reglab/statecodes huggingface dataset:
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 106 - Small Business Innovation Research and Technology Transfer Outreach Program › Rule 261-106.2 - Purpose and Goals

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The purpose
				of the small business innovation research and technology transfer outreach
				program is to assist businesses with applications to the federal Small Business
				Innovation Research and Small Business Technology Transfer Programs. The
				program will provide financial and technical assistance to businesses for that
				purpose.
(2) The goals of providing
				this assistance are to increase the number of successful grant and contract
				proposals in the state, increase the amount of funds awarded in the state,
				stimulate subsequent investment by industry, venture capital, and other
				sources, and encourage businesses to commercialize promising
				technologies.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 106 - Small Business Innovation Research and Technology Transfer Outreach Program › Rule 261-106.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
As used in this chapter, unless the context otherwise
				  requires:
"Applicant"
means a business applying to the
				  authority for assistance under the program.
"Assistance"
means technical and financial
				  assistance available under the program.
"Authority"
means the economic development
				  authority created in Iowa Code section
				  15.105.
"Award"
means SBIR/STTR grant and contract
				  funds awarded by federal agencies.
"Board"
means the members of the economic
				  development authority appointed by the governor and in whom the powers of the
				  authority are vested pursuant to Iowa Code section
				  15.105.
"Committee"
means the technology
				  commercialization committee established by the board pursuant to 261-Chapter
				  1.
"Corporation"
means the bioscience
				  development corporation established pursuant to Iowa Code section
				  15.107.
"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.
"Innovative business"
means the same as
				  defined in Iowa Code section
				  15E.52(1)
"c."
"Program"
means the small business
				  innovation research and technology transfer outreach program established
				  pursuant to Iowa Code section
				  15.411.
"SBIR/STTR"
means the federal Small Business
				  Innovation Research and Small Business Technology Transfer
				  Programs.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 106 - Small Business Innovation Research and Technology Transfer Outreach Program › Rule 261-106.4 - Program Description, Application Procedures, and Delegation of Functions

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
General description.
The program provides technical assistance
				and financial assistance to applicants seeking SBIR/STTR funding. All awards of
				financial assistance must ultimately be approved by the board, after a
				recommendation by the committee, and an agreement must be entered into with the
				authority before moneys will be disbursed.
(2)
Program components and
				activities.
The program has two primary components, a technical
				assistance component and a financial assistance component, both of which are
				intended to increase the number of phase I, phase II, and fast track SBIR/STTR
				awards for Iowa businesses. The corporation shall be the primary provider of
				technical assistance to applicants and shall also work with the authority to
				provide financial assistance.
a. In providing
				technical assistance, the corporation shall develop a pre-proposal submission
				component that facilitates expert peer reviews from commercial reviewers with
				in-depth market knowledge. The resulting reviews should provide the applicant
				with a set of recommendations and tips for troubleshooting SBIR/STTR proposals.
				The corporation shall ensure that the applicants develop and implement
				recommendations for their proposals based on industry best practices.
b. The corporation shall provide services
				that include the following:
(1) Detailed
				outlines and other tools to make the drafting of a proposal and other
				accompanying documentation less daunting.
(2) Reviews and critiques of iterative drafts
				to improve the structure and narrative of both the research and the
				commercialization plans.
(3)
				Evaluation of budgets and budget justifications to produce stronger
				applications and avoid "leaving money on the table."
(4) Assistance with the electronic
				registrations and the application submission process.
c. In working with the authority to provide
				financial assistance, the corporation shall perform the functions delegated
				pursuant to subrule 106.4(4).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 106 - Small Business Innovation Research and Technology Transfer Outreach Program › Rule 261-106.5 - Program Funding

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Program funding limitation.
Each year, the authority allocates
				moneys for purposes of the programs listed in Iowa Code section
				15411.,
				including this program. The amount allocated each year will depend on the
				amount appropriated to the authority by the general assembly. The authority may
				allocate other funds to the program as such funds may from time to time become
				available.
(2)
Individual
				applicant limitation.
The authority will not award more than $100,000
				in financial assistance to any applicant for any individual federal SBIR/STTR
				award.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 106 - Small Business Innovation Research and Technology Transfer Outreach Program › Rule 261-106.6 - Eligibility Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
In order to be eligible for financial or technical assistance
				  under the program, an applicant must meet the following requirements:
(1) The applicant must be an innovative
				business.
(2) The applicant must
				have a reasonable likelihood of receiving SBIR/STTR grant funds, must be likely
				to stimulate subsequent investment by industry, venture capital, and other
				sources, and must be likely to commercialize some promising
				technology.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 106 - Small Business Innovation Research and Technology Transfer Outreach Program › Rule 261-106.7 - Agreement and Report Information Required

