Part III: Eligibility
Only US-based small businesses are eligible and must meet all of the following criteria at the time of award to get funded:
- For-profit organization
- Located in the US
- No more than 500 employees, including affiliates
- At least 51% US-owned and controlled by individuals who are citizens or permanent residents
- SBIR-only: Be a concern which is more than 50% owned by multiple venture capital operating companies, hedge funds, private equity firms, or any combination of these. No single venture capital operating company, hedge fund, or private equity firm may own more than 50% of the concern
These requirements must be met at the time of the award. All work must be done in the US.
Look for PART IV next week!