OSU Advantage Accelerator finalizes date for Startup Showcase

Credit: OSU Advantage Accelerator

The Startup Showcase is a celebration of innovation and entrepreneurship brought to you by the OSU Advantage Accelerator. This year, the Startup Showcase provides an opportunity to learn about emerging technologies from Oregon State University, hear stories from local entrepreneurs, and network with professionals in our community.

https://www.eventbrite.com/e/osu-advantage-accelerator-startup-showcase-tickets-38551330066?ref=enivtefor001&invite=MTI4MzM2ODAva2FybC5tdW5kb3JmZkBvcmVnb25zdGF0ZS5lZHUvMA%3D%3D&utm_source=eb_email&utm_medium=email&utm_campaign=inviteformalv2&ref=enivtefor001&utm_term=attend

What would it take for Tacoma to become a hub for high-paying tech jobs?

Credit: Tacoma News Tribune, Kate Martin

Amazon has raised the hopes of just about every city in the country, including Tacoma, when it said it’s looking for a suitable site for a second headquarters.

Don’t break out the champagne and balloons, Tacoma.

Tacoma likely won’t land the $5 billion building, and attracting even small tech firms can be a long shot.

The City of Destiny has things going for it — reasonable home prices and a well-educated workforce.

http://www.thenewstribune.com/news/business/article176118126.html

Dept. of Commerce backs Willamette Valley Seed Fund.

Credit: Portland Business Journal, Malia Spencer

Work to create a new angel fund in Oregon got a boost this week after with the Regional Accelerator and Innovation Network landed $300,000.

The U.S. Department of Commerce money will back administration costs of the new Willamette Valley Seed Fund, said fund manager and RAIN Executive Director Marc Manley. The pool was created this year under the temporary name W2 Fund as a companion to the Willamette Angel Conference, an event that allows investors to pool their money and then select a startup for investment.

“After the 2016 Willamette Angel Conference … a core group of investors, myself included, started meeting to explore a way for us to help close the capital gap in our region, and provide funding not just to the winner of a beauty contest but provide capital all year,” Manley said.

The group had targeted $250,000 for an initial fund. To date, it has secured $480,000. Manley expects the figure to hit or exceed $500,000.

https://www-bizjournals-com.cdn.ampproject.org/c/s/www.bizjournals.com/portland/news/2017/09/25/willamette-valley-gets-a-seed-fund-of-its-own.amp.html

Innovators Wanted. University of Oregon announces Innovation Summit

Credit: University of Oregon Innovation Summit

Celebrating innovation & entrepreneurship at the University of Oregon & beyond

Join us as for a one-day, interdisciplinary festival as we highlight innovation among our students, faculty, and alumni, as well as, the wider Eugene community and connect participants to ideas, resources and one another to advance entrepreneurial knowledge, opportunities and shared pursuits.

 The UO Innovation Summit is an organized set of activities that will include speaker presentations, interactive exhibits, skill-building workshops, pitch competitions, hackathons, performances, film showings and art exhibitions all under the theme of ‘Innovation’. Activities will highlight the latest trends and thought-leadership across a range of disciplines including Science, Technology, Media, Social Justice, Global Issues, Arts & Literature, Sports, Music, Environment, Gender and Sexuality and Business.

 We invite all members of the UO and Eugene/Springfield communities to submit creative and compelling proposals.

Microsoft backs Seattle-Vancouver high-speed rail study as Cascadia conference aims to deepen ties between regions

Credit: Geekwire, Nat Levy

Pacific Northwest business and political leaders on both sides of the Canadian border announced today a series of agreements to strengthen relationships between Seattle, Portland, Vancouver B.C. and the surrounding areas.

The new partnerships, made ahead of the second Cascadia Innovation Corridor conference in Seattle this week, focus on technology, economic development, education and transportation. Government officials, universities, companies and research institutions are participating in the effort, which is meant to bring together the regions that have a lot in common but are separated by an international border.

Here is a look at some of the new agreements announced ahead of the conference this week:

  • One of the most intriguing ideas that came out of last year’s conference was a vision to build high-speed trains that would travel between Seattle and Vancouver in less than an hour. That idea is still alive and well. Microsoft kicked in $50,000 to supplement the state of Washington’s $300,000 budget to study the plan.
  • The Global Innovation Exchange, a partnership between the University of Washington Tsinghua University in China, has added a third university to its program: University of British Columbia. The graduate technology school is housed in Bellevue, Wash. and will welcome its first class this fall. Microsoft chipped in $40 million for the school, which will be taught by teachers from UW, Tsinghua and now UBC. Students have the opportunity to spend time at each campus.
  • One of the most complicated parts of building a multi-national innovation partnership is financing. The Seattle-Vancouver Financial Innovation Network, with support from Microsoft and Madrona Venture Group, was formed to overcome those issues. The aim is to bring together investors, tech companies and regulators to establish an “international financial center” that makes it easier for investors on both sides of the border to pour money into tech companies.
  • Lake Washington Institute of Technology, British Columbia Institute of Technology and Oregon Institute of Technology will come together to build common curriculums and expand professional opportunities for students in the STEM fields throughout the corridor.
  • A new startup accelerator program covering Washington, Oregon and British Columbia will include business incubators, accelerators and universities initially with the possibility of adding venture capital firms and other innovation partners.