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Agreement required.
An
				applicant awarded financial assistance under the program shall enter into an
				agreement with the authority for the receipt of such funds. The authority will
				include in the agreement all terms and conditions for receipt of the funds,
				including any terms recommended by the corporation. The tracking and monitoring
				of the agreement terms will be delegated to the corporation. The corporation
				shall provide regular reports to the authority on the progress of the applicant
				and on the results of the tracking and monitoring. The authority will make the
				final determination as to compliance with the terms of the agreement and as to
				whether and when to disburse funds to the applicant.
(2)
Reporting information
				required.
An applicant may be required to submit all information
				necessary for the authority to compile a report on the results of the program.
				The authority will include terms in the required agreement effectuating this
				requirement.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 106 - Small Business Innovation Research and Technology Transfer Outreach Program › Rule 261-106.8 - Contract and Reporting

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Notice of award.
Successful applicants will be notified in
				writing of an award of financial assistance, including any conditions and terms
				of the approval.
(2)
Contract required.
The department shall prepare a contract,
				which includes, but is not limited to, a description of the project to be
				completed by the community college(s); conditions for disbursement; required
				reports; and the repayment requirements imposed in the event the community
				college(s) does not fulfill its obligations described in the contract and other
				specific repayment provisions ("clawback" provisions) to be established on a
				project-by-project basis.
(3)
Reporting.
An applicant shall submit any information requested
				by the department in sufficient detail to permit the department to prepare the
				report required pursuant to 2007 Iowa Acts, House File 829, section 10, and any
				other reports deemed necessary by the department, the board, the general
				assembly or the governor's office.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 108 - Acceleration and Development of Innovative Ideas and Businesses › Rule 261-108.1 - Authority

Current through Register Vol. 47, No. 3, July 24, 2024
The authority for adopting rules establishing a program to
				  accelerate the development of innovative ideas and businesses by providing
				  assistance for the expansion of the proof of commercial relevance concept, the
				  expansion of applied research, and support for a manufacturing extension
				  partnership program under this chapter is provided in Iowa Code section
				  15.411.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 108 - Acceleration and Development of Innovative Ideas and Businesses › Rule 261-108.2 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the targeted industries student competition
				  fund is to provide financial assistance to support sponsorships of student
				  competitions in the targeted industries in order to increase the students'
				  knowledge of the targeted industries and job opportunities in the targeted
				  industries and to engage students, educators and parents in exploring careers
				  in those industries. The goals of the sponsorships are to showcase educational
				  and career opportunities in the targeted industries area to students; to
				  increase the number of students enrolled in targeted industries technical
				  programs and majors; and to connect students with business mentors for future
				  career planning, internship and employment opportunities. The long-term goal of
				  the fund is to encourage existing student competitions in the targeted
				  industries to collaborate and implement a single, high-profile statewide
				  student competition that features several student events and that highlights
				  student achievements and career applicability.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 108 - Acceleration and Development of Innovative Ideas and Businesses › Rule 261-108.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
As used in this chapter, unless the context otherwise
				  requires:
"Applicant"
means an innovative business or
				  other business, a university, a nonprofit organization, or another entity
				  applying to the authority for assistance under the program.
"Applied research"
means a systematic
				  inquiry into the practical application of science and technology. Applied
				  research includes translational research, participative research, and other
				  related terms that are similar to or share the goals of applied
				  research.
"Assistance"
means technical and financial
				  assistance available under the program.
"Authority"
means the economic development
				  authority created in Iowa Code section
				  15.105.
"Board "
means the members of the economic
				  development authority appointed by the governor and in whom the powers of the
				  authority are vested pursuant to Iowa Code section
				  15.105.
"Committee"
means the technology
				  commercialization committee established by the board pursuant to 261-Chapter
				  1.
"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.
"Innovative business"
means the same as
				  defined in Iowa Code section
				  15E.52(1)
"c."
"MEP"
means a manufacturing extension
				  partnership and its associated program component.
"POCR"
means the proof of commercial
				  relevance concept and its associated program component.
"Program"
means the components of the
				  program established in this chapter pursuant to Iowa Code section
				  15.411.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 108 - Acceleration and Development of Innovative Ideas and Businesses › Rule 261-108.5 - Eligible Applicants

