Home Archives September 2007 Lawmakers pony up for the Oregon Innovation Plan

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

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

Downtime

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Bob Dethlefs, CEO of Evanta, balances work and play.


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

The clean fuels opportunity

News
Monday, November 10, 2014
111014-dirtyfuel-thumbBY KIM MOORE | OB RESEARCH EDITOR

A market for low-carbon transportation fuels has a chance to flourish in Oregon if regulators adopt the second phase of the state’s Clean Fuels Program.


Read more...

Healthcare Perspective

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

A conversation with Majd El-Azma, president and CEO of LifeWise Health Plan of Oregon, followed by the Healthcare Powerlist.


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