Vermont Center for Emerging

“Vermont center for emerging technologies makes the 990 available for all board members to review prior to filing via their secure portal, via email or in hardcopy.”

“Annually, the directors are required to disclose, in writing, any known conflicts and reaffirm their understanding of the conflict of interest policy.”

“In 2022, the vcet board compensation committee conducted a formal review and evaluation of the compensation framework for the president. The compensation committee surveyed comparable organizations and roles, spoke with third party professionals, considered the president's performance in multiple roles and long term retention incentives. The committee presented its findings and recommendations to the full board for discussion and consideration. The vcet board approved a new compensation framework in september 2022. The president is subject to an annual performance review by the chair.”

“The organization makes its governing documents available to the public, providing copies upon request.”

“Vcet's purpose is to accelerate innovation and entrepreneurship across vermont. This is accomplished by providing expert mentoring and technical assistance, the operation of coworking/incubation facilities and the operation of early stage seed capital venture funds.”

“Vcet has worked with over 3,900 start-ups, entrepreneurs and students and operates a coworking facility serving over 250 members annually. Vcet curates an expert mentor network, provides free expert advice to 377 clients a year and makes direct investments across two venture funds with a combined 15m of revolving seed capital. Vcet works directly with and supports entrepreneurs to form, incubate and accelerate ideas and innovations into commercial enterprises. In 2013, vcet was named 11 globally and 5 in the us by the ubi index. In 2018, vcet received a rural impact award by the inbia global trade association. In 2024, vcet was awarded as an inc power partner. Visit at www.vcet.co services include: -providing no cost coaching and mentoring from both on-site and affiliated experts to clients. -establishing connections to angel investors, foundations, economic development organizations and venture capital resources for capital formation and syndicates. -assisting with grants and loans from local, state, and federal sources, including providing federal sbir application aid and support. -offering a network of managerial, financing and professional resources -no cost business advisory, consulting and coaching to help companies build teams, find early customers, access prototyping facilities and identify access to key business and founder support resources -operation of a coworking / accelerator and incubation facility serving over 250 members and the broader vermont innovation ecosystem. -accountability and encouragement -entrepreneurial start-up assistance to approximately 320 start-ups, students and entrepreneurs in calendar 2024. -seed capital fund management, operation, compliance and performance that supports entrepreneurs in capital formation, operational execution and job expansion. The current vermont seed capital fund, lp (fund 1) has now backed 36 companies, and the new vermont growth fund 2, llc (fund 2) launched and has now backed 4 companies thus far. -the vcet platform produces and curates widely accessible programs and support resources such as: first chair newsletter, start here podcast series, the female founder series, startup perks program, mentoring and meetups across vermont. -perform and support special community events such as techjam, uvm spark, uvm arc, middlebury innovation hub, innovation week, deltaclimevt climate accelerator, the meyers cup and dozens of recurring meetups, trainings and professional enrichment events. -as of june 2024, vcet portfolio impact survey had 21 companies report generating for the prior 12 months: 153 million in revenue, 75 million in payroll across 693 jobs, and 77 million in capital raised.”

“Vcet investors, llc 143,525 donated facilities -80,250 total 63,275”