Overview
What is First State Innovation Inc?
First State Innovation Inc, based in Delaware, is a nonprofit organization committed to fostering entrepreneurial growth and bolstering the innovation economy within the state. Their mission revolves around supporting high-growth technology-based businesses and enhancing the needed infrastructure. The organization's activities are geared towards nurturing entrepreneurial ventures in Delaware, aiming to create a conducive environment that attracts and retains these businesses, thereby contributing to the state's wealth and workforce development.
Official website here: www.firststateinnovation.org
Is First State Innovation Inc legitimate?
First State Innovation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First State Innovation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.firststateinnovation.org
What is the mission statement of First State Innovation Inc?
First State Innovation Inc's mission is centered around boosting Delaware's entrepreneurial potential. Their goal is to foster growth in the state's innovation economy by encouraging, drawing in, retaining, and linking high-growth technology-driven businesses. Additionally, they aim to establish an environment that makes it convenient for emerging companies to access the resources necessary for incubation, expansion, or relocation within the state and its surrounding region.
Official website here: www.firststateinnovation.org
What is the revenue of First State Innovation Inc?
First State Innovation Inc's revenue in 2023 was $0.
Official website here: www.firststateinnovation.org
Who are the executives of First State Innovation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.firststateinnovation.org
Where can I find the form 990 for First State Innovation Inc?
First State Innovation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.firststateinnovation.org
Learn more at the official website: www.firststateinnovation.org
Mission Statement of First State Innovation Inc
First State Innovation Inc, a nonprofit organization, is dedicated to enhancing Delaware's entrepreneurial capacity. Their mission is centered around promoting economic growth and workforce development within Delaware's innovation economy. To achieve this, they focus on nurturing, attracting, retaining, and connecting high-growth technology-based businesses in the state. By providing a supportive infrastructure, First State Innovation Inc aims to create an environment that makes it easy for emerging companies to access the necessary resources to incubate, grow, or relocate their operations to the state and its surrounding regions. In essence, this organization serves as a catalyst for fostering a vibrant and innovative business ecosystem in Delaware.
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Impact
October, 2024
First State Innovation Inc significantly enhances Delaware's entrepreneurial landscape by expanding its innovation economy. By focusing on high-growth technology-based businesses, the organization plays a vital role in increasing the state’s entrepreneurial capacity. It provides essential support for entrepreneurial activities, fostering a robust ecosystem that attracts, retains, and connects dynamic companies.
The organization’s mission is centered on promoting wealth generation and workforce development within Delaware. This is achieved through the establishment of infrastructure that facilitates business incubation and growth. First State Innovation Inc creates an environment conducive to entrepreneurship, ensuring that emerging companies have access to the resources they need to thrive, whether they are looking to grow locally or relocate to the region.
Overall, First State Innovation Inc's impact is characterized by its commitment to cultivating a vibrant innovation economy, which not only benefits individual enterprises but also contributes to the broader community's economic improvement.
This information is meant to be a general summary of First State Innovation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $200
Assets and Liabilities:
- Total Assets: $403,995
- Total Liabilities: $0
- Net Assets: $403,995
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Organization Details
Founding Year
2006
Principal Officer
Francis Pennella
Website
www.firststateinnovation.orgNTEE Category
Code: S30 - Community improvement
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