Iowa Administrative Code
Agency 261 - Economic Development Authority
Part V - Innovation and Commercialization Activities
Chapter 104 - Innovative Businesses Internship Program
Rule 261-104.12 - Application Scoring Criteria
Current through Register Vol. 47, No. 6, September 18, 2024
When applications for financial assistance are reviewed, the following criteria shall be considered:
(1) The intern is involved in a substantive experience in one or more of the following areas: research and development; engineering; process management and production; product experimentation and analysis; product development; market research; business planning and administration. 25 points.
(2) The explanation of the applicant's anticipated workforce needs and of the intern's potential for prospective employment with the business following graduation. 20 points.
(3) The extent to which the internship duties require independent judgment, creativity, and intelligence to complete and contribute to the business's goals or processes. 10 points.
(4) The internship will have a positive impact on the intern's skills, knowledge and abilities. 15 points.
(5) The internship pays more than twice the minimum wage. 10 points.
(6) The business's contribution to the internship program is above the minimum program match requirement. 10 points.
(7) Intern applications will be accepted from more than one private college, university or community college. 5 points.
(8) The application documents that all considerations, including funding required to begin the internship, have been addressed. 5 points.