Current through Register Vol. 47, No. 3, July 24, 2024
Eligible applicants must be industry groups, businesses or
				  academic sponsors of a student competition designed for the showcasing of
				  career and educational opportunities to students within the targeted
				  industries.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 108 - Acceleration and Development of Innovative Ideas and Businesses › Rule 261-108.6 - Contract and Report Information Required

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Contract required.
An
				applicant awarded financial assistance under the program shall enter into a
				contract with the authority for the receipt of such funds. The authority will
				include in the contract all terms and conditions for receipt of the funds. The
				tracking and monitoring of the contract terms may be delegated to a service
				provider. A service provider to which the authority delegates tracking and
				monitoring of contract terms shall provide regular reports to the authority on
				the progress of the applicant and on the results of the tracking and
				monitoring. The authority will make the final determination as to compliance
				with the terms of the contract and as to whether and when to disburse funds to
				the applicant.
(2)
Reporting information required.
An applicant may be required
				to submit all information necessary for the authority to compile a report on
				the results of the program. The authority will include terms in the required
				contract effectuating this requirement.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 108 - Acceleration and Development of Innovative Ideas and Businesses › Rule 261-108.7 - Application Selection Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
When applications for financial assistance are reviewed, the
				  following criteria shall be considered:
(1)
Event plan.
Whether the
				student competition topic area is hands-on and innovative and showcases career
				and educational opportunities within the targeted industries.
(2)
Event sustainahility.
Whether the application includes a plan for event sustainability and future
				growth.
(3)
Financial
				requirement.
Whether the application includes matching funds and
				in-kind match and whether the amount available is sufficient to complete the
				project.
(4)
Collaboration.
Whether the student competition demonstrates
				collaboration among academic institutions, business partners, state agencies
				and industry groups.
(5)
Project outcomes.
Whether the student competition outcomes
				include potential student-to-career and student-to-industry connections within
				the targeted industries.
(6)
Review.
Applications will be reviewed in the order received by
				the department. The board may approve, defer or deny each application for
				financial assistance, based on the availability of funds. To be considered for
				funding, an application must receive a minimum score of 65 out of a possible
				100 points and meet all other eligibility criteria specified in these
				rules.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 108 - Acceleration and Development of Innovative Ideas and Businesses › Rule 261-108.8 - Contract and Reporting

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Notice of award.
Successful applicants will be notified in
				writing of an award of financial assistance, including any conditions and terms
				of the approval.
(2)
Contract required.
The department shall prepare a contract,
				which includes, but is not limited to, a description of the networking event to
				be completed by the applicant; conditions for disbursement; required reports;
				and the repayment requirements imposed in the event the applicant does not
				fulfill its obligations described in the contract and other specific repayment
				provisions ("clawback" provisions) to be established on a project-by-project
				basis.
(3)
Reporting.
An applicant shall submit any information requested
				by the department in sufficient detail to permit the department to prepare the
				report required pursuant to 2007 Iowa Acts, House File 829, section 10, and any
				other reports deemed necessary by the department, the board, the general
				assembly or the governor's office.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.1 - Authority

Current through Register Vol. 47, No. 3, July 24, 2024
The authority for adopting rules establishing a STEM
				  internship program is provided in Iowa Code section
				  15411(3).
				  as amended by 2015 Iowa Acts, Senate File 510, division XI, and in Iowa Code
				  section
				  15106A..
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.2 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the STEM internship program is to assist in
				  placing Iowa students studying in the fields of science, technology,
				  engineering, and mathematics into internships that lead to permanent positions
				  with Iowa employers.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Authority"
means the economic development
				  authority created in Iowa Code section
				  15105..
"Board"
means the members of the economic
				  development authority appointed by the governor and in whom the powers of the
				  authority are vested pursuant to Iowa Code section
				  15105..
"Business "
means any enterprise located in
				  this state which is operated for profit and under a single management.
"Committee "
means the technology
				  commercialization committee established by the board pursuant to 261-Chapter
				  1.
"Community college "
means a community
				  college established under Iowa Code chapter 260C.
"Designated internship period"
means the
				  summer or semester internship during which a student is employed in an
				  internship.
"Director "
means the director of the
				  economic development authority.
"Internship "
means temporary employment of
				  a student that focuses on providing the student with work experience in the
				  student's field of study.
"Program "
means the STEM internship program
				  established in this chapter.
"STEM field"
means a major course of study
				  within the fields of science, technology, engineering, or mathematics or a
				  related field. For purposes of this chapter, STEM field includes all majors and
				  academic or degree programs listed on the ACT-defined STEM majors and
				  occupations by area list. The ACT-defined STEM majors and occupations by area
				  list may be found at
http://www.act.org
. If a student has declared
				  a major or enrolled in an academic or degree program not listed on the
				  ACT-defined STEM majors and occupations by area list, the student may still be
				  found eligible for participation in the program if, in the authority's sole
				  discretion, the student's major is substantially similar to a major that is
				  listed on the ACT-defined STEM majors and occupations by area list.
"Student"
means a student of one of the Iowa
				  community colleges, private colleges, or institutions of higher learning under
				  the control of the state board of regents or a student who graduated from high
				  school in Iowa but now attends an institution of higher learning outside the
				  state of Iowa.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.4 - Program Funding and Disbursement

