261—102.6 (15E) Eligibility requirements and competitive scoring process.
	   102.6(1) Eligibility. In order to be eligible for financial assistance under the program, an applicant must meet the requirements of this rule. A service provider applying to the program must meet all of the following criteria for eligibility:
	      a.    	 The service provider must have its principal place of operations located in this state.
	      b.    	 The service provider must offer a comprehensive set of business development services to emerging and early-stage innovation companies to assist in the creation, location, growth, and long-term success of the company in this state.
	      c.    	 The business development services may be performed at the physical location of the service provider or the company.
	      d.    	 The business development services may be provided in consideration of equity participation in the company, a fee for services, a membership agreement with the company, or any combination thereof.
	   102.6(2) Competitive scoring criteria. The authority will award financial assistance on a competitive basis. In making awards of financial assistance, the authority will consider the following criteria:
	      a.    	 The business experience of the professional staff employed or retained by the service provider. 25 points.
	      b.    	 The business plan review capacity of the professional staff of the service provider. 15 points.
	      c.    	 The expertise in all aspects of business disciplines of the professional staff of the service provider. 15 points.
	      d.    	 The access of the service provider to external service providers, including legal, accounting, marketing, and financial services. 15 points.
	      e.    	 The service model and likelihood of success of the service provider and its similarity to other successful service providers in the country. 15 points.
	      f.    	 The financial need of the service provider. 15 points.
[ARC 0611C, IAB 2/20/13, effective 3/27/13; ARC 2501C, IAB 4/27/16, effective 6/1/16]