2013-11-15T09:51:24-06:00 2013-06-30 650406502 DASZKAL BOLTON LLP 2401 NW BOCA RATON BLVD BOCA RATON FL 334316639 990 2012-07-01 900348486 INSTITUTE FOR COMMERCIALIZATION OF PUBLIC RESEARCH INC INST 5613688889 3651 FAU BLVD NO 400 BOCA RATON FL 33431 JANE TEAGUE 5613688889 2013-11-14 1 KEVIN E REYNOLDS P00178156 5613671040 2012 2015-11-30 17:44:51Z JANE TEAGUE 3651 FAU BLVD SUITE 400 BOCA RATON FL 33431 1190020 0 X WWW.FLORIDA-INSTITUTE.COM X 2007 FL PROMOTING ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION OF NEW DISCOVERIES. 5 5 7 55 0 0 10000000 1052650 23576 137370 0 0 9000 0 10032576 1190020 87611 315837 0 0 204595 1206550 0 0 0 369570 231628 661776 1754015 9370800 -563995 10327583 9569494 463468 269374 9864115 9300120 X THE INSTITUTE'S MISSION IS ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION OF NEW DISCOVERIES GENERATED FROM PUBLICLY FUNDED RESEARCH. SUCCESS IS MEASURED BY THE NUMBER OF COMPANIES AND JOBS THAT ARE CREATED, AND THE AMOUNT OF CAPITAL INVESTED INTO NEW VENTURES. 0 0 534726 315837 CONSISTENT WITH THE STATE'S TARGETED INDUSTRY CLUSTER STRATEGY, THE INSTITUTE MATCHES COMMERCIALLY VIABLE TECHNOLOGIES WITH EXPERIENCED MANAGEMENT (ENTREPRENEURS IN RESIDENCE OR "EIRS") AND CAPITAL TO CREATE NEW STARTUP COMPANIES BASED ON PUBLICLY FUNDED RESEARCH. THIS YEAR, THE INSTITUTE CONTINUED TO ADMINISTER THE FLORIDA RESEARCH COMMERCIALIZATION MATCHING GRANT PROGRAM WHICH WAS LAUNCHED IN 2010 WITH A $3,000,000 STATE APPROPRIATION. THE PROGRAM PROVIDED MATCHING FUNDS TO COMPANIES WHO HAD WON OR WERE SEEKING FEDERAL SBIR OR STTR GRANTS. THIS YEAR THE INSTITUTE PROVIDED FINAL CASH DISBURSEMENTS TO PREVIOUSLY AWARDED COMPANIES, TOTALING $315,837. 993062 137370 THE INSTITUTE CONTINUED TO DEPLOY ITS $10,000,000 STATE APPROPRIATION FROM 2011, HAVING LAUNCHED ITS SEED CAPITAL ACCELERATOR PROGRAM DURING THE PRIOR YEAR. THE PROGRAM PROVIDES LOANS RANGING BETWEEN $50,000 AND $300,000 TO EARLY STAGE STARTUP COMPANIES BASED ON PUBLICLY FUNDED RESEARCH THAT IT SUPPORTS. COMPANIES MUST MATCH INSTITUTE FUNDING WITH PRIVATE ANGEL INVESTMENT, AND FUNDED COMPANIES HAVE RAISED AS MUCH AS 3-4 TIMES THE AMOUNT PROVIDED BY THE INSTITUTE IN PRIVATE INVESTMENT CAPITAL. THE INSTITUTE FUNDED THIRTEEN NEW COMPANIES AND PROVIDED ADDITIONAL FUNDING TO ONE PREVIOUSLY-FUNDED COMPANY, FOR A TOTAL OF $3,875,000. FOUR OTHER COMPANIES WERE APPROVED FOR FUNDING.THE INSTITUTE CONTINUES TO BUILD NEW COMPANIES BY MATCHING THEM WITH EXPERIENCED MANAGEMENT AND CAPITAL, CONTRIBUTING TO FLORIDA'S INNOVATION ECONOMY AND CREATING JOBS IN KEY INDUSTRIES FOR GENERATIONS TO COME. 1527788 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 7 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 FL X X JANE TEAGUE 5613688889 3651 FAU BLVD SUITE 400 BOCA RATON FL 33431 RHYS WILLIAMS 1.00 X X 0 0 0 DAVID DAY 1.00 X X 0 0 0 BEAU FERRARI 1.00 