81-12,153 Terms, defined.

NE Code § 81-12,153 (2019) (N/A)
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81-12,153. Terms, defined.

For purposes of the Business Innovation Act:

(1) Department means the Department of Economic Development;

(2) Federal grant program means the federal Small Business Administration's Small Business Innovation Research grant program or Small Business Technology Transfer grant program;

(3) Microenterprise means a for-profit business entity with not more than ten full-time equivalent employees;

(4) Prototype means an original model on which something is patterned by a resident of Nebraska or a company located in Nebraska; and

(5) Value-added agriculture means increasing the net worth of food or nonfood agricultural products by processing, alternative production and handling methods, collective marketing, or other innovative practices.

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