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.”

“The organization and david bradbury entered into a new employment agreement on august 10, 2016, effective for july 1, 2016. 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 persident of the organization. An annual performace review of the president is conducted by the organization's chair. Market comparables are distributed by the chair to each board member ahead of time. Comensation also includes consideration to the new 401k plan effective 1/1/16.”

“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 three coworking/incubation facilities and the operation of a revolving early stage seed capital fund.”

“-providing federal sbir application aid -offering a network of managerial resources and financing contacts -provide access to instrumentation and prototyping facilities -introductions to prospective customers -operation of three coworking and incubation facilities serving over 170 members and the innovation ecosystem. -accountability and encouragement -entrepreneurial start-up assistance -seed fund management that supports entreprenuers in capital formation and job expansion. -operate a seed venture fund which had now invested into 21 companies. -conducted a vcet @campus initiative to build entrepreneur programs, launched the start here podcast series, and launched the female founder series -performed and supported special events such as innovation week, hackvt, launch vt startup competition, and dozens of recurring meet ups, training and networking events. -fy16 vcet portfolio survey had a subset of 24 companies reporting which generated 23 million in revenue, 16 million in payroll, 268 jobs, and 50 million in capital raised. -in 2013, vcet was named 11 in the world and 5 in the us by the ubi index.”

“Donated facilities -288,700”