Iowa City, IA (PRWEB) September 14, 2010
Celadon Applications, (http://www.CeladonApps.com ), innovative creator of Road2™ and other software applications for the electric vehicle and alternate energy markets, has received their grant funds from the Iowa Department of Economic Development's (IDED) Demonstration Fund.(http://bit.ly/9FBWpX)
The funds will be used to support new product development and marketing efforts to help serve the exciting and growing electric car and truck markets. The award has also partially supported Celadon's new offices in the University of Iowa's Innovation Center.
The IDED Demonstration Fund provides capital in the form of grants to encourage development activities by Iowa companies. The fund encourages commercialization of innovation to foster competitive, profitable companies that create high paying jobs and wealth in Iowa.
The Pappajohn Entrepreneurial Center (http://www.iowajpec.org/) at the University of Iowa has also recognized Celadon Applications as a high potential company as a developer of applications for the blossoming electric car market (Nissan Leaf, GM Volt, Tesla, Toyota Prius and others)
“Small businesses are the foundation of real job growth in our state, and I continue to be impressed by the innovative products developed right here in Iowa,” Governor Chet Culver stated recently said (http://bit.ly/cAssa2). “It is vital for the state to support these growing industries, and the Iowa Demonstration Fund awards will help these businesses continue to expand and create good-paying jobs.”
Celadon Applications is a software company based in Iowa City, IA is a provider of products for the hybrid and electric vehicle industry headquartered in Iowa City, IA. Celadon created Road2(TM), a vehicle range calculator that enables drivers to determine how far they can drive on their remaining charge, taking into account terrain, weather forecasts, and various other factors.
For more information contact:
2261 Crosspark Road
Coralville, IA 52241