Center for Business Support and Economic Innovation

Selection Criteria

Click here to view the complete Selection Criteria and Selection Process as a Mircrosoft Word document.

1. Strategic Economic Development Alignment:
   1. Connectivity to Statewide Economic Development Initiatives
      • Advanced Manufacturing
      • Agriculture
      • Film
      • Information Technology
      • Insurance
      • Life Sciences
      • Logistics
      • Motorsports
   2. Connectivity to Local/Regional Economic Development Initiatives
   3. Potential Employment Opportunities in Local Economy
2. Strategic Educational Alignment:
   1. Engineering/software development assistance which fits within Rose-Hulman project targets
   2. Business or other assistance which fits within ISU project targets
3. Stage of Life Cycle
   1. Beyond Proof of Concept and Initial Research
   2. Positioned for Commercialization or in Commercialization Phase
   3. Company will Maximize Benefit of Program Participation
4. Opportunity for Successful Commercialization
   1. Strength of Management Team:
      • Dedicated Management Team (vs. night and weekend exploratory "project")
      • Start-up Experience
      • Industry Experience
      • Connectivity
      • Drive
   2. Technological Feasibility:
      • Product/Service Functionality
      • Product/Service Pricing will Fit Within Market
   3. Availability of Future Funding:
      • Connectivity - Private Equity/VC Funding
      • Grant Opportunities
   4. Strategic Partners:
      • Economic or Synergistic Attractiveness to Larger, Established Distribution Channels
   5. Size of Market:
      • National or International Market Opportunity
      • Total Market Size at Least $100 million
   6. Distribution Opportunities:
      • Clear Path to Market