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|Written by Linda Baker|
|Wednesday, January 23, 2013|
BY LINDA BAKER | OREGON BUSINESS EDITOR
New business accelerators sprout, underscoring their importance to the entrepreneurial ecosystem while raising questions about incubator success rates.
Oregon may be a startup state, a region that is churning out entrepreneurs at a lightning pace. But increasingly, it’s also becoming the accelerator state. Over the past few years, almost a dozen business incubators have launched, including The Portland Seed Fund, Portland Incubator Experiment, TiE Westside Incubator, Portland State University Business Incubator, Founder's Pad, and the Sustainable Valley Technology Group.
As of this spring, add the following four to that list:
The corporate accelerator: Starting in March, Nike will host its first Nike+ Accelerator program, which will host 10 companies for a three-month immersive, mentor-driven startup accelerator. The Nike+ Accelerator will accept applications from companies aiming to use Nike+ technology to create products and services across a broad range of activity and health goals including training, coaching, gaming, data visualization and quantified self.
The university accelerator: Oregon State University recently launched a Venture Accelerator with $380,000 from the OSU College of Business, Office for Commercialization and Corporate Development, and the University Venture Development Fund. It’s designed to identify innovation or research findings that might form the basis for profitable companies, and streamline their development with the legal, marketing, financial and mentoring needs that turn good ideas into real-world businesses.
The signature research accelerator: This spring, the Oregon Translational Research and Development Institute (OTRADI) plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the South Waterfront district. The OTRADI Bioscience Incubator (OBI) will house up to six companies.
The farm accelerator: As the Oregonian reported yesterday, the pending Headwaters Farm incubator is designed to help aspiring small farmers gain skills and experience. It is owned by the East Multnomah Soil and Water Conservation District, which last May paid $1.5 million for 61 acres of the Schaeffer Nursery to turn it into a farm incubator.
In just a few short years, accelerators have become a inextricable part of the entrepreneurial landscape. But if they are an important part of the mix, their growing numbers also raise questions about overkill. There are now so many business accelerators in Oregon that accelerators themselves might be considered startups. And startups, as we all know, can fail. Already, at least two Oregon incubators have changed business models in the past year.
The proliferating number of incubators also suggests they are becoming either an adjunct or substitute for college or graduate school programs, with accelerators churning out startups much as universities churn out new graduates. Since a successful incubator should be rated according to the success of participating companies, I queried a few managers about the impact of their organizations. I will post responses as they come in.
Portland Incubator Experiment general manager Rick Turoczy provided the following estimates:
* More than 40 startups have come through PIE
Incubator efficacy is an especially timely issue in light of a recent study showing that venture capital investment in Oregon plunged nearly 50 percent last year to $124 million. Today, more people are going to college and fewer are landing well-paying jobs after graduation. Today, more aspiring business owners are eager to jump on the incubator bandwagon. Whether they will actually create jobs or land capital post incubator experience is the question.
Updated: FoundersPad program manager Molly Mount reports that two sessions of founders have gone through the 12-week accelerator program since the company was conceived late 2011, generating 25.5 new jobs and raising $620,000 to launch eleven new businesses.
Monday, July 13, 2015
BY JACOB PALMER
Holding a Power Lunch at Veritable Quandary in downtown Portland.
Friday, July 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Tuesday, July 28, 2015
BY JASON NORRIS
Uncertainty in Greece and China, along with potential interest rate hikes mean investors are looking at the market and nervously questioning where they should be invested.
Wednesday, August 19, 2015
BY LINDA BAKER
In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction.
Wednesday, July 15, 2015
Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.
Monday, July 13, 2015
BY SAM BLACKMAN
Storyteller-in-chief with the CEO and co-founder of Elemental Technologies.
Tuesday, July 14, 2015
The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.
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Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.