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Oregon built environment & sustainable technologies center, inc.

Location

Portland, OR

Project Name

Cascadia CleanTech Acceleration and Proof of Concept Development Project

Program

i6

Award Amount

Federal Share

Non-Federal Share

$499,972.00

$499,972.00

Oregon BEST will replicate its already successful model for proof of concept projects in Washington and increase the chance of successful proof of concept projects through expanded accelerator curriculum and preparing companies for a greater chance of follow-on seed investment. Bringing a cleantech innovation to market faces significant barriers, not limited to the fact that these are highly regulated industries and have risk-averse customers. Oregon BEST’s project will alleviate these issues by giving technology innovators the resources and training necessary to successfully complete a proof of concept project that prepares them for investment and market adoption. Based on Oregon BEST’s successful track record, this expansion program is expected to have similar impactful results. Five-years post grant, Oregon BEST anticipates 40 technologies licensed, and $25 million in follow on investments.

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