| Business Summary | | UTEK
Corporation
is
a
non-diversified,
closed-end
management
investment
company
that
has
elected
to
be
regulated
as
a
business
development
company
(BDC).
As
a
BDC,
UTEK
is
primarily
engaged
in
the
business
of
furnishing
capital
and
making
available
significant
managerial
assistance
to
companies
that
do
not
have
ready
access
to
capital
through
conventional
financial
channels.
Such
companies
are
termed
"portfolio"
companies.
The
Company
develops
portfolio
companies
that
identify,
license
and
market
new
technologies
invented
primarily
by
employees
of
universities
and
laboratories.
UTEK
intends
to
merge
its
portfolio
companies
principally
into
publicly
traded
companies
in
tax-free
stock-for-stock
exchanges.
Since
its
election
to
operate
as
a
BDC,
the
Company
has
concentrated
its
efforts
on
making
controlling
equity
investments
in
portfolio
companies
in
private
transactions. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Utek
Corporation,
a
closed-end
management
investment
company
that
has
elected
to
be
treated
as
a
Business
Development
Company,
finds,
acquires,
develops
and
finances
university
technology
for
its
customers.
For
the
six
months
ended
6/30/01,
revenues
rose
64%
to
$3.2
million.
Net
increase
in
net
assets
from
operations
rose
80%
to
$1.4
million.
Revenues
reflect
the
completion
of
a
technology
transfer.
Earnings
reflect
an
increase
in
value
related
to
ARS
investment. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Clifford Gross, Ph.D., 43 Chairman,
CEO | $150K | Uwe Reischl, Ph.D, M.D., 55 Pres | 115K | Charles Pope, 49 CFO | -- | Sam Reiber, 54 VP,
Gen. Counsel, Director | 67K | Carole Mason, 39 Sec.,
CAO | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|