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The maximum amount awarded to an employer
				for any one internship shall not exceed $5,000. The maximum amount that may be
				awarded to any one employer in any one fiscal year shall not exceed
				$50,000.
(2) Funds shall only be
				used for reimbursement of wages paid during the designated internship period.
				An employer must pay students hired as interns an hourly wage that is at least
				twice the minimum wage. An employer may apply for program funding for an
				internship beginning prior to July 1, 2014, but the authority will only
				reimburse the employer for wages paid on or after July 1, 2014.
(3) The authority will disburse funds to an
				employer only after approval of a completed application and execution of a
				contract between the employer and the authority. The authority shall have sole
				discretion in determining whether an application is fully complete.
(4) An Iowa employer may qualify for
				financial assistance under the program on a matching basis for a portion of the
				wages paid to an intern during the designated internship period. If providing
				financial assistance, the authority shall provide the assistance on a
				reimbursement basis such that for every two dollars of wages earned by the
				student, one dollar paid by the employer is matched by one dollar from the
				authority. Funds will be disbursed on a reimbursement basis.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.5 - Eligible Employers

Current through Register Vol. 47, No. 3, July 24, 2024
Eligible employers may apply to the authority for assistance
				  under the program. The program is available to employers that meet all of the
				  following criteria:
(1) The employer
				must be an Iowa-based business and have a significant portion of its employees
				located within the state of Iowa.
(2) The employer must be employing students
				who have either declared a major in a STEM field or enrolled in a STEM-related
				academic or degree program at a community college. The students must be
				employed as interns at a location in Iowa.
(3) The employer must offer the internship to
				students of Iowa community colleges, private colleges, or institutions of
				higher learning under the control of the state board of regents or to students
				who graduated from high school in Iowa but attend an institution of higher
				learning outside the state of Iowa.
(4) The employer must offer either summer or
				semester-based internships. The summer internships must have a minimum duration
				of 8 weeks (averaging no less than 30 hours per week), and the employer's
				semester internships must have a minimum duration of 14 weeks (averaging no
				less than 10 hours per week).
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.6 - Ineligible Employers

Current through Register Vol. 47, No. 3, July 24, 2024
The following employers are not eligible for the
				  program:
(1) An employer that is a
				business engaged in retail sales is ineligible.
(2) An employer which closes or substantially
				reduces its workforce by more than 20 percent at existing operations in order
				to relocate substantially the same operations to another area of the state is
				ineligible for 36 consecutive months at any of its Iowa sites from the date the
				new establishment opens.
(3) An
				employer that has applied or will apply during the same state fiscal year to
				the innovative businesses internship under 261-Chapter 104 is ineligible to
				receive funding under the STEM internship program.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.7 - Eligible Students

Current through Register Vol. 47, No. 3, July 24, 2024
To be eligible, a person shall meet the requirements of a
				  student as defined in rule
				  261-1103. (15,85GA,ch
				  1132,86GA,SF510), must be within one to two years of graduation, shall have
				  declared a major in a STEM field or enrolled in a STEM-related academic or
				  degree program at a community college, and shall be selected for an internship
				  at an Iowa employer during a designated internship period.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.8 - Ineligible Students

