DICE Foundation Inc

Overview

DICE Foundation Inc is a registered nonprofit organization based in Michigan, United States. It operates under the designation of a 501(c)(3) entity, which allows it to pursue a variety of charitable purposes including educational, scientific, and literary initiatives. The foundation is committed to fostering innovation and entrepreneurship at various levels within society.

Mission and Objectives

The primary mission of DICE Foundation Inc is to cultivate a culture of innovation and entrepreneurship to drive socio-economic development. Key objectives of the foundation include:

• Providing a collaborative platform for academia, industry, and government to develop and share innovative concepts and products.

• Promoting the digital revolution through the acquisition and use of advanced digital technologies across sectors.

• Enhancing the international image of the country as a center for innovation and high technology capable of producing advanced products and services.

Programs and Initiatives

DICE Foundation Inc oversees several major initiatives aimed at promoting innovation:

• DICE National Innovation Basket (NIB): This initiative includes various mega projects such as the development of electric cars and electric car batteries, aimed at transforming automotive innovations into viable commercial products.

• Farmer Portal: Designed to equip farmers with critical information and technology needed for enhanced agricultural practices.

Financials

DICE Foundation Inc primarily generates its revenue through contributions, with notable financial activity recorded in recent fiscal years. The foundation's financial statements indicate a reliance on donations, with total assets of $78,709 reported in 2019. The operational budget reflects an emphasis on maintaining low administrative expenses, with key personnel not drawing salaries, thereby maximizing funds available for programmatic initiatives.

Governance

The foundation is governed by a board of directors who oversee its operations and strategic direction. The president of DICE Foundation Inc is Ubaid Ur Rehman, with other officers including Adil Akhtar (Vice President) and Muhammad Rizwan (Secretary). These roles contribute to ensuring that the foundation remains focused on its mission to foster innovation.

Conclusion

DICE Foundation Inc represents a strategic effort to integrate innovation within various sectors of society, promoting sustainable development and improving the country's global standing in technology and entrepreneurship. Its initiatives and programs are designed to mobilize resources and engage stakeholders from multiple sectors, making a significant impact on both local and national levels.