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

On the Road

April 2015
Friday, March 27, 2015
BY LINDA BAKER

My daughter turned 18 last week, and for her birthday I got her a Car2Go membership. Not to label myself a disruptor, but it felt like a groundbreaking moment. The two of us, mother and child, were participating in a new teen rite of passage: Instead of handing over the car keys, I handed over a car-sharing card — with the caveat that she not use the gift as her own personal car service.


Read more...

Beam Me Up

April 2015
Thursday, March 19, 2015
BY DAN COOK | Photos by Jason E. Kaplan

An alliance of developers, academics and timber industry executives wants to position Oregon as a front runner in the glamorous new world of wooden skyscrapers.


Read more...

Meeting Facilities Perspective

March 2015
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR

A conversation with Donna Earley, director of sales and marketing for the Salem Convention Center.


Read more...

2015 100 Best companies announced

The Latest
Friday, February 27, 2015
IMG 0022cneditBY OB STAFF

The 100 Best list recognizes large, medium and small companies for excellence in work environment, management and communications, decision-making and trust, career development and learning, and benefits and compensation.


Read more...

100 Best: The Power of the Worker

March 2015
Wednesday, February 25, 2015
BY KIM MOORE | OB RESEARCH EDITOR
AND AMY MILSHTEIN | OB CONTRIBUTOR

Technology is empowering people like never before and transforming how employees interact in the workplace. How can companies attract and keep staff engaged in this rapidly changing world?


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...

VIDEO: The 2015 100 Best Companies to Work For in Oregon

The Latest
Friday, February 27, 2015

videothumbVIDEO: 2015 100 Best Companies to work for in Oregon


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