Cure Innovations LLC
THE ORGANIZATION WAS FORMED TO MANAGE CURE INNOVATION COMMONS, AN INCUBATOR FOR BIOSCIENCE AND OTHER TECHNOLOGIES.
Cure Innovations LLC
Overview
Cure Innovations LLC is a US nonprofit organization with the Employer Identification Number (EIN) 46-3840398, focused on managing the CURE Innovation Commons, an incubator for bioscience and other technologies in Southeastern Connecticut.
Purpose and Operations
The organization's mission is to foster economic development by nurturing bioscience and tech startups. It accomplishes this by providing necessary infrastructure and resources for new and growing companies, contributing to job creation and talent retention in the region. The CURE Innovation Commons offers commercial-grade laboratories, offices, co-working spaces, and meeting facilities. These resources are designed to support proof-of-concept experiments and help early-stage companies advance their innovations.
Financial Status
In past filings, Cure Innovations LLC reported significant revenue from contributions and rental property income, with substantial assets and liabilities. Contributions have been a major source of revenue, often comprising the majority of the organization's total income. Rental property income also plays a crucial role, providing a substantial portion of revenues.
Governance and Leadership
Key leadership includes positions such as co-chairs, a treasurer, secretary, president/CEO, and multiple directors. Despite detailed financial reports and governance structures, there is no publicly accessible information on the current board members for Cure Innovations LLC.
Community Impact
The nonprofit functions as a catalyst for innovation and entrepreneurship in Connecticut, supporting a diverse range of businesses critical to the state's future economic development. It collaborates with local organizations and government agencies to enhance the science industry's growth and sustainability in the region.
Related Entities
Cure Innovations LLC is associated with broader initiatives in Connecticut, such as the BioCT Innovation Commons, which received significant funding from the state to establish a community science incubator. This collaboration aims to strengthen the science industry by facilitating business growth and connecting entrepreneurs with essential resources.
Edit WikiFounded
2013
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Address
Groton
Cure Commons
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Groton
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