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.”

“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 a revolving early stage seed capital fund.”

“Vcet has worked with over 2,800 start-ups and entrepreneurs, now operates 1 coworking facility serving over 250 members, curates an expert mentor network and makes direct investments from a 5m revolving seed capital fund. Vcet works directly with 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. Visit at www.vcet.co and follow @vcet on twitter. Services include: -providing coaching and mentoring from both on-site and affiliated experts -establishing connections to angel investors and venture capital resources -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 -introductions to prospective customers -operation of a coworking and incubation facility serving over 250 members and the innovation ecosystem. -accountability and encouragement -entrepreneurial start-up assistance to 389 start-ups and entrepreneurs. -seed fund management that supports entreprenuers in capital formation and job expansion. -operate a seed venture fund which had now invested into 25 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, launch vt startup competition, and dozens of recurring meet ups, training and networking events. -fy21 vcet portfolio survey had a subset of 25 companies reporting which generated 45 million in revenue, 36 million in payroll, 455 jobs, and 42.5 million in capital raised. -in 2013, vcet was named 11 in the world and 5 in the us by the ubi index. -in february 2018, vcet was named a impact rural leader by the international business innovation association (inbia).”

“Donated facilities -199,000”