A multifunctional organic-inorganic hybrid based on a Cu coordination polymer capped polyoxometalate (H 3 PMo 12 O 40 ) designated as compound 1 with [Cu I (4,4 0 -bipy)] 3 [PMo 10 VI Mo 2 V O 40 {Cu II (2,2 0 -bipy)}] formula was prepared using CuCl 2 Á2H 2 O, 4,4 0 -bipy, 2,2 0 -bipy and H 3 PMo 12 O 4 in water under hydrothemal conditions. The prepared compound 1 was characterized by FTIR, XRD and chemical analysis techniques. It was found that the compound successfully catalyzes the epoxidation of various alkenes such as diphenyl ethylene, trans-stilbene, cyclohexene, norbornene, styrene and cyclooctene and oxidation of alkanes such as fluorene, adamantane, diphenylmethane, cyclohexane and cyclooctane, in acetonitrile with 20-99 % conversion and 53-100 % selectivity with tert-butyl hydroperoxide as oxidant under optimized condition. This heterogeneous catalyst could be easily recovered and reused after reaction without loss of activity.