Oregon companies attracted $106 million in venture capital during the first half of 2010, the most in four years.
The first half of 2010 brought $106 million in venture capital to Oregon, part of a nationwide trend.
Promising startups such as Portland’s Home Dialysis Plus have helped attract long-absent venture capital back to the state.
Unlike Oregon’s neighbors to the north and south, Washington and California, venture capital has never been a major contributor to the state’s economic growth. Oregon draws venture capital at roughly half the rate of the nation as a whole and has built few enduring, venture-backed companies.
But Portland has a culturally vibrant entrepreneurial community and beyond this year’s VC haul there other are signs of renewed activity within the startup sector.
Read more at OregonLive.com.
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