### Question
Can you define what eligible third-party investor means?


### Answer
**Eligible third-party investor** is defined as the following in *15 U.S.C. § 638*:

> a small business concern other than an eligible entity, a venture capital firm, an individual investor, a non-SBIR Federal, State or local government, or any combination thereof

#### Citation:
  - *15 U.S.C. § 638*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

