Statutes, codes, and regulations
Iowa Administrative Code
Agency 261 - ECONOMIC DEVELOPMENT AUTHORITYPart V - INNOVATION AND COMMERCIALIZATION ACTIVITIES
Chapter 105 - DEMONSTRATION FUND
Rule 261-105.8 - Application and review process

Iowa Admin. Code r. 261-105.8

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Current through Register Vol. 47, No. 5, September 4, 2024
Rule 261-105.8 - Application and review process
(1) An eligible business must submit an application for financial and technical assistance from the fund to the Iowa Department of Economic Development, Innovation and Commercialization Division, 200 East Grand Avenue, Des Moines, Iowa 50309, on a form provided by the department. Required forms and instructions are available at this address or at the department's Web site atwww, iowalifechanging. com.
(2) To apply for financial assistance from the fund, a business shall submit an application to the department, on a form provided by the department. The application will be reviewed by department staff, the committee and the board. The committee will make a recommendation to the board about an application. The board has final decision-making authority on requests for financial assistance from the fund. The board may approve, defer or deny an application.
(3) An application for assistance shall include all information required by the department including, but not limited to, the following:
a.Proposed product or service. A description of the proposed product or service, the experience of those involved in the proposed project, and the company resources.
b.Market research. A market research analysis that addresses questions such as:
(1) What are the competing or alternative technologies?
(2) What is the advantage of this new approach?
(3) What are the distribution plans?
(4) What is the estimated return on investment?
c.Commercialization. A description of the key next steps to making an impact with the innovation and a description of funding requirements necessary to overcome obstacles to success.
d.Work plan. A description of the strategy and key elements to be funded to address goals of the work plan, including project milestones.
e.Resources and budget. A budget that includes a detailed description of the sources, including the required match, and uses of the funds.

Iowa Admin. Code r. 261-105.8