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Fortworth Medtech Center Inc Dba: Techfw

Fortworth Medtech Center Inc Dba: Techfw

Fort Worth, TX 76104
Tax ID75-2775052

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About this organization

Revenue

$548,733

Expenses

$588,176

Mission

Entrepreneurs helping entrepreneurs commercialize innovative technology.

About

CORE CLIENT PROGRAMS: During 2016, 14 clients participated in ThinkLab and about 30 clients participated in Smart Start. Programs are for companies that own proprietary technology. In the Smart Start Program, there are further requirements that the founder must be working full-time in the business and that the TECH Fort Worth staff believe in the company's plan and believe they can help the founder to achieve the plan. The goal of ThinkLab is to develop the best business model to move the technology to market: the goal of Smart Start is to make it happen, through customized efforts to refine the plan, refer the company to appropriate management, consultants, or others, help the company find appropriate funding, etc. Smart Start clients are allowed to lease space during times when they need that space to implement their plans. Some clients may also lease wet lab space and utilize other resources at the UNT Health Science Center.

Interesting data from their 2017 990 filing

The non-profit's aim, as stated in the filing, is “Tech fort worth encourages the development of the technology business community by helping regional entrepreneurs commercialize innovative technology.”.

When referring to its actions, they were outlined as: “Tech fort worth encourages the development of the technology business community by helping regional entrepreneurs commercialize innovative technology.”.

  • The non-profit has complied with legal obligations by reporting their state of operation as TX.
  • The non-profit's address in 2017 is noted in the filing as 1120 S FREEWAY, FORT WORTH, TX, 76104.
  • The non-profit's form for 2017 reports a total of 5 employees.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is -$198,080.
  • The organization has 11 independent voting members.
  • The organization was formed in 1998.
  • The organization pays $442,709 in salary, compensation, and benefits to its employees.
  • The organization pays $28,471 in fundraising expenses.

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