Delaware Code Title 29 Sec. 8735A – Delaware Technical Innovation Program — Creation; definitions
(a) There is hereby created the Delaware Technical Innovation Program to be administered by the Division.
Terms Used In Delaware Code Title 29 Sec. 8735A
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Division: means the Division of Small Business. See Delaware Code Title 29 Sec. 8702A
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) For the purpose of this subchapter the following definitions shall apply:
(1), (2)?[Repealed.]
(3) “Small business” means a corporation, partnership, limited liability company, statutory or common law business trust, sole proprietorship or individual, operating a business for profit, with 100 employees or fewer, including employees employed in any subsidiary or affiliated corporation or other form of business entity which otherwise meets the requirements of the federal Small Business Innovation Research Program or Small Business Technology Transfer Program.
(4) “Small Business Innovation Research Program” or “SBIR Program” means that program, enacted pursuant to the Small Business Innovation Development Act of 1982 (P.L. 97-219) [15 U.S.C. § 638], which provides funds to small businesses to conduct innovative research having commercial application.
(5) “Small Business Technology Transfer Program” or “STTR Program” means that program, enacted pursuant to the Small Business Technology Transfer Act of 1992, P.L. 102-564 (15 U.S.C. § 638), which provides funds to small businesses to conduct jointly with nonprofit research institutions, cooperative research and development having commercial application.
66 Del. Laws, c. 351, § ?1; 69 Del. Laws, c. 458, § ?1; 74 Del. Laws, c. 314, §§ ?1-3; 81 Del. Laws, c. 49, § ?1;