Bioenterprise Corp
Bioenterprise Corp
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About this organization
Mission
TO FOSTER ECONOMIC DEVELOPMENT AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES TO IMPROVE PUBLIC HEALTH.
About
ENTREPRENEUR ASSISTANCE: BIOENTERPRISE IS A BUSINESS FORMATION, RECRUITMENT AND ACCELERATION NONPROFIT DESIGNED TO GROW HEALTHCARE COMPANIES AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES IN NORTHEAST OHIO IN SUCH SECTORS AS MEDICAL DEVICES, BIOPHARMACEUTICAL AND HEALTHCARE SOFTWARE, AND SERVICES/HEALTH IT FIRMS. EACH YEAR, BIOENTERPRISE FOCUSES ON A SELECT NUMBER OF COMPANIES AND EMPLOYS BIOENTERPRISE AND PARTNER RESOURCES TO HELP THOSE COMPANIES ACHIEVE GREATER LEVELS OF BUSINESS SUCCESS. THE ORGANIZATION'S MISSION IS TO HELP STIMULATE ECONOMIC DEVELOPMENT IN A STRUGGLING NORTHEAST OHIO ECONOMY, COMMERCIALIZE NEW LIFE-ENHANCING HEALTHCARE TECHNOLOGIES, CREATE JOBS AND GROW A PIPELINE OF TALENT THAT NORTHEAST OHIO'S BUSINESSES NEED TO BE SUCCESSFUL. (CONTINUED AT SCHEDULE O)DURING FISCAL YEAR 2018, BIOENTERPRISE REVIEWED 105 NEW OPPORTUNITIES; ADDED 10 NEW CLIENTS (FOR A TOTAL OF 314 ACTIVE CLIENT COMPANIES); ASSISTED IN ATTRACTING 9 NEW COMPANIES TO ESTABLISH OPERATION IN THE REGION; AND SUPPORTED 53 INITIATIVE COMPANIES THAT ATTRACTED $274,111,644 IN NEW FUNDING. BIOENTERPRISE HOSTED OR PARTNERED ON MORE THAN A DOZEN EVENTS FOR EDUCATION, NETWORKING, FUNDING OPPORTUNITIES AND MORE, WHICH DREW MORE THAN 1,000 ATTENDEES. THE ORGANIZATION ALSO PREPARES AN ANNUAL MIDWEST HEALTH CARE GROWTH CAPITAL REPORT USED BY BIOMEDICAL ORGANIZATIONS ACROSS 11 STATES FOR BENCHMARKING AND STRATEGIC PLANNING.
Interesting data from their 2019 990 filing
The mission of the non-profit, as stated in the filing, is “Bioenterprise is a business formation, recruitment, and acceleration initiative designed to foster economic development and to grow health care companies, and commercialize bioscience technologies to improve public health.”.
When referring to its tasks, they were described as: “To foster economic development and commercialize bioscience technologies to improve public health.”.
- The non-profit is operating legally in the state of OH.
- The non-profit's address for the year 2019 is listed as 1 ST CLAIR AVENUE, CLEVELAND, OH, 44114 in the filing.
- The form submitted by the non-profit organization for 2019 reports 46 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$455,425.
- The organization has 11 independent voting members.
- The organization was formed in 2000.
- The organization pays $3,521,829 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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