Thursday, September 23, 2010, 1:45pm PDT | Modified: September 23, 2010, 2:10 PM
Oregon BEST, ONAMI and OTRADI to share $1M
by Christina Williams
Sustainable Business Oregon
Oregon nabbed one of six winning slots and $1 million in a new federal government competition to identify the nation's best ideas for technology commercialization and entrepreneurship.
U.S. Commerce Secretary Gary Locke announced the award winners in a speech Thursday.
The cash award from the i6 Challenge Program will be shared by Oregon's three signature research centers:
• Oregon Nanoscience & Microtechnologies Institute, or ONAMI, established in 2004.
• The Oregon Built Environment & Sustainable