[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of December 3, 2004]
Sec. §121.702 What size standards are applicable to
the SBIR program?
To be eligible for award of funding agreements in the SBA's
Small Business Innovation Research (SBIR) program, a business
concern must meet the requirements of paragraphs (a) and (b) below:
(a) Ownership and control.
(1) An SBIR awardee must
(i) be a concern which is at least 51%
owned and controlled by one or more individuals who are
citizens of the United States, or permanent resident
aliens in the United States; or
(ii) be a concern which is at least 51% owned and controlled
by another business concern that is itself at least 51%
owned and controlled by individuals who are citizens of,
or permanent resident aliens in the United States; or
(iii) be a joint venture in which each entity to the venture
must meet the requirements set forth in either paragraphs
(a)(1)(i) or (a)(1)(ii) of this section.
(2) If an Employee Stock Option Plan owns all or part of the
concern, SBA considers each stock trustee and plan member to
be an owner.
(3) If a trust owns all or part of the concern, SBA considers
each trustee and trust beneficiary to be an owner.
An SBIR awardee, together with its affiliates, not have more
than 500 employees.