Section 121.701 - What SBIR and STTR programs are subject to size and eligibility determinations and what definitions are important?(a) These sections apply to SBA's SBIR and STTR programs, 15 U.S.C. 638 .(b)Definitions - (1)Funding agreement officer means a contracting officer, a grants officer, or a cooperative agreement officer.(2)Funding agreement means any contract, grant or cooperative agreement entered into between any Federal agency and any small business for the purposes of the SBIR or STTR program.(3)Hedge fund has the meaning given that term in section 13(h)(2) of the Bank Holding Company Act of 1956 (12 U.S.C. 1851(h)(2) ) . The hedge fund must have a place of business located in the United States and be created or organized in the United States, or under the law of the United States or of any State.(4)Portfolio company means any company that is owned in whole or part by a venture capital operating company, hedge fund, or private equity firm.(5)Private equity firm has the meaning given the term "private equity fund" in section 13(h)(2) of the Bank Holding Company Act of 1956 (12 U.S.C. 1851(h)(2) ) . The private equity firm must have a place of business located in the United States and be created or organized in the United States, or under the law of the United States or of any State.(6)Venture capital operating company means an entity described in § 121.103(b)(5)(i), (v) , or (vi). The venture capital operating company must have a place of business located in the United States and be created or organized in the United States, or under the law of the United States or of any State.77 FR 76225, Dec. 27, 2012