X X 0 0 0 HAL VALECHE 1.00 X 0 0 0 JOHN FRASER 1.00 X 0 0 0 JANE TEAGUE 40.00 X 119270 0 0 JAMIE GROOMS 40.00 X 157053 0 0 276323 0 0 2 0 1 0 0 1000000 52650 1052650 SCAP LOAN INTEREST INC 522291 123174 123174 SCAP LOAN CLOSING FEES 522291 14196 14196 137370 1190020 137370 0 0 315837 315837 313914 273105 40809 668858 585554 83304 187261 162917 24344 36517 31770 4747 6231 4985 1246 17020 13616 3404 40000 40000 26206 20965 5241 17811 15104 2707 42969 39880 3089 9633 7706 1927 4423 3981 442 2034 128 1906 MEALS & ENTERTAINMENT 60013 48010 12003 DUES & SUBSCRIPTION 3785 3028 757 PRINTING & POSTAGE 1503 1202 301 1754015 1527788 226227 0 6312024 648207 3281135 2695785 250000 4337 5964 21542 13258 12707 8284 1301230 5374404 1500 1500 10327583 9569494 52050 155166 366242 29654 114208 15522 0 463468 269374 X 9864115 9300120 9864115 9300120 10327583 9569494 -563995 0 X X 0 1 X 1 1 1 X 900000 605000 3000000 10000000 1052650 15557650 900000 605000 3000000 10000000 1052650 15557650 15557650 23576 137370 160946 9000 9000 15727596 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40000 40000 1739015 1779015 238951 59738 0 0 304758 124266 238951 667975 1001963 25000 40000 40000 105000 76190 31067 59738 166995 250493 21542 13258 8284 8284 SEED FUNDING LOANS RECEIVABLE 5230000 C SEED FUNDING LOANS INTEREST RECEIVABLE 144404 C 5374404 X 1052650 0 1052650 137370 137370 1190020 1754015 0 1754015 0 1754015 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE INSTITUTE RECORDS A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF JUNE 30, 2013, THE INSTITUTE HAS NO LIABILITIES FOR UNCERTAIN TAX POSITIONS. THE INSTITUTE CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. OTHER INCOME INCLUDES SEED FUNDING LOAN INTEREST INCOME, FEE INCOME, AND OTHER MISCELLANEOUS INCOME. 1 CAPTOZYME 5745 SW 75TH STREET 298 GAINESVILLE FL 32608 270329516 12500 FMV CAPTOZYME IS A BIOTECHNOLOGY COMPANY DEDICATED TO DEVELOPING NUTRACEUTICAL DRUGS FOR THE TREATMENT AND/OR PREVENTION OF OXALATE-RELATED CONDITIONS IN BOTH HUMANS AND DOMESTIC ANIMALS, AS WELL AS PROVIDING OXALATE DEGRADING ENZYMES TO THE PULP, BEER AND FOOD INDUSTRY TO PREVENT THE BUILDUP OF CALCIUM OXALATE DURING PROCESSING. WIOPTIX INC 1124 SW 90TH TERRACE GAINESVILLE FL 32607 263793804 12500 FMV WIOPTIX INC OFFERS A PORTFOLIO OF INNOVATIVE MICROELECTROMECHANICAL SYSTEM (MEMS) TECHNOLOGY AND PROPRIETARY MINIATURE OPTICAL IMAGING PROBE DESIGNS THAT CAN BE WIDELY USED IN VARIOUS ENDOSCOPIC IMAGING APPLICATIONS FOR EARLY CANCER DIAGNOSIS, IMAGING-GUIDED TUMOR/CANCER SURGERY, AND CANCER THERAPEUTIC TREATMENT MONITORING. ATGI 309 SE OSCEOLA ST STE 206 STUART FL 34994 650618851 61250 FMV ATGI IS AN INDEPENDENT, PRIVATELY HELD ENGINEERING RESEARCH AND DEVELOPMENT FIRM AND WAS FORMED TO MEET THE NEEDS OF GOVERNMENT AND PRIVATE-SECTOR CLIENTS WITH TECHNOLOGICAL CHALLENGES THAT DEFY CONVENTIONAL