Overview
What is Grow Utah Ventures Inc?
Grow Utah Ventures Inc is a nonprofit organization based in Kaysville, Utah, with a focus on fostering entrepreneurial growth within the state. They operate a comprehensive innovation accelerator program called Ramp, which lasts for ten weeks. This program aids Utah innovators in launching their products, validating customer demand, refining their minimum viable product, and creating prototypes. Industry mentors provide guidance on both the technical design and business launch aspects. Ramp aims to increase the success rate of early-stage businesses by preparing them for investment opportunities from various sources. In essence, Grow Utah Ventures Inc promotes and provides educational opportunities to stimulate entrepreneurial talent in Utah, ultimately enhancing the local business climate.
Official website here: www.growutahventures.com
Is Grow Utah Ventures Inc legitimate?
Grow Utah Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grow Utah Ventures 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.
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
Official website here: www.growutahventures.com
What is the mission statement of Grow Utah Ventures Inc?
Grow Utah Ventures Inc's mission is centered around promoting education and fostering entrepreneurial talent across Utah. They aim to enhance the local business environment and increase the chances of success for new ventures. This is achieved through providing comprehensive educational opportunities, such as the Ramp program, which trains innovators over a 10-week period in launching their innovations, validating customer demand, and accessing investment capital from various sources. Industry mentors guide cohort members in both the technical design and business launch aspects of their ventures, ultimately aiming to boost the success rate of early-stage businesses in the state.
Official website here: www.growutahventures.com
What is the revenue of Grow Utah Ventures Inc?
Grow Utah Ventures Inc's revenue in 2023 was $279,768.
Official website here: www.growutahventures.com
Who are the executives of Grow Utah Ventures Inc and what are their salaries?
There 3 volunteers at Grow Utah Ventures Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.growutahventures.com
Where can I find the form 990 for Grow Utah Ventures Inc?
Grow Utah Ventures Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.growutahventures.com
Learn more at the official website: www.growutahventures.com
Mission Statement of Grow Utah Ventures Inc
Grow Utah Ventures Inc, a prominent organization, is committed to fostering educational opportunities in the realm of entrepreneurial enterprise. Their primary mission is to stimulate and cultivate entrepreneurial talent across the state of Utah. By doing so, they aim to enhance the local business climate and boost the chances of success for new business ventures.
To achieve this mission, Grow Utah Ventures Inc has developed a comprehensive innovation accelerator program called Ramp. This 10-week program is specifically designed for Utah innovators who are producing and manufacturing products. Through Ramp, these innovators receive training in launching their innovations, validating customer demand, refining their minimum viable product, and creating prototypes. Industry mentors provide guidance, not only in the technical design and build of their innovations but also in the launch of their businesses. Ramp prepares all cohort members for accessing investment capital from various sources, ultimately increasing the success rate of early-stage businesses and innovators.
In essence, Grow Utah Ventures Inc is dedicated to providing education and training to foster entrepreneurial talent, enhance the local business climate, and increase the likelihood of success for new business ventures in Utah. Their Ramp program is a central component of this mission, offering comprehensive support to innovators and entrepreneurs in the state.
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Impact
October, 2024
Grow Utah Ventures Inc significantly impacts the entrepreneurial landscape in Utah by fostering innovation and enhancing the success rates of early-stage businesses. Through its Ramp program, the organization offers a comprehensive 10-week innovation accelerator designed specifically for Utah innovators engaged in product development and manufacturing. Participants receive hands-on training in launching their ideas, validating customer demand, and developing a minimum viable product.
The Ramp program connects cohort members with industry mentors who provide crucial guidance on both technical design and business launch strategies. This mentorship is instrumental in refining innovations and ensuring that participants are well-prepared to seek investment capital from various sources. As a result, Grow Utah Ventures Inc not only stimulates entrepreneurial talent but also contributes to a more vibrant local business climate.
Ultimately, the organization's efforts to educate and train aspiring entrepreneurs increase the likelihood of success for new ventures, boosting the overall economic landscape of Utah and fostering a community of innovation and growth.
This information is meant to be a general summary of Grow Utah Ventures 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.
- Investment Income: $14
- Program Service Revenue: $20,330
- Gross Receipts: $279,768
Assets and Liabilities:
- Total Assets: $125,753
- Total Liabilities: $3,377
- Net Assets: $122,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ramp Revenue
Revenue
$15,330
Economic Dev Consultin
Revenue
$5,000
Organization Details
Founding Year
2008
Principal Officer
T Craig Bott
Website
www.growutahventures.comNTEE Category
Code: S30 - Community improvement
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