COMMONWEALTH CENTER FOR COMMERCIALIZATION INC
300 WEST BROADWAY ST, FRANKFORT, KY 40601 c3.kyinnovation.com

Total Revenue
$43,428
Total Expenses
$14,813,687
Net Assets
$0

Organizations Filed Purposes: THE ORGANIZATION'S MISSION IS TO SUPPORT AND ACCELERATE SCIENCE AND TECHNOLOGY INVENTION AND ENTREPRENEURSHIP ACROSS THE STATE OF KENTUCKY BY PROVIDING CAPITAL INVESTMENTS TO SMALL AND MEDIUM-SIZED KENTUCKY BASED COMPANIES WHILE ADMINISTERING THE INITIATIVES AND PROGRAMS OF THE KENTUCKY INNOVATION ACT, INCLUDING ADMINISTERING THE OBJECTIVES OF THE KENTUCKY ENTERPRISE FUND, THE KENTUCKY RURAL INNOVATION FUND, AND THE KENTUCKY COMMERCIALIZATION FUND

THE ORGANIZATION'S MISSION IS TO SERVE AS A STRATEGIC PARTNER WITH KENTUCKY PUBLIC UNIVERSITIES AND COLLEGES IN AN EFFORT TO TRANSITION IDEAS AND INTELLECTUAL PROPERTY INTO PRODUCTS AND BUSINESSES THROUGH INVESTMENT. THE ORGANIZATION'S ROLES INCLUDE A COMMERCIALIZATION CORE TEAM, DEVELOPMENT OF ROBUST LEGAL RESOURCES FOR BUSINESSES, AN ACCELERATOR AND FEDERAL AND STATE INNOVATION FUND ASSISTANCE. THE MISSION AND OPERATIONS OF THE ORGANIZATION REPRESENT A NATIONAL-MODEL OF STATEWIDE COLLABORATION AND SATISFY THE KENTUCKY INNOVATION ACT STATUTE REGULATIONS.

THE ORGANIZATION WILL REVIEW APPLICATIONS, QUALIFY COMPANIES, AND CERTIFY QUALIFIED COMPANIES WHO WISH TO BENEFIT FROM THE KENTUCKY ENTERPRISE FUND, THE KENTUCKY RURAL INNOVATION FUND, OR THE KENTUCKY COMMERCIALIZATION FUND. THE ORGANIZATION HAS AN APPLICATION PROCESS TO DETERMINE WHICH COMPANIES ARE UNDERGOING PROJECTS THAT ARE LIKELY TO PRODUCE MEASUREABLE RESULTS AND BE TECHNICALLY SOUND, LEAD TO INNOVATIVE TECHNOLOGY OR NEW KNOWLEDGE, LEAD TO COMMERCIALLY SUCCESSFUL PRODUCTS, PROCESSES, OR SERVICES WITHIN A REASONABLE PERIOD OF TIME, OR SHOW SIGNIFICANT POTENTIAL FOR STIMULATING ECONOMIC GROWTH AND A REASONABLE PROBABILITY TO ENCHANCE EMPLOYMENT OPPORTUNITIES WITHIN THE COMMONWEALTH OF KENTUCKY.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Vivek SarinDIRECTOR5$0
Brian MeffordDIRECTOR & PRESIDENT5$0
Terry GillDIRECTOR5$0
Ian McclureDIRECTOR5$0
Wendy LeaDIRECTOR5$0
Aaron ThompsonDIRECTOR5$0
Jackson AndrewsDIRECTOR & TREASURER5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202043219349302009_public.xml