University Enterprise Laboratories Inc
University Enterprise Laboratories Inc
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About this organization
Mission
To support early-stage ventures to growth and commercial success through connections, services, and world-class laboratory facilities in Minnesota’s entrepreneurship ecosystem.
About
Serves as a laboratory-based incubator for emerging life science companies by providing laboratory space and access to equipment, business training, and research collaboration with the University of Minnesota faculty and students.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “The mission of the university enterprise laboratories is to support early-stage ventures in life sciences to growth and commercial success through connections, services, and world-class laboratory facilities in minnesota's entrepreneurship ecosystem.”.
When detailing its functions, they were listed as: “Uel is organized for charitable, educational, and scientific purposes. it serves as a laboratory-based incubator for emerging life science companies by providing access to world-class laboratory facilities, shared equipment, business and entrepreneurship training, a community of startups, and collaboration with university-based researchers. it also supports student work experience through internship opportunities, and technology transfer with the university of minnesota. it is organized and will continue to be operated to promote, encourage, and aid scientific investigation, research, technological advancement, educational opportunities, and entrepreneurship; promote, encourage and aid in the mutual transfer and application of scientific investigation and research, technological advancement, and educational opportunities in collaboration with educational and research institutions, industry, business, and government.”.
- According to the law, the state where the non-profit operates has been reported as MN.
- The filing specifies that the non-profit's address in 2020 was 1000 WESTGATE DRIVE SUITE 101, ST PAUL, MN, 55114.
- As of 2020, the non-profit's form shows they have a total of 1 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$519,247.
- The organization has 14 independent voting members.
- The organization was formed in 2002.
- The organization pays $175,462 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.