News for OEDA Members- Oregon RAIN
The Oregon Regional Accelerator and Innovation Network (RAIN) is proud to announce news from four of its network initiatives; RAIN’s first coastal pre-accelerator program in underway; applications have closed for the 2017 Willamette Angels Conference; the OSU Advantage Accelerator/RAIN Corvallis’ is accepting applications for its Iterate program and celebrating the winners of its Next Great Startup competition; and RAIN Eugene and Fertilab have started a merger to consolidate local entrepreneurial resources.
RAIN Coastal Pre-Accelerator Program is Underway
RAIN’s inaugural coastal pre-accelerators are officially underway. RAIN selected seven companies from Florence and five from Lincoln County to participate in these 12-week, bootcamp style programs for the best and brightest startup companies on the Central Oregon Coast.
RAIN will also host a corresponding entrepreneurial speaker series that is free and open to the public. For more information on these events, including registration, visit bit.ly/MeetupFloCo for Florence, and bit.ly/MeetupLinCo for Lincoln County.
Coincidentally, Governor Kate Brown visited Florence on March 14 — the day before the start of the Florence pre-accelerator program — to meet with local businesses and learn about how RAIN is helping local entrepreneurs succeed. Watch the KMTR news story of her visit at bit.ly/GovBrownVisitsFloCo.
Governor Kate Brown with David Youngentob, RAIN's Coastal Venture Catalyst.
Applications close for the 2017 Willamette Angels Conference
The 2017 Willamette Angels Conference (WAC) applications have closed with 44 applications submitted for consideration to participate in this year’s event.
“The quality of companies represented in the 2017 applicant pool is remarkable and far exceeds what we have experienced in previous years,” said Marc Manley, Executive Director Oregon RAIN. “Many of the companies vying for a spot at this year’s conference have already demonstrated success with key milestones; traction in sales, market viability and strategic alignment.”
The most represented industry among applicants was consumer products, other applicants industries include food and beverage, clean technology and medical devices. Applications were received from companies in the following regions; Portland-metro, Eugene, Corvallis, Bend, Cascade Locks, Independence and Yoncalla.
Please stay tuned for upcoming news around the 2017 Willamette Angels Conference.
March 22 – Semi-finalists announced
April 20 – Finalists announced
May 11 – Winners announced at the 2017 Willamette Angels Conference, Corvallis, Oregon
Register to attend the WAC at: willametteconference.com/attend-the-event/
OSU Advantage Accelerator/RAIN Corvallis Accepting Applications for Iterate program
The OSU Advantage Accelerator/RAIN Corvallis is accepting applications for its Iterate program. The four-week workshop series focuses on examining the opportunity for startup ideas, defining value proposition, and finding problem/solution fit. The program is free and open to the community and OSU students, researchers, faculty, and staff. The course iss available remotely in Bend. It runs each Tuesday in April, starting April 4th. For full details and application materials, visit the OSU Advantage Accelerator / RAIN Corvallis website at: advantage.oregonstate.edu/iterate
In other news, the Next Great Startup Competition for undergraduate and graduate students looking to turn a startup idea into a real company concluded on March 9. This year’s winner was Gobtech. From 27 applicant teams to the last team standing, GobTech and the three other finalists went through three rounds of business development and pitching over the course of three months to make it to the final stage. This winner-take-all opportunity for student-ventures was made possible by OSU Advantage Accelerator VC coaches, judges, and mentors, as well as the funding provided by their sponsors: Martin Tobias, Klarquist, OSU Office for Commercialization & Corporate Development, OSU Foundation, Ater Wynne, Stover Neyhart & Co., OSU College of Business, OSU Graduate School, OSU College of Engineering, and Oregon RAIN. Due to their generosity, competitors won over $30,000 in cash and inkind services combined.
RAIN Eugene and Fertilab Merge to Consolidate Local Entrepreneurial Resources
RAIN Eugene and Fertilab have begun a merger to consolidate local entrepreneurial services. The new combined organization, which will operate as RAIN Eugene, allows entrepreneurs at any stage of their startup to have a single place to go for support and resources. The shared missions of RAIN Eugene and FertiLab will allow them to more effectively deliver on their mission goals of entrepreneurial education, workforce development, capital formation, and infrastructure development.
About Oregon RAIN: The Regional Accelerator & Innovation Network (RAIN) is an Oregon consortium of government, higher education, and the business community. RAIN was founded by the State of Oregon’s Regional Solutions network and funded by the 77th Oregon State Legislative Assembly to advance the formation of high-growth innovative startup companies located in Lane, Linn, Benton, and Lincoln Counties.
In coordination with many cities and communities throughout the region, RAIN is partnered with two accelerators to create a collaborative environment to assist entrepreneurs in establishing viable companies that generate jobs, wealth and opportunities for the region. RAIN Corvallis is served by the Oregon State University Advantage Accelerator. The RAIN Eugene Accelerator is a partnership between the University of Oregon and the Eugene Area Chamber of Commerce. For more information about RAIN, visit www.oregonrain.org.