Only qualifying universities may submit proposals for grant funding from the Initiative. The participating members of the Initiative may establish a committee composed of experts in the areas of research considered for commercialization. The Initiative may establish the committee under service contracts with independent reviewers. The committee shall: review, evaluate, and rate proposals for funding from the Initiative, based on: the viability of commercializing the technology; and the relative costs associated with commercializing the technology; and make recommendations to the participating members of the Initiative for the award and disbursement of grants from the Initiative. A member of the committee is not eligible to receive funding from the Initiative.