CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the reference to our firm under the captions "Financial
Highlights", "Counsel and Independent Registered Public Accounting Firm" and
"Financial Statements" and to the use of our report dated October 8, 2004 in the
Registration Statement (Form N-1A) of Jacob Internet Fund, Inc. and its
incorporation by reference in the related Prospectus and Statement of Additional
Information filed with the Securities and Exchange Commission in this
Post-Effective Amendment No. 6 to the Registration Statement under the
Securities Act of 1933 (File No. 333-82865) and in this Amendment No. 9 to the
Registration Statement under the Investment Company Act of 1940 (File No.
811-09447).


                                              Ernst & Young LLP


Chicago, Illinois
December 23, 2004