Overview
What is Cuventures Inc?
Cuventures Inc, based in Wisconsin, is a nonprofit organization that primarily focuses on three key areas: operationalizing academic research and scientific discoveries, providing entrepreneurship education and mentoring, and operating a business incubator. Their primary objective is to benefit Concordia University Wisconsin Foundation and better humanity by translating academic research into practical applications, particularly in the field of medical and healthcare innovations. They also engage in educational programs and mentorship opportunities to teach students and faculty about entrepreneurship and the commercialization of scientific discoveries. Lastly, Cuventures provides seed funding and support to emerging businesses, aiming to foster economic development in the Milwaukee area, particularly in disadvantaged communities.
Official website here: www.cuw.edu
Is Cuventures Inc legitimate?
Cuventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cuventures 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: $40,572
For more financial information, click here
Official website here: www.cuw.edu
What is the mission statement of Cuventures Inc?
Cuventures Inc is exclusively dedicated to benefiting and supporting Concordia University Wisconsin Foundation. Its primary mission is to operationalize academic research and scientific discoveries, with a focus on innovations that address unmet medical and healthcare needs for the general public. This is done by coordinating and translating research into practical applications, with an emphasis on biomedical discoveries that improve health outcomes.
In addition, Cuventures offers mentoring and educational programs on entrepreneurship in partnership with Concordia University, teaching students and faculty about translating research into products that better humanity. This is aimed at fostering practical knowledge in operationalizing scientific discoveries and engaging in entrepreneurship.
Cuventures also provides seed funding and assistance to entrepreneurs, helping with the commercialization of academic discoveries and scientific research from Concordia University students and faculty. This not only supports the education of students and the scientific research of faculty but also fosters economic development in economically depressed areas, where poverty rates are significantly higher than the national average.
Official website here: www.cuw.edu
Who is the CEO of Cuventures Inc?
Roy Peterson is the Interim President of Cuventures Inc.
Official website here: www.cuw.edu
What is the revenue of Cuventures Inc?
Cuventures Inc's revenue in 2022 was $225,900.
Official website here: www.cuw.edu
Who are the executives of Cuventures Inc and what are their salaries?
There 1 volunteer at Cuventures Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $108,999
- Other: $194,459
- Compensation: $0
- Related: $237,633
- Other: $39,389
- Compensation: $0
- Related: $161,041
- Other: $56,741
- Compensation: $0
- Related: $161,555
- Other: $55,795
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cuw.edu
Where can I find the form 990 for Cuventures Inc?
Cuventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cuw.edu
Learn more at the official website: www.cuw.edu
Mission Statement of Cuventures Inc
Cuventures Inc, an organization exclusively dedicated to supporting Concordia University Wisconsin Foundation, has a mission to facilitate academic research and scientific discoveries. The primary focus is on translating these findings into practical applications that can benefit humanity, with an emphasis on addressing unmet medical and healthcare needs for the general public. This mission is overseen by the board of directors and involves a collaboration of officers, directors, volunteers, and employees from Cuventures, the supported organization, and Concordia University.
Cuventures also dedicates a significant portion of its time and resources to education and mentoring, particularly in the field of entrepreneurship. In partnership with Concordia University, Cuventures provides programs that teach students, faculty, and others about entrepreneurship and how to translate academic research and scientific discoveries into products and processes that can improve human health and wellbeing.
Moreover, Cuventures operates as a business incubator, providing seed funding and other forms of assistance to entrepreneurs, with a focus on commercializing academic discoveries and scientific research from Concordia University students and faculty. This activity not only supports the education of Concordia University students in entrepreneurship but also contributes to economic development in underserved areas, which often have high poverty rates, particularly among minority communities.
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Impact
October, 2024
Cuventures Inc has a significant impact on the community and beyond through its multifaceted approach to translating academic research into practical applications. By operationalizing scientific discoveries, Cuventures plays a crucial role in developing products that address unmet medical and healthcare needs, ultimately enhancing public health. This endeavor involves collaboration among diverse stakeholders, including faculty, students, and community members, ensuring that the outcomes are not only innovative but also relevant to society’s pressing challenges.
In addition to its focus on research, Cuventures emphasizes education and mentorship in entrepreneurship, providing essential training to students and faculty at Concordia University. This program equips them with the tools to transform academic findings into viable business ventures, thereby fostering a culture of innovation and enterprise. Through these educational initiatives, Cuventures not only enhances the skill sets of individuals but also empowers them to contribute meaningfully to their communities.
Cuventures also plays a vital role as a business incubator, offering seed funding and support to emerging entrepreneurs. By focusing on the commercialization of discoveries made at Concordia University, Cuventures fosters economic development, especially in the economically depressed areas of Milwaukee. This targeted support helps generate new businesses, creating jobs and reducing poverty levels within these communities. The emphasis on empowering minority communities further underscores Cuventures’ commitment to social equity and inclusiveness.
Overall, Cuventures Inc’s strategic initiatives contribute significantly to advancing scientific knowledge, fostering entrepreneurship, and stimulating economic growth, thereby making a profound impact on both individuals and society as a whole.
This information is meant to be a general summary of Cuventures 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 2022.
- Investment Income: $8,000
- Gross Receipts: $225,900
Assets and Liabilities:
- Total Assets: $667,900
- Total Liabilities: $0
- Net Assets: $667,900
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Organization Details
Founding Year
2020
Phone
(262) 243-5700Principal Officer
Roy Peterson
Main Address
12800 N LAKE SHORE DRIVE, MEQUON, WI, 53097
Website
www.cuw.eduNTEE Category
Code: B11 - Education
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