Overview
What is Techgrowth Ohio Fund?
The Techgrowth Ohio Fund is a venture capital entity situated in Athens, Ohio, within The Ridges Building. Its primary objective is to provide pre-seed capital to foster the growth of high-paying occupations, specifically those in technology and new-economy sectors, within the Southeast Ohio area. This initiative aims to attract new industries, create valuable products, and stimulate economic growth, leading to the creation of new jobs and business expansion. The Fund is an outgrowth of the Techgrowth Ohio Program, an integral part of the entrepreneurship-focused mission at Ohio University and its research commercialization efforts. The Fund's activities contribute to the advancement of technology and entrepreneurial ventures, with a focus on strategic sectors that have potential for regional economic development.
Is Techgrowth Ohio Fund legitimate?
Techgrowth Ohio Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Techgrowth Ohio Fund 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Techgrowth Ohio Fund?
The TechGrowth Ohio Fund, an offshoot of the TechGrowth Ohio Program, serves a venture fund purpose. This venture fund is an integral part of the entrepreneurship-focused mission at the Voinovich School and the research commercialization efforts of Ohio University. The TechGrowth Ohio Fund's primary objective, as outlined in its mission, is to advance technology. It seeks to boost technology-based and entrepreneurial commercialization ventures in southeast Ohio, with a particular focus on strategic technology sectors that hold promising economic development prospects for the region.
Who is the CEO of Techgrowth Ohio Fund?
Unavailable
What is the revenue of Techgrowth Ohio Fund?
Techgrowth Ohio Fund's revenue in 2023 was $3,030,876.
Who are the executives of Techgrowth Ohio Fund and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $296,584
- Other: $63,704
- Compensation: $0
- Related: $612,670
- Other: $65,111
- Compensation: $0
- Related: $152,179
- Other: $36,782
- Compensation: $0
- Related: $245,413
- Other: $64,792
- Compensation: $0
- Related: $105,779
- Other: $42,956
- Compensation: $0
- Related: $230,856
- Other: $50,688
- Compensation: $0
- Related: $118,748
- Other: $25,724
Where can I find the form 990 for Techgrowth Ohio Fund?
Techgrowth Ohio Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Techgrowth Ohio Fund
Techgrowth Ohio Fund, an integral part of Ohio University's entrepreneurship mission and research commercialization efforts, was established with a specific purpose. This venture fund, known as TechGrowth Ohio Fund, was born out of the Techgrowth Ohio Program. Its mission is to operate for the benefit of Ohio University and contribute to the advancement of technology. With a focus on strategic technology-based sectors that hold economic development potential, Techgrowth Ohio Fund aims to boost technology-based and entrepreneurial commercialization ventures throughout southeast Ohio. The fund's activities are aligned with Ohio University's objectives and contribute to increasing technological growth in the region.
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Impact
October, 2024
The Techgrowth Ohio Fund plays a crucial role in fostering economic development and creating higher-paying job opportunities in Southeast Ohio. By providing pre-seed capital, the fund supports the establishment and growth of technology-based and entrepreneurial ventures in the region. This focus on high technology and new-economy careers not only enhances workforce prospects but also strengthens the local economy by attracting new industries.
Through its efforts, the Techgrowth Ohio Fund contributes significantly to job creation and business expansion, ultimately promoting community improvement. By investing in strategic sectors, the fund not only aids individual entrepreneurs but also supports the broader economic landscape, encouraging the development of innovative products and services that benefit the Southeast Ohio area.
This information is meant to be a general summary of Techgrowth Ohio Fund. 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.
- Investment Income: $1,023,139
- Gross Receipts: $2,993,786
Assets and Liabilities:
- Total Assets: $7,111,486
- Total Liabilities: $512,771
- Net Assets: $6,598,715
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Organization Details
Founding Year
2008
Phone
(740) 593-2379Main Address
The Ridges Bldg 19 1 OH University, Athens, OH, 45701
NTEE Category
Code: S32 - Community improvement
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