41-1552. Definitions

In this article, unless the context otherwise requires:

1. "Commission" means the commerce and economic development commission.

2. "Office" means the office of small business innovative research in the department.

3. "Program" means the small business enterprise and research program established by this article.

4. "SBIR" means the small business innovation research program that is enacted pursuant to the federal small business research and development enhancement act of 1992 and that provides monies to small business to conduct innovative research and development with commercial application.

5. "Small business" means a corporation, partnership, limited liability company, sole proprietorship or individual operating a business for profit with not more than one hundred employees, including employees employed in any subsidiary or affiliated corporation that otherwise meets the requirements of the SBIR or the STTR.

6. "STTR" means the small business technology transfer program that is enacted pursuant to title II of the federal small business technology transfer act of 1992 and that provides monies to small business to conduct cooperative research and development with nonprofit or federally funded research institutions.

41-1552. Definitions

In this article, unless the context otherwise requires:

1. "Commission" means the commerce and economic development commission.

2. "Office" means the office of small business innovative research in the department.

3. "Program" means the small business enterprise and research program established by this article.

4. "SBIR" means the small business innovation research program that is enacted pursuant to the federal small business research and development enhancement act of 1992 and that provides monies to small business to conduct innovative research and development with commercial application.

5. "Small business" means a corporation, partnership, limited liability company, sole proprietorship or individual operating a business for profit with not more than one hundred employees, including employees employed in any subsidiary or affiliated corporation that otherwise meets the requirements of the SBIR or the STTR.

6. "STTR" means the small business technology transfer program that is enacted pursuant to title II of the federal small business technology transfer act of 1992 and that provides monies to small business to conduct cooperative research and development with nonprofit or federally funded research institutions.