For purposes of this chapter, unless the context otherwise
requires:
"Authority" means the economic development
authority.
"Award" means the provision of financial or
technical assistance to a project.
"Board" means the members of the board in
whom the powers of the authority are vested pursuant to Iowa Code chapter
15.
"Committee " means the technology
commercialization committee created by the board.
"Financial assistance " means assistance
provided only from the funds, rights, and assets legally available to the
authority and includes but is not limited to assistance in the form of grants,
loans, forgivable loans, and royalty agreements.
"Fund" means the SSBCI demonstration fund
established in this chapter
"Innovative business " means a business
applying novel or original methods to the manufacture of a product or the
delivery of a service. "Innovative business" includes a business engaged in one
of the following industries classified by the NAICS:
1. Biosciences.
2. Information technologies.
3. Advanced manufacturing.
"IP " means intellectual property.
"NAICS" means the North American Industry
Classification System.
"SSBCI" means the State Small Business
Credit Initiative established by the United States Department of the
Treasury.
