors and technical expertise
- access to early stage and growth capital
- access to technical and leadership talent willing and able to join a risky startup
- providing stronger mechanisms and incentives to keep businesses in Iowa over time as they grow and exit their companies
2. Women and minorities are tremendously underrepresented in Iowa’s technology industry
Just watching the event you can quickly see that the industry is dominated by men: the vast majority of attendees, people who walked across the stage, and the actual winners were white men. To TAI’s credit, their recently-formed Diversity & Inclusion Committee (that I’m a part of) is taking some strong steps forward. But it’s going to take a major concerted effort as a state if we want a reasonable balance of diversity in the technology industry in our state.
3. There are not enough kids learning computer science in schools
TAI has been working hard, as have organizations like the Governor’s STEM Advisory Council, to get computer science into more classrooms in Iowa. New legislation has been proposed to help train enough teachers to actually teach computer science in schools, but it will take years to implement fully. NewBoCo is working with Code.org to provide some of this training, but we need a major coordinated effort to make a big enough impact in our state.
So, while we should be justifiably proud of the progress we’ve made, this is no time to rest: there’s clearly much more work that needs to be done. Let’s get this done, together.
What do you think? Is Iowa on the right track?
Give me your thoughts at email@example.com.
Eric Engelmann founded Geonetric in 1999, and presently works as the Executive Director of NewBoCo in Cedar Rapids, Iowa. He’s a board member at Scrum Alliance, the Technology Association of Iowa, and GO Cedar Rapids.