261—60.2 (15) Definitions. In addition to the standard definitions located in 261—Chapter 173, the following definitions apply to the EVA program:
“Early-stage industry company”  or “early-stage company”  means a company with three years or less of experience in a particular industry.
“Eligible applicant” means an individual or business that has consulted with and obtained a letter of endorsement from an IDED-approved business accelerator or from another IDED-recognized entrepreneurial development organization.
“Eligible business” means a start-up company, an early-stage company, or an existing company that is developing a new product or technology.
“EVA” means the entrepreneurial ventures assistance program, authorized by Iowa Code sections 15.338 and 15.339.