The following definitions shall apply for the purposes of these rules:

(1) "Matching funds" means funds from non-state sources that are to be used for research and commercialization projects to be conducted at research and commercialization centers located in Montana.

(2) "Research and commercialization grant or loan" means funding provided by the board to a research and commercialization project.

(3) "Research and commercialization project" means a project eligible for funding under the criteria set forth in 90-3-1003(6) , MCA, to be conducted at a "research and commercialization center" as set forth under 90-3-1001(2) , MCA.