Definitions

"Commissioner" means the Commissioner of Economic Development. "Department" means the Connecticut Department of Economic Development. "Small Business" means a corporation, partnership, sole proprietorship or individual, operating a business for profit, which employs two hundred fifty or fewer employees, including employees employed in any subsidiary or affiliated corporation, which otherwise meets the requirements of the Federal Small Business Innovation Research Program. "Small Business Innovation Research Program (SBIR)" means the federal program established pursuant to the Small Business Innovation Development Act of 1982 (P.L. 97-219) which provides funds to small businesses to conduct innovative research which has potential commercial applications. "Connecticut Small Business" means, for the purpose of these Regulations, a Small Business with a principal place of business or branch facilities in Connecticut. "Phase I and Phase II" means stages of research work as defined in the federal Small Business Innovation Development Act of 1982 (P.L. 97-219) or the federal Regulations relating to such Act.