SOLUTIONS. CONVERGENT ENGINEERING 107 SW 140 TERRACE SUITE 1 NEWBERRY FL 32669 271793292 60693 FMV CONVERGENT ENGINEERING FOCUSES ON THE APPLICATION OF ADVANCED TECHNOLOGY, SIGNAL PROCESSING, AND ARTIFICIAL INTELLIGENCE TO BIOMEDICAL APPLICATIONS. ECLIPSE ENERGY SYSTEMS INC 2345 ANVIL STREET NORTH ST PETERSBURG FL 33710 593269075 61250 FMV ECLIPSE ENERGY SYSTEMS, INC. PROVIDES CUSTOMERS WITH UNIQUE SOLUTIONS TO A BROAD RANGE OF TECHNICAL CHALLENGES. KNOWLEDGE AREAS INCLUDE: MATERIAL SCIENCE, CHEMISTRY AND ENGINEERING. OPTIGRATE CORPORATION 3267 PROGRESS DRIVE ORLANDO FL 32826 522197299 61250 FMV OPTIGRATE CORPORATION DESIGNS AND MANUFACTURES A FULL RANGE OF VOLUME BRAGG GRATINGS (VBGS) IN INORGANIC PHOTOSENSITIVE GLASS AND SEVERAL TYPES OF HIGH POWER LASER SYSTEMS. RINI TECHNOLOGIES INC 582 SOUTH ECON CIRCLE OVIEDO FL 32765 593465749 61250 FMV RINI TECHNOLOGIES, INC. PROVIDES INNOVATIVE SOLUTIONS TO THE TOUGHEST THERMAL MANAGEMENT CHALLENGES. RINIS CORE TECHNOLOGY AREAS INCLUDE; MINIATURE REFRIGERATION, EVAPORATIVE SPRAY COOLING AND THERMAL ENERGY STORAGE FOR MILITARY AND OTHER APPLICATIONS. SELF-DETERMINED HEALTH INC 814 DEER WOODS ROAD CELEBRATION FL 34747 261521063 47346 FMV SELF-DETERMINED HEALTH, INC. PROVIDES PRODUCTS AND SERVICES THAT IMPROVE PATIENT HEALTH, AND LOWER HEALTH CARE COSTS. THE FOCUS OF THIS PROGRAM IS DEVELOPMENT OF DISEASE SELF-MANAGEMENT TOOLS SUCH AS THE INTERACTIVE CHOLESTEROL ADVISORY TOOL (ICAT). STRUCTURAL COMPOSITES INC 7705 TECHNOLOGY DRIVE MELBOURNE FL 32904 592871692 61250 FMV STRUCTURAL COMPOSITES PROVIDES PRODUCTS AND SERVICES TO THE GOVERNMENT AND PRIVATE INDUSTRY INCLUDING R&D, LABORATORY TESTING, MANUFACTURING TECHNOLOGY DEVELOPMENT, PRODUCT DEVELOPMENT, ENGINEERING SERVICES, TRAINING AND CONSULTING. 9 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: WHEN THE APPLICANTS APPLIED FOR FUNDING THROUGH COMMERCIALIZATION MATCHING GRANT PROGRAM, THEY INCLUDED BUDGETS THAT ALIGNED WITH THEIR PROPOSED SCOPES OF WORK. THE INSTITUTE THEN ENTERED INTO CONTRACTS WITH EACH OF THE THIRTEEN GRANTEES, AND PER THE CONTRACTS THE GRANTEES ARE REQUIRED TO REPORT TO THE INSTITUTE, ACCORDING TO SPECIFIC SCHEDULES, ON FUNDS EXPENDED AND MILESTONES MET. IF THE INSTITUTE HAS QUESTIONS ABOUT THE INFORMATION CONTAINED IN THE REPORTS, IT CONTACTS THE GRANTEE FOR CLARIFICATION, AND FUNDS ARE NOT PAID TO THE GRANTEE UNLESS THE INSTITUTE IS SATISFIED THAT THE DELIVERABLES HAVE BEEN MET AND THE SPENDING IS IN ACCORDANCE WITH THE PLAN. X X 0 0 0 0 0 0 0 0 0 JAMIE GROOMS 157053 0 0 0 0 0 0 0 0 0 157053 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A A BOARD OF DIRECTOR MEMBER ORGANIZATION HAS THE POWER TO APPOINT A MEMBER OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THAT MIGHT EXIST WITH THE COMPANIES THAT THE ORGANIZATION ASSISTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR.