To be eligible to receive a grant under the IBIP, an applicant must:
(a) Be able to provide the physical workspace, equipment, and connectivity necessary for Native businesses and Native entrepreneurs to collaborate and conduct business on a local, regional, national, and international level; and
(b) Be one of the following entities:
(1) An Indian Tribe;
(2) A Tribal college or university that will have been operational for not less than one year before receiving a grant under the IBIP;
(3) An institution of higher education that will have been operational for not less than one year before receiving a grant under the IBIP; or
(4) A Tribal or private nonprofit organization that provides business and financial technical assistance and:
(i) Will have been operational for not less than one year before receiving a grant under the IBIP; and
(ii) Commits to serving one or more reservation communities.