Vermont Center for Emerging Technologies Inc.

“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 december 2012, the board of directors, in executive session (without the president present), reviewed performance of the president, discussed compensation and elected to secure and continue the employment of the current president of the organization. An annual performance review of the president is conducted by the organization's chair. There is no automatic annual cost of living increase. The organization does not offer a company sponsored, tax advantaged retirement plan and provides employees with an in lieu of a taxable contribution which is reported as part of the w-2 compensation.”

“An annual performance review of the vice president is conducted by the president. There is no automatic annual cost of living increase. The organization does not offer a company sponsored, tax advantaged retirement plan and provides employees with an in lieu of a taxable contribution which is reported as part of the w-2 compensation.”

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

“Established as an independent 501(c)3 public benefit corporation, the mission of vcet is threefold: -increase technology-based small companies originating in or relocating to vermont. -promote and accelerate university and industry technology transfer and commercialization. -sponsor the creation of next generation jobs for this generation of vermonters.”

“-assisting with grants and loans from local, state, and federal sources -providing federal sbir application aid -offering a network of managerial resources and financing contacts -provide access to instrumentation and prototyping facilities -offering access to two libraries and specialized research databases -introductions to prospective customers -accountability and encouragement -entrepreneurial start-up assistance -operation of two incubator facilities with the introduction of co-working space options and improved incubation benefits -seed fund management that supports entreprenuers in capital formation and job expansion.”

“Donated facilities 89,700”