Current through Register Vol. 47, No. 3, July 24, 2024
Students who are more than two years from graduation are
				  ineligible. Students who have not declared a major, have not declared a major
				  in a STEM field, or are not enrolled in a STEM-related academic or degree
				  program at a community college are ineligible. Students who are immediate
				  family members of management employees or board members of the applicant
				  employer are ineligible. Students who do not otherwise meet the eligibility
				  requirements described in rule
				  261-1107.
				  (15,85GA,ch 1132,86GA,SF510) are ineligible.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.9 - Application Submittal and Review Process

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The authority shall develop a
				standardized application and make the application available to eligible
				employers. To apply for assistance under the program, an employer shall submit
				an application to the authority. Required forms and instructions are available
				by contacting the authority or from the authority's Internet site at
www.iowaeconomicdevelopment.com
.
(2) Applications will be reviewed and scored
				by the staff of the authority. The director of the authority will make final
				funding decisions after considering the recommendations of staff. The director
				has final decision-making authority on requests for financial assistance for
				this program. The director may approve, defer or deny an application.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.10 - Application Content and Other Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
(1) An employer seeking assistance under the
				program must complete an application for internship assistance and submit it to
				the authority.
(2) If an award is
				made, the employer shall secure an intern within the time period stated in the
				contract between the authority and the employer.
(3) The application shall include, but not be
				limited to, all of the following:
a. The
				dates and location of the internship.
b. A statement of duties the student will be
				performing at the internship site. The student shall be involved in a
				substantive experience in an area closely related to the student's STEM field.
				The application shall also include information regarding the student's work
				space (i.e., access to telephone, computer, and other necessary
				items).
c. The name of the
				employer's representative who will train and supervise the student.
d. A statement of the anticipated workforce
				needs at the internship site. The statement shall include an explanation of the
				current workforce shortage and identify the student's potential for prospective
				employment with the employer following graduation.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.11 - Award Process

Current through Register Vol. 47, No. 3, July 24, 2024
Applications will be reviewed in the order received by the
				  authority. The authority will attempt to award as many eligible internships as
				  funding allows. However, the authority may deny applications for incompleteness
				  or because of insufficient funds. The authority will score applications
				  according to the criteria specified in rule
				  261-11012.
				  (15,85GA,ch 1132,86GA,SF510). To be considered for funding, an application must
				  receive a minimum score of 65 out of a possible 100 points and meet all other
				  eligibility criteria specified in these rules.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.12 - Application Scoring Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
When applications for financial assistance under the program
				  are reviewed, the following criteria will be considered and scored as described
				  below:
(1) The extent to which the
				student is involved in a substantive experience closely related to the
				student's STEM field of study. 30 points.
(2) The quality and sufficiency of the
				explanation of the employer's anticipated workforce needs and of the student's
				potential for prospective employment with the employer or another Iowa employer
				following graduation. 30 points.
(3) The extent to which the internship duties
				require independent judgment, creativity, and intelligence to complete and
				contribute to the employer's goals or processes. 10 points.
(4) The extent to which the internship will
				have a positive impact on the student's skills, knowledge and abilities. 10
				points.
(5) The extent to which the
				internship pays more than twice the minimum wage. 10 points.
(6) Whether applications will be accepted by
				the employer from more than one private college, university or community
				college. 5 points.
(7) Whether the
				application establishes that all relevant internship considerations, including
				necessary funding, have been addressed by the employer in advance. 5
				points.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 110 - Stem Internship Program › Rule 261-110.13 - Contract and Reporting

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Notice of award.
Successful applicants will be notified in
				writing of an award of assistance, including any conditions and terms of the
				approval.
(2)
Contract
				required.
An employer receiving an award under the program shall
				execute a standard contract prepared by the authority. The contract may
				include, but is not limited to, a description of the internship to be
				completed, the conditions for disbursement, any required reports, the
				applicable events of default, the repayment requirements imposed in the event
				of default, and any other specific provisions that may be established from time
				to time on a case-by-case basis.
(3)
Reporting.
An employer
				receiving assistance under the program shall submit any information reasonably
				requested by the authority in sufficient detail to permit the authority to
				prepare any reports required by the authority, the board, the general assembly
				or the governor's office.
(4)
Contract amendments and terminations.
Contract amendments or
				termination may be approved by the director without board approval.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.1 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of this chapter is to establish the eligible uses
				  of the funds allocated to the state of Iowa on October 11, 2022, from the State
				  Small Business Credit Initiative established by the United States Department of
				  the Treasury. The funds are administered by the authority.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.2 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
For purposes of this chapter, unless the context otherwise
				  requires:
"Allocation"
means the funds allocated to
				  the state of Iowa on October 11, 2022, from the SSBCI by the Treasury.
				  "Allocation" does not include any funds allocated to the state of Iowa from the
				  SSBCI prior to October 11, 2022.
"Authority"
means the economic development
				  authority created in Iowa Code section
				  15.105.
"SSBCI"
means the State Small Business
				  Credit Initiative established by the Treasury.
"Treasury"
means the United States
				  Department of the Treasury.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.3 - Federal Requirements

