Sponsored by Oregon Business

Lawmakers pony up for the Oregon Innovation Plan

| Print |  Email
Saturday, September 01, 2007

STATEWIDE David Chen likes to say that the Oregon Innovation Council he chairs is like the Marine Corps — or was it the Army Rangers? At any rate, Chen says, “We didn’t leave anybody behind. We agreed to bring the whole package home.” What he’s referring to is the inititatives that make up the Oregon Innovation Plan, a package of bills prioritized by the council and signed by Gov. Ted Kulongoski in late July. The plan was only slightly scaled back from its original version, despite all the usual wrangling in Salem. And now? It’s all about implementation. The 17-member council (plus five ex-officio members and 19 technical advisers) has assigned follow-up duty to its members in an effort to gather the economic-impact figures lawmakers will require if they’re expected to be this generous in the future. Chen, who went part-time at OVP Venture Partners earlier this year and is raising his own sustainability-focused investment fund, will stay on as chair during this accountability phase.

The 2007 Innovation Plan bills signed by the governor included:

HB5508

Appropriated 2007-09 funding for the following:
Oregon Nanoscience and Microtechnologies Institute (ONAMI) $9 million
New Bio-Economy and Sustainable Technologies (BEST) Center $2.5 million
Wave energy emerging industry initiative $4.2 million
Food processing and seafood initiative $3.432 million
Manufacturing competitiveness initiative $2.872 million

HB5035

Appropriated $5.25 million in 2007-09 funds for a drug development research center, the Oregon Translational Research and Drug Development Institute, or OTRADI

SB579

Gave the Oregon Growth Account and the Oregon State Treasurer’s office the authority to invest in funds that can in turn make investments in startup companies.

SB582

Fixed problems with the University Venture Fund legislation, which encourages the commercialization of university research, that was passed in 2005.

SOURCE: Oregon Innovation Council
 

More Articles

All Rise

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Don’t just sit there. For a healthy workplace, move up and down — and all around.


Read more...

Opening soon: 3 of the coolest new breweries in Oregon

The Latest
Thursday, March 19, 2015
brewthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

There are 278 companies licensed to operate as brewery, according to the Oregon Liquor Control Commission. Here are three new beer-making hubs slated to open soon.


Read more...

Power Players

April 2015
Friday, March 27, 2015
BY ROBERT MULLIN

A new energy-sharing agreement sparks concerns about independence and collaboration in the region's utility industry.


Read more...

Much ado about data-driven organizations, for good reason

Contributed Blogs
Monday, April 13, 2015
bigdatathumbBY GRANT KIRBY | OP-ED CONTRIBUTOR

The mega-shift from technology-driven to data-driven organizations raises questions about Oregon’s workforce preparedness.


Read more...

ZoomCare rolls out new on-demand health clinics

News
Monday, March 02, 2015
zoomcarethumbBY KIM MOORE |  OB RESEARCH EDITOR

Portland-based healthcare provider ZoomCare said it plans to “remake American healthcare” by expanding its on-demand urgent care model to emergency, surgery, dental and primary care, among others.


Read more...

Footloose

April 2015
Friday, March 27, 2015
BY LINDA BAKER

Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.


Read more...

Umbrella Revolution

March 2015
Monday, February 23, 2015

Yeah, we know: Oregonians are way too cool for umbrellas. But today’s stylish, high-tech models will soften the resistance of the most rain hardened.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS