Iowa Administrative Code
Agency 261 - Economic Development Authority
Part V - Innovation and Commercialization Activities
Chapter 108 - Acceleration and Development of Innovative Ideas and Businesses
Rule 261-108.7 - Application Selection 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) Event plan. Whether the student competition topic area is hands-on and innovative and showcases career and educational opportunities within the targeted industries.
(2) Event sustainahility. Whether the application includes a plan for event sustainability and future growth.
(3) Financial requirement. Whether the application includes matching funds and in-kind match and whether the amount available is sufficient to complete the project.
(4) Collaboration. Whether the student competition demonstrates collaboration among academic institutions, business partners, state agencies and industry groups.
(5) Project outcomes. Whether the student competition outcomes include potential student-to-career and student-to-industry connections within the targeted industries.
(6) Review. Applications will be reviewed in the order received by the department. The board may approve, defer or deny each application for financial assistance, based on the availability of funds. To be considered for funding, an application must receive a minimum score of 65 out of a possible 100 points and meet all other eligibility criteria specified in these rules.