Current through Register Vol. 47, No. 3, July 24, 2024
The allocation will be administered in accordance with all
				  applicable federal laws, regulations, and guidance, including but not limited
				  to any reporting requirements. The allocation will also be administered in
				  accordance with any agreements between the state and Treasury relating to the
				  SSBCI.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.4 - Eligible Uses

Current through Register Vol. 47, No. 3, July 24, 2024
Eligible uses of the allocation include the following:
1. A loan participation program for
				manufacturing 4.0 investments.
2. A
				small business collateral support program.
3. A venture capital innovation fund
				program.
4. A venture capital
				co-investment fund program.
5. Any
				other purposes approved by the Treasury.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.5 - Delegation of Certain Administrative Functions

Current through Register Vol. 47, No. 3, July 24, 2024
The authority may delegate certain administrative functions
				  of the program to service providers who have entered into an agreement with the
				  authority to provide such services. Functions that may be delegated pursuant to
				  this rule include but are not limited to initial application review, tracking
				  and monitoring of the applicant's progress, tracking and monitoring of contract
				  terms and conditions, and provision of technical assistance to applicants. The
				  authority will retain, and not delegate, any other function not delegated to a
				  service provider pursuant to any agreement entered into between the authority
				  and a service provider.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.6 - Eligible Applicants

Current through Register Vol. 47, No. 3, July 24, 2024
(1) An
				eligible applicant must be a for-profit business located in Iowa from one of
				the following industries as classified by the North American Industry
				Classification System:
* Biosciences.
* Information technologies.
* Advanced manufacturing.
(2) Applications from venture capital
				companies (NAIC 523910) on behalf of an eligible for-profit business located in
				Iowa will be considered for funding.
(3) The department will establish discrete
				projects and collaborative projects, which do not require application, for the
				identification and recruitment of executive and operations management talent
				benefitting Iowa targeted industry.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.7 - Ineligible Applicants

Current through Register Vol. 47, No. 3, July 24, 2024
(1) A
				business which is engaged in retail sales or which provides health services is
				ineligible.
(2) A business which
				closes or substantially reduces its workforce by more than 20 percent at
				existing operations in order to relocate substantially the same operation to
				another area of the state is ineligible for 36 consecutive months at any of its
				Iowa sites from the date the new establishment opens.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.8 - Application Process

Current through Register Vol. 47, No. 3, July 24, 2024
(1) An
				individual or business must submit an application to the Iowa Department of
				Economic Development, 200 East Grand Avenue, Des Moines, Iowa 50309, in a form
				provided by the department. Required forms and instructions are available at
				this address or may be printed from the department's Internet site at
www,
				iowalifechanging. com
.
(2)
				The technology commercialization committee shall have the authority to evaluate
				each application and shall provide a suggested funding amount to the board for
				consideration.
(3) An application
				for technical assistance under the program shall include any information
				required by the department including, but not limited to, all of the following:
a. Proposed services for management talent
				recruitment, connectivity services, and technical assistance.
b. A listing of the Iowa companies and
				executives committed to participating in the technical assistance
				services.
c. A description of the
				scope of work.
d. A description of
				the performance metrics.
e.
				Resources and project budget.
f.
				Project time line and milestones.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.9 - Application Selection Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
In reviewing applications for technical assistance, the
				  committee shall consider the following criteria:
(1) Experience in identifying and
				successfully recruiting management talent for Iowa targeted
				industries.
(2) Formal linkages to
				associations and individual members of international organizations providing
				management talent recruitment.
(3)
				Number of Iowa targeted industries involved in the application.
(4) Established information, and methods for
				the identification, due diligence, profiling, and connectivity ability of
				management talent recruitment.
(5)
				Strength of the business plan in the following areas:
a. Description of the company and the overall
				industry;
b. Product and production
				plan;
c. Market, competition, and
				the marketing strategy;
d.
				Executive or operations management; and
e. Financial information and business
				capitalization plan.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.10 - Intellectual Property

