More good news this morning out of Eugene, Oregon, as Joe Maruschak, Director of RAIN Eugene (Regional Accelerator and Innovation Network) announced the creation of the Coast to Crest (CR2) Investment Fund for Lane County startups.
According to Maruschak, “the entrepreneurial landscape in Lane County is evolving and conditions are right for the establishment of such a fund.”
According the the Register Guard, the fund size is capped at $3 million and will provide seed money for local businesses looking for venture capital.
This is great news for Southern Oregon; it’s been suggested that entrepreneurs and startups in the Eugene market aren’t easily able to access investment capital, primarily because of their “geographic distance from traditional investment centers.”
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