The Commission shall consider the following factors in determining whether to award financial assistance to an applicant: The scientific merit of the stem cell research described in the application, taking into account the evaluation, rankings, and recommendations of an independent scientific peer review committee pursuant to §10-435 of the Act; The ethical implications of the stem cell research described in the application; The relationship between the stem cell research described in the application and the etiology, prevention, diagnosis, or treatment of a disease; The potential impact of the stem cell research described in the application on technological innovation and the advancement of biotechnology in Maryland's academic, business, and nonprofit sectors; and The relationship between the stem cell research described in the application and other research and sources of research funding.