Current through Register Vol. 47, No. 3, July 24, 2024
All intellectual property developed or used for the
				  application must be made available to the department for future management
				  talent recruitment for Iowa targeted industries. If the applicant does not own
				  the intellectual property described in the application, the applicant must
				  provide satisfactory evidence of its right to use or further develop the
				  intellectual property.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 112 - State Small Business Credit Initiative (SSBCI) › Rule 261-112.11 - Contract and Reporting

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Notice of award.
Successful applicants shall be notified in
				writing of an award of assistance, including any conditions and terms of the
				approval.
(2)
Contract
				required.
The department shall prepare a contract which includes, but
				is not limited to, a description of the project to be completed by the
				business; conditions to disbursement; required reports; the repayment
				requirements imposed on the business in the event the business does not fulfill
				its obligations described in the contract; and other specific repayment
				provisions ("clawback" provisions) to be established on a project-by-project
				basis.
(3)
Reporting.
An applicant shall submit any information requested
				by the department in sufficient detail to permit the department to prepare the
				report required pursuant to Iowa Code section
				15104(9).
"l"
and any other reports deemed necessary by the department,
				the board, the general assembly or the governor's office.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 114 - Iowa Innovation Council › Rule 261-114.1 - Authority

Current through Register Vol. 47, No. 3, July 24, 2024
The authority for establishing rules governing the Iowa
				  innovation council under this chapter is provided in 2010 Iowa Acts, House File
				  2076, section 4.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 114 - Iowa Innovation Council › Rule 261-114.2 - Purpose

Current through Register Vol. 47, No. 3, July 24, 2024
The purpose of the Iowa innovation council is to advise the
				  department on the development and implementation of public policies that
				  enhance innovation and entrepreneurship in the targeted
				  industries.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 114 - Iowa Innovation Council › Rule 261-114.3 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Board"
means the Iowa economic development
				  board established in Iowa Code section
				  15103..
"Chief technology ojficer"
means the person
				  appointed pursuant to Iowa Code section
				  15117.
				  as amended by 2010 Iowa Acts, House File 2076. The chief technology officer
				  serves as chairperson of the council pursuant to 2010 Iowa Acts, House File
				  2076, section 4.
"Committee "
means the technology
				  commercialization committee created by the board pursuant to Iowa Code section
				  15116..
"Council"
means the Iowa innovation council
				  established by 2010 Iowa Acts, House File 2076, section 4.
"Department"
means the Iowa department of
				  economic development.
"Director"
means the director of the
				  department or the director's designee.
"Targeted industry"
means the industries of
				  advanced manufacturing, bioscience, and information technology. Alternative and
				  renewable energy is considered a sector within the advanced manufacturing and
				  bioscience industries.
"Vice chairperson "
means the voting member
				  elected to serve as the council vice chairperson for a one-year
				  term.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 114 - Iowa Innovation Council › Rule 261-114.4 - Iowa Innovation Council Funding

Current through Register Vol. 47, No. 3, July 24, 2024
The department shall provide assistance to the council with
				  staff and administrative support. The department may expend moneys allocated to
				  the innovation and commercialization fund in order to provide such support. The
				  council shall not have the authority to expend moneys or resources or to
				  execute contracts. The department may accept grant funds on behalf of the
				  council, but the coimcil shall not provide any form of financial assistance
				  awards. Authority for and approval of all financial expenditures and contracts
				  for the council shall be granted solely by the director on behalf of the
				  department.
Iowa Administrative Code › Agency 261 - Economic Development Authority › Part V - Innovation and Commercialization Activities › Chapter 114 - Iowa Innovation Council › Rule 261-114.5 - Council Membership

Current through Register Vol. 47, No. 3, July 24, 2024
(1) The
				council shall consist of the following members:
a. Twenty voting members selected by the
				board to serve staggered, two-year terms beginning and ending as provided in
				Iowa Code section
				6919..
				Members to be selected shall include the following representatives:
(1) Seven shall be representatives from
				businesses in the targeted industries; and
(2) Thirteen shall be individuals who serve
				on the technology commercialization committee, or other committees of the
				board, and who have expertise with the targeted industries.
(3) Ten of the 20 members selected pursuant
				to subparagraphs (1) and (2) of paragraph
"a"
shall be
				executives actively engaged in the management of a business in a targeted
				industry.