. "Appendix F: SBA Administrative Ruling on Appeal of Cognetix, Inc.." Venture Funding and the NIH SBIR Program. Washington, DC: The National Academies Press, 2009.
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Venture Funding and the NIH SBIR Program
Cognetix, Inc., No. 4560 (May 29, 2003)
Docket No. SIZ-2003-04-28-26
UNITED STATES OF AMERICA
SMALL BUSINESS ADMINISTRATION
OFFICE OF HEARINGS AND APPEALS
WASHINGTON, D.C.
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SIZE APPEAL OF:
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Docket No. SIZ-2003-04-28- 26
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Cognetix, Inc.
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Decided: May 29, 2003
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Appellant
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Solicitation No. PHS 2002-2
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National Institutes of Bethesda, Maryland
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APPEARANCES
Michael K. Wyatt, Esq.
Michael J. Vernick, Esq.
For Appellant
Kevin R. Harber, Esq. for the Small Business Administration
DIGEST
The term "individuals" in 13 C.F.R. Section 121.702(a) means only natural persons and does not include venture capital funds, pension funds, and corporate entities for purposes of an SBIR award. Thus, a firm that is otherwise eligible for an SBIR award is disqualified because it is less than 51 percent owned by natural persons.
