Venture Development Fund

The University Venture Development Fund, ORS 351.697, provides PSU the opportunity to accept gifts from individuals and organizations, and the donors receive a State of Oregon tax credit.

PSU is currently accepting donations, and hopes to launch its first call for proposals to distribute the funds soon. PSU intends to distribute the funds through an Advisory Committee. The funds can be used in the following ways:

The Development Fund: This fund provides funding for technologies and research teams require small amounts of funding to develop a prototype, proof-of-concept or other "demonstration" of an innovative idea in order to spur on further development or interest in the technology. Through this program, PSU invests a limited amount of money in certain technologies, teams or projects to achieve specific development milestones.

The Promotion Fund: This fund provides faculty, staff and students, in research teams, the opportunity to travel to a company PSU believes is likely to enhance PSU's ability to enable its research to have an impact on the community, present a managed technology at a conference which PSU believes is likely to enable or implement further opportunities for successful transfer of the technology to users, or create an event on campus or technology which will create opportunities for interaction with new technology, and/or research teams and companies.

The Facilitator Fund: Many startups face the daunting task of finding funding. In some cases the pursuit of funding results in investor relationships which draw the company out of Oregon. This program would provide a mechanism to grow and retain PSU companies in Portland and Oregon by providing a basis on which additional capital can be leveraged.

Further details will be available once a call for proposals is announced. For further information, please contact Dana Bostrom.

To donate, see this site. http://www.pdx.edu/giving/venture_fund.html