Overview
What is Accelerate Long Island Inc?
Accelerate Long Island Inc is a nonprofit organization located at 300 BroadHollow Road Suite 110W, Melville, NY 11747. Founded in collaboration with Anyitc Fund GP, LLC and New York State Urban Development Corporation (ESD), this organization aims to support high-tech startup companies in Downstate New York State. Their unique mission is to foster a partnership between Long Island's renowned research institutions and business community, with the goal of commercializing research and fostering an entrepreneurial ecosystem. Although not explicitly stated, it can be inferred that they provide funding to these startups, contributing to the growth and innovation of the region's tech sector.
Official website here: www.accelerateli.org
Is Accelerate Long Island Inc legitimate?
Accelerate Long Island Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Accelerate Long Island 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.accelerateli.org
What is the mission statement of Accelerate Long Island Inc?
Accelerate Long Island Inc operates with a unique collaboration between top-tier research institutions and the local business community. Their primary goal is to commercialize research and foster an entrepreneurial ecosystem, ultimately aiding in the development of high-tech start-up companies in the early stages. They achieve this by providing funding, contributing to the growth of innovative companies within Downstate New York State. This mission aims to stimulate technological advancement and economic development in the region.
Official website here: www.accelerateli.org
Who is the CEO of Accelerate Long Island Inc?
Michelle Byrne is the Chairman of Accelerate Long Island Inc.
Official website here: www.accelerateli.org
What is the revenue of Accelerate Long Island Inc?
Accelerate Long Island Inc's revenue in 2021 was $75,000.
Official website here: www.accelerateli.org
Who are the executives of Accelerate Long Island Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.accelerateli.org
Where can I find the form 990 for Accelerate Long Island Inc?
Accelerate Long Island Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.accelerateli.org
Learn more at the official website: www.accelerateli.org
Mission Statement of Accelerate Long Island Inc
Accelerate Long Island Inc is a unique collaboration between Long Island's renowned research institutions and its business community. Their mission is centered around commercializing research and fostering an entrepreneurial ecosystem. This organization, through its venture capital firm, Accelerate NY Innovation TC Fund, LP, aims to provide funding for high-tech start-up companies based in Downstate New York State. The general investment strategy of this partnership is to support these innovative companies, thereby driving economic growth and job creation in the region.
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Impact
October, 2024
Accelerate Long Island Inc significantly contributes to the regional economy by fostering innovation and supporting the growth of high-tech start-up companies in downstate New York. By providing early-stage venture capital, it enables entrepreneurs to access the necessary funding to transform innovative ideas into viable businesses. This initiative creates a unique collaboration between Long Island's premier research institutions and the local business community, leading to the commercialization of research.
The impact of this collaboration is far-reaching. It helps cultivate an entrepreneurial ecosystem that not only boosts job creation but also enhances technological advancement in the region. By bridging the gap between research and industry, Accelerate Long Island Inc plays a crucial role in driving economic development, improving community resilience, and promoting the growth of a sustainable business environment in the area. Overall, its efforts contribute to a stronger, more diverse economy, making Long Island a hub for innovation and entrepreneurship.
This information is meant to be a general summary of Accelerate Long Island 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 2021.
- Program Service Revenue: $75,000
- Gross Receipts: $75,000
Assets and Liabilities:
- Total Assets: $900,338
- Total Liabilities: $2,082
- Net Assets: $898,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$75,000
Organization Details
Founding Year
2011
Phone
(631) 493-3048Principal Officer
Michelle Byrne
Main Address
300 BROADHOLLOW ROAD SUITE 110W, MELVILLE, NY, 11747
Website
www.accelerateli.orgNTEE Category
Code: S99 - Community improvement
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