The Center for Advancing Innovation Inc.
The Center for Advancing Innovation Inc.
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About this organization
Mission
The Center for Advancing Innovation (CAI) is a global public-private partnership non-profit focused on creating a virtuous circle of innovation and driving growth breakthroughs through novel, creative paradigms and models. CAI's mission is to accelerate and increase the volume of research commercialization in support of high growth business in order to ignite entrepreneurship, bolster the global economy and maximize the commercial and knowledge-based potential of promising inventions. CAI's award-winning challenge-based accelerator, rigorous fact-based due diligence and capital efficient lean management models serve to hyper-accelerate 'gazelle' high-performing startups for outsized investor returns. For more information about CAI, please visit http://www.thecenterforadvancinginnovation.org.
About
In 2018, the Center for Advancing Innovation orchestrated the Freedom from Cancer Startup Challenge with funding from MedImmune - the global biologics research and development arm of AstraZeneca - and funding from the Laura and John Arnold Foundation. This challenge sourced and trained entrepreneurs worldwide to create startups around breakthrough inventions - conceived and developed at 55 institutions, including the National Institutes of Health, the United States Army, and more than fifty American universities and hospitals - to better prevent, diagnose, treat, and cure cancers.
Interesting data from their 2019 990 filing
The filing clearly states the mission of the non-profit as “The center for advancing innovation (cai) is a global public-private partnership non-profit focused on creating a virtuous circle of innovation and driving growth breakthroughs through novel, creative paradigms and models. cai's mission is to accelerate and increase the volume of research commercialization in support of high growth business in order to ignite entrepreneurship, bolster the global economy and maximize the commercial and knowledge-based potential of promising inventions. cai's award-winning challenge-based accelerator, rigorous fact-based due diligence and capital efficient lean management models serve to hyper-accelerate "gazelle" high- performing startups for outsized investor returns. for more information about cai, please visit http://www.thecenterforadvancinginnovation.org.”.
When outlining its functions, they were explained as: “The center for advancing innovation (cai) is a global public-private partnership non-profit focused on creating a virtuous circle of innovation and driving growth breakthroughs through novel, creative paradigms and models. cai's mission is to accelerate and increase the volume of research commercialization in support of high growth business in order to ignite entrepreneurship, bolster the global economy and maximize the commercial and knowledge-based potential of promising inventions. cai's award-winning challenge-based accelerator, rigorous fact-based due diligence and capital efficient lean management models serve to hyper-accelerate "gazelle" high- performing startups for outsized investor returns. for more information about cai, please visit http://www.thecenterforadvancinginnovation.org.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as MD.
- The filing records the non-profit's address for 2019 as 9508 BURNING TREE ROAD, BETHESDA, MD, 20817.
- As of 2019, the non-profit's form reports a total of 4 employees.
- The non-profit has loans as of 2019.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $570,413.
- The compensation of the CEO of the organization is not based on an independent review and approval process.
- The organization has 3 independent voting members.
- The organization was formed in 2012.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $519,987 in salary, compensation, and benefits to its employees.
- The organization pays $70,292 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.