Though this program is geared toward people of all ages, young people are the best suited to maximize its advantages. Older generations tend to have families and other financial obligations, making it more difficult for them to transition into the roles of entrepreneurs.
I am married with a young child, and my salary covers all of my family's expenses, so my husband doesn't have the pressure to get cashflow-positive out of the gate. Contrast that with my younger, single self, when I burned through the start-up capital in a matter of months and had to take consulting gigs just to stay afloat on office expenses.
Young people can more easily adapt to less expensive lifestyles.
Young people care a lot more about what others think, the very foundation of "expensive lifestyles".
Further, young people have access to a wide range of resources, such as Income Based Repayment (IBR), SCORE, Startup America, [...]
IBR is a student loan repayment program, nothing to do with entrepreneurship. SCORE is open to all small businesses (and a waste of time, in my experience). Startup America targets young companies, not young people. And so on...