R357-11-6. Applicant Specific Requirements

  (1) University Teams: In order to apply for a grant or loan under the TCIP program, a University Team must satisfy the following initial criteria:

  (a) The technology must be organized by faculty led university team;

  (b) The technology must have completed the developmental research phase; and

  (c) The applicant must be pre-screened by a qualified pre-screening entity.

  (d) The qualified pre-screening entity must certify that the technology meets the criteria set forth in (a) and (b) of this section, and the certification must be provided before grant is awarded.

  (2) Small Businesses: In order to apply for a grant or loan under the TCIP program, a small business must satisfy the following initial criteria:

  (a) The applicant must be a "small business" as defined by the Federal Small Business Administration's definition and meet the criteria set forth in UCA Section 63N-3-203(5).

  (3) A University-licensee is also be eligible if it meets the definitions in (a) above.