Iowa Admin. Code r. 261-105.8

Current through Register Vol. 47, No. 11, December 11, 2024
Rule 261-105.8 - [Effective 1/15/2025] Application selection criteria

In reviewing applications for financial assistance, the committee and board shall consider the following criteria:

(1)Intellectual property. How the ownership of the IP is structured. Preference will be given to applicants with greater IP control by the business.
(2)Experience. The business's experience in productization and commercialization, and ongoing product maintenance.
(3)Estimate to completion. The business's work requirements and estimated timeline for completion, the credibility of the estimated timeline for completion relative to the business's experience, and the business's resources available to fulfill requirements and conform to a timeline.
(4)Market. The business's competitors, market for the business's product in Iowa and outside of Iowa, plausibility of the business's marketing plan, and the business's experience in the industry.
(5)Financial requirement. The availability of matching funds and other necessary funds to take the product to market.
(6)Distribution. The availability of channels to take the product to market.
(7)Expected return. Whether the expected return can be quantified, based on time to break even and long-term economic impact.

Iowa Admin. Code r. 261-105.8

Adopted by IAB December 11, 2024/Volume XLVII, Number 11, effective 1/15/2025