I2E INC

Programs

1. The organization manages and operates the oklahoma technology commercialization center ("otcc"), a program of the oklahoma center for the advancement of science and technology ("ocast") under an annual contract. The otcc program and contract were organized to help spur economic growth in the state by promoting and assisting oklahoma-based technology companies. The organization performs certain business, research, and planning services for small companies in the areas of marketing, development, and finance.

   $1,249,999 spent
   36% of program spending

2. I2e seed capital company, llc manages the oklahoma seed capital fund, llc (oscf), a series of investment funds providing seed and start-up stage equity financing to small high-growth, technology-based companies. It is an innovative public-private partnership, developed by ocast in partnership with i2e, the oklahoma department finance authority (odfa) and the oklahoma capital investment board (ocib) involved as co-investors in the fund's first series. The fund is aimed at helping technology-based firms access the capital they need to grow and create jobs. Co-investment by one or more investors is required and businesses must be located in the state of oklahoma. During the tax year, i2e seed capital, llc contracted with i2e management company, inc. To provide management services for the fund.

   $174,674 spent
   5% of program spending

3. Love's entrepreneur cup business plan competitionthe business plan competition is funded by the love's corporation and other sponsors throughout the state of oklahoma. Students involved in the competition gain access to networks of successful entrepreneurs, lenders and investors, team-building opportunities, business planning skills, and media exposure. One of the goals of the competition is to encourage the development and commercialization of ideas and technologies being discovered in our universities. The donald w. Reynold's foundation previously sponsored this competition. The reynold's foundation sponsorship ended in fy16. Beginning in fy17, the love's corporation agreed to be a major sponsor of this competition.

   $379,009 spent
   11% of program spending

4. Accelerate oklahoma funds: accelerate oklahoma and its subsidiaries were created to facilitate management of federal funds made available to the oklahoma department of commerce (odoc) by the u.s. Treasury for the state small business credit initiative (ssbci) program. The organization's contract, as amended, with odoc in the amount of $13,227,911 had a funding period of may 1, 2011 through march 31, 2017. On march 31, 2017, the federal ssbci program ended. Per the first amendment to the original allocation agreement executed october 18, 2012, any repayment of invested funds, principal and any investment gains, shall remain with accelerate oklahoma and be used to maintain, manage, and reinvest consistent with the investment plans set forth in the original allocation agreement. A second amendment to the original allocation agreement, dated january 10, 2017, allows i2e to charge a fee for management services and to earn a carried interest on any program income in the form of investment gain on funds invested. The organization is the sole member of accelerate oklahoma and accelerate oklahoma is the sole member of each of its subsidiaries. Each of these entities are disregarded for…

   $1,705,881 spentof which $70,000 as grants$1,356,049 earned by the program
   49% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,509,563.