The inaugural Cascadia conference last year in Vancouver looked at how Seattle and Vancouver could work together to become an innovation hub through sessions on government leadership, education, transportation and investment. This year the scope is broader, including Oregon and representatives of other Northwest institutions. Microsoft has been a driving force in the cooperation between the regions, as well as the Cascadia conference, after opening a big development officein Vancouver last year.

https://www.geekwire.com/2017/microsoft-chips-50k-seattle-vancouver-high-speed-rail-study-cascadia-conference-aims-deepen-ties-regions/

Beaverton, Oregon incubator has far reach

Credit: Pamplin Media Group, Beaverton Valley Times, Mandy Feder-Sawyer

Interest about a Beaverton program was recently noted by a group from the Middle-East that would like to use the program as a model.

The Oregon Technology Business Center Virtual Incubation Program, supported by the city of Beaverton, welcomed a delegation from Saudi Arabia from Aug. 21 to 25. The delegation from the Islamic University in Madinah Saudi Arabia was at the Beaverton-based facility for business incubator training.

http://pamplinmedia.com/bvt/15-news/371372-254518-beaverton-incubator-has-far-reach

OSU Advantage Accelerator gears up for next cohort, welcomes five new advisory board members

Credit: OSU Advantage Accelerator

Contact: Karl Mundorff, Karl.Mundorff@oregonstate.edu

The Oregon State University Advantage Accelerator seeks creators of new business concepts to be part of their fall cohort in the Iterate program, where startup experts help budding entrepreneurs evaluate and refine their ideas.

The Iterate application period coincides with the Accelerator’s naming five new members to its strategic advisory board, including Maggie Finnerty, executive director of the Oregon Entrepreneurs Network, and former Oregon Republican Party chairman Allen Alley.

The one-month Iterate program kicks off Oct. 24.

“Being on the strategic advisory board is a great opportunity to work with the state’s leading research university and be part of the bridge to industry,” said Alley. “Oregon’s future depends on harnessing our world-class innovations and bringing them to global markets.”

In its four years of existence, the Accelerator has advised more than 70 program graduates who have generated more than $4.5 million in revenue and gained more than $2.3 million in equity investments, $10 million in grants, and $500,000 in loans or other financing.

Accelerator activities have created more than 50 full-time-equivalent jobs. The Accelerator has engaged with nearly 400 entrepreneurs and startups in the region and interacted with more than 4,500 students and 130 volunteers.

http://oregonstate.edu/ua/ncs/archives/2017/sep/business-incubator-gears-next-cohort-welcomes-five-new-advisory-board-members

Workshop: Pacific Northwest Startup Ecosystems

Pacific Northwest Startup Ecosystems

Learn about Pacific Northwest startup ecosystems – ecosystems we will cover include Eugene, Bend, Portland, Vancouver, Victoria and Anchorage. Topics include:

• Startup and technology initiatives as economic development strategies.

• Regional funding sources for startups raising capital.

• Ecosystem resources including co-working spaces, incubators/accelerators and startup conferences.

This workshop is designed for individuals that are interested in learning about Pacific Northwest startup ecosystems – including entrepreneurs, startup teams, consultants, business coaches, enterprise executives.

Workshop & Networking Objectives:

• Empower you with the tools and resources to expand your network into Pacific

Northwest startup ecosystems.

• Cover regional startup and technology initiatives as economic development strategies.

• Identify regional funding sources for startups raising capital.

• Identify Pacific Northwest ecosystem resources

*Food and drinks provided

Register: https://www.eventbrite.com/e/pacific-northwest-startup-ecosystems-tickets-36560144376

Why Vancouver Is Becoming North America’s Next Big Tech Scene

Credit: Fortune.com, Clay Dillow

Christy Clark was kind enough not to mention the U.S. or its new President by name—at least not at first. But with talk of “Muslim bans” and H-1B visa restrictions swirling, the British Columbia Premier’s message to companies both Canadian and American was unmistakable: If the U.S. won’t welcome the world’s brightest engineers and programmers, so much the better for Canada.

http://fortune.com/2017/07/25/immigration-canada-visa-vancouver/

Introducing the 2017 UW Jones + Foster Accelerator Cohort

Credit: UW, Charles Trillingham

The Buerk Center for Entrepreneurship accepted nine student-created teams into the 2017 cohort of the Jones + Foster Accelerator (J+FA). These new entrepreneurs will work under the mentorship of top Seattle entrepreneurs and investors for the next six months to become early-stage startups. Those who meet their milestones and complete the accelerator can earn up to $25,000 in follow-on funding. Most importantly, they will learn a framework for defining measurable goals, as well as the skills to navigate obstacles both seen and unforeseen along their entrepreneurial journey

Fifty-six companies have completed the Jones + Foster Accelerator program since its inception in 2010. Forty-one of those have been awarded seed funding through the Accelerator totaling $870,000. Thirty-six are still in business today—raising millions in fundingbecoming household namesbringing families together in Haitipurifying drinking water in Somaliland, and powering cell phones in Kenyan villages.

http://depts.washington.edu/foster/2017-jones-foster-accelerator