; (B) the Commonwealth of Puerto Rico; or (C) the District of Columbia. (9) Venture development organization The term venture development organization means a State or nonprofit organization that contributes to regional or sector-based economic prosperity by providing a portfolio of services intended to accomplish at least 3 of the following purposes: (A) Accelerating the commercialization of research or research and development. (B) Assisting in the creation of high-growth private enterprises that are commercializing technology. (C) Strengthening the competitive position of existing small- and medium-sized enterprises through the development, commercial adoption, or deployment of technology. (D) Providing expert assistance to— (i) private companies; (ii) faculty, staff, and students of institutions of higher education who are commercializing new products or services