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

Buy the book

News
Tuesday, March 25, 2014
2 03.25.14 thumb bookshopBY VIVIAN MCINERNY | OB BLOGGER

Oregon is home not only to many fine writers but also several accomplished small publishers.


Read more...

Leader's bookshelf

Contributed Blogs
Friday, March 14, 2014
02.06.14 BooksBY TOM COX | OB BLOGGER

Five books that will make you a better leader.


Read more...

Powerlist: Meeting perspectives

March 2014
Tuesday, February 25, 2014

BY BRANDON SAWYER

A conversation about the event-planning industry with sales directors from McMenamins and the Portland Art Museum. 


Read more...

What I'm reading: Brad Smith & Travis Boersma

March 2014
Tuesday, February 25, 2014

Brad Smith, founder of Hot Pepper Studios, and Travis Boersma, president of Dutch Bros. Coffee, share their recent reads.


Read more...

Rapid ascent

March 2014
Tuesday, February 25, 2014
IMG 4255-2BY AMY MILSHTEIN

Kelly Dachtler, president of The Clymb, redefines outdoor retail.


Read more...

From the Editor: The human factor

March 2014
Tuesday, February 25, 2014

In this issue, we celebrate our 21st annual 100 Best Companies to Work For in Oregon project.


Read more...

The 2014 List: The Top 33 Small Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


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