Sec. 145-15-3 - Definitions

§ 145-15-3. Definitions

3.1. "Department" means the West Virginia Department of Commerce.

3.2. "SBIR" means the Small Business Innovation Research Program enacted under the Small Business Innovation Development Act of 1982, Pub. L. 97-219, 15 U.S.C. § 638.

3.3. "STTR" means the Small Business Technology Transfer Program enacted under the Small Business Technology Transfer Act of 1992, Pub. L. 102-564, 15 U.S.C. § 638.

3.4. "Small business" means a corporation, partnership, limited liability company, statutory or common law business trust, sole proprietorship, or individual, operating a business for profit, which qualifies as a small business and otherwise meets the requirements of the SBIR or STTR programs.

3.5. "West Virginia-based business" means a business that has its principal place of business in this state.

3.6. "West Virginia SBIR/STTR matching funds program" means the program funded by the State of West Virginia, Department of Commerce which matches federal SBIR/STTR awards.

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