Faculty- or Student-owned Entity

What is Faculty- or Student-owned Entity?

Faculty- or Student-owned Entity meaning A small business concern (SBC) that is at least 51% owned and controlled by one or more individuals that, at time of application, is either a faculty member or a student of an institution of higher education as defined in 20 U.S.C. §1001.

 

reference: Glossary of NIH Terms

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