Home Back Issues December 2010 Capital flows into fresh ideas

Capital flows into fresh ideas

| Print |  Email
Articles - December 2010
Wednesday, November 17, 2010
1210_ATS19
Reenst Lesemann of Columbia Power Technologies (top left) and Dan Afrasiabi of CardPower (top right) pitch their business ideas at OEN's Venture Northwest event at the Governor Hotel. // Photos by Shaun Strickland
As bad as the job market has been for 2010, the capital-raising market has been surprisingly good, and this year’s finalists at Venture Northwest offered strong reasons as to why.

Among the companies vying for top honors in the annual event hosted by the Oregon Entrepreneurs Network were anti-malarial drug developer DesignMedix, wave energy specialist Columbia Energy Technologies and software developer GreenPrint, which has developed software to eliminate wasteful printing in the office.

Those finalists and the other businesses that made presentations all featured fresh ideas in growing markets ranging from e-commerce to DNA sequencers. Some are certain to join the growing list of Oregon companies that have scored venture funding, including Puppet Labs, Azuray Technology and G5 Search Marketing.

But the central theme from the gathering was that Oregon has a long way to go. Investments remain paltry compared to the money flowing into Seattle to the north and Silicon Valley to the south. Diane Fraiman of Voyager Capital ended the event with a call to action: “Do not settle for the status quo. We need to embrace innovation in new ways.”

What that might entail remains to be seen. State representatives Bruce Starr and Tobias Read hinted at growing momentum to lower Oregon’s capital gains tax burden. Newly elected state treasurer Ted Wheeler said he strongly supports using Oregon investment funds to support local businesses first. Portland mayor Sam Adams promised to build on the popularity of the city’s new seed fund for start-ups.

Oregon University System Chancellor George Pernsteiner acknowledged that there is room for improvement in the transfer of technology from universities to companies. “We’re slow and we know we’re slow,” he said. “That is a culture shift we will have to make.”

As a rather stinging reminder of how far Oregon has to go, Luis Mejia of Stanford University’s office of technology licensing pointed out that his program launched in 1970 and took 15 years to break even. But it eventually brought partnerships with Hewlett-Packard, Yahoo and Google.

BEN JACKLET
 

More Articles

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

Back to School

September 2014
Wednesday, August 27, 2014
BY LEE VAN DER VOO

By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


Read more...

Gender Code

September 2014
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD

Janice Levenhagen-Seeley reprograms tech.


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