Iowa Code r. 261-105.3 - Project funding
(1) Awards
are made on a per-project basis upon board approval.
(2) The committee and board may establish
maximum award amounts for each program component.
(3) POCR funds may be used for third-party
technology evaluation, regulatory analysis, identifying partners or
manufacturers, IP development and evaluation, validation of market potential,
beta testing, or team assembly. Demo funds may be used for marketing, sales,
distribution, product refinement or market research.
(4) Funds may not be used for university
overhead expenses or any work that was conducted by the applicant or any
third-party consultant prior to the term of the financial assistance
contract.
(5) The forms of
financial assistance may consist of but are not limited to loans, forgivable
loans, grants and such other forms of assistance the committee and the board
deem appropriate and consistent with the needs of a given project.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.