Innovation Works Inc.

“The sole member of innovation works, inc. Is mpc corporation.”

“The mpc corporation shall have the right to approve candidates nominated by the board of directors of innovation works, inc.”

“The form 990 is reviewed by the controller in detail. A copy of form 990 is then provided to the organization's executive and audit committees of the board of directors for their review. Comments/questions are directed to the board chairman or president and ceo.”

“The organization requires each board member, officer, and staff to annually complete a conflict of interest and financial disclosure form and disclose any possible personal, familial, or business relationship that reasonably could give rise to a conflict of interest or the appearance of a conflict of interest.”

“The organization's compensation for the officers and key positions is reviewed every two years by an independent compensation consultant. The compensation committee considers the information provided by the compensation consultant to determine employee compensation.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Scalable innovation - scalable innovation program expands opportunities for both manufacturers and startups and helps them overcome inherent challenges in scaling their businesses. The program helps regional startups build supply chain partnerships with the local manufacturing community. Through the program, manufacturers can find new customers and markets. As a startup grows and becomes more successful, they will become a bigger customer for the local manufacturers with which they work. Likewise, startups benefit from the expertise of experienced manufacturers, who can help overcome engineering, design and other technical challenges so the startup can reach commercial success faster, cheaper and more reliably. The scalable innovation program helps make the connections and processes work smoothly so both startups and their suppliers benefit. Early stage technology assistance program (etap) - similar to the uig program, but outside of the university context, iw's etap program attempts to answer fundamental questions regarding the commercial potential of formation-stage companies that have requested assistance from iw. Through etap funding, iw provides companies with direct investment of up to $50,000 and often links the company with a consultant or industry expert to assist the company in answering fundamental business questions early in the life cycle, thereby accelerating the company's development. Upprize - innovation works assumed the administration of the bny mellon upprize social impact challenge in 2019. The upprize competition was designed to identify promising technological solutions for issues affecting marginalized populations and/or non-profit organizations in southwestern pa. Hardware cup - the alphalab gear hardware cup is an international pitch competition for early-stage hardware startups with a $50,000 grand prize.”

“Difference for cash basis & accrual basis contributions on line 1 120,294.”

“The companies served by iw impact southwestern pennsylvania in several ways: (1) they create jobs; (2) they help retain key regional talent; (3) they attract investment dollars and talent to the region; and (4) they create a sustainable competitive advantage for the region's companies. Innovation investment fund - the core of the innovation works model is the innovation investment fund, southwestern pennsylvania's leading source for seed-stage capital for start up technology companies. Innovation works has developed an evaluation process that is structured to help facilitate wise investment decision-making within innovation works. The process is designed to leverage the knowledge of industry contacts, staff domain experts, board members, and market experts, as well as to gather the opinions and recommendations of the follow-on investment community. Alphalab - an intensive program for launching the next generation of software, entertainment technology hardware, and internet-related companies. Alphalab provides funding, free office space, and expertise to help companies rapidly develop their technology, gain early user feedback, develop go-to-market strategies, and move toward commercialization. Alphalab gear - this program was launched in 2013 as the hardware accelerator program based on the alphalab accelerator model to support physical product companies. Program components include the same core programming as alphalab plus product design, manufacturing, supply chain and retail distribution. Alphalab gear companies also benefit from being a part of the extended alphalab network, leveraging the alumni and mentor networks, software/internet expertise built over prior alphalab program cycles. Corporate services - our corporate program helps startups and large corporations to work more effectively together by facilitating connections, uncovering opportunties to collaborate, and offering educational training and workshops. The goal is to aid startups in attracting first customers and corporations in accelerating their innovation objectives. University grants/technology commercialization consortium (tcc) - iw works in partnership with world-renowned universities in the pittsburgh region to identify and cultivate research ideas that have viable markets, and provide funding to help accelerate commercialization. Internship program - through our ongoing relationships with area universities, iw identifies high-caliber mba and undergraduate students who show high potential in business, engineering and other in-demand fields, for placement as interns in regional technology start-ups and innovative manufacturing companies. Investor development - in the current environment, assisting companies with raising capital is one of the most important, and most requested, service offerings that innovation works provides. Every company in the innovation works portfolio, regardless of industry, stage of growth or experience of the entrepreneur, has fundraising as a constant and necessary priority. Investor development assists innovation works portfolio companies in all aspects of their fundraising efforts. From 1999 - 2020, iw's portfolio companies and accelerator companies raised $2.7b of follow-on investment-mostly from sources outside our region. Portfolio executives - one of the keys to innovation works success is its approach to helping companies by providing not only capital, but also business expertise. Innovation works' portfolio executives also identify and assemble the essential business resources, skills, advice and information that are needed by its portfolio companies beyond what is provided by innovation works internal resources. This is an important element of innovation works value proposition, because all early stage technology companies can greatly improve their chances of success if given access to the right expertise and assistance. Startable - a free eight-week summer program that teaches students ages 16-18 entrepreneurship and ma”