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.