Organizations Filed Purposes:
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 2,400 START-UPS AND ENTREPRENEURS, NOW OPERATES 2 COWORKING FACILITIES SERVING OVER 240 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. 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 -PROVIDE ACCESS TO INSTRUMENTATION AND PROTOTYPING FACILITIES -INTRODUCTIONS TO PROSPECTIVE CUSTOMERS -OPERATION OF COWORKING AND INCUBATION FACILITIES SERVING OVER 240 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 23 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. -FY20 VCET PORTFOLIO SURVEY HAD A SUBSET OF 24 COMPANIES REPORTING WHICH GENERATED 32 MILLION IN REVENUE, 33 MILLION IN PAYROLL, 396 JOBS, AND 24.5 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).
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| David Bradbury | PRESIDENT | 50 | $192,781 |
| Gavin Berger | DIRECTOR | 1 | $0 |
| Richard Schneider | DIRECTOR | 1 | $0 |
| Elizabeth Robinson | DIRECTOR | 1 | $0 |
| Scott Bailey | DIRECTOR | 1 | $0 |
| Michael Lane | DIRECTOR | 1 | $0 |
| Janette Bombardier | DIRECTOR | 1 | $0 |
| Lisa Ventriss | DIRECTOR | 1 | $0 |
| John Evans | SEC. & TREAS | 1 | $0 |
| Briar Alpert | VICE CHAIR | 1 | $0 |
| Frank Cioffi | CHAIR | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202110119349300426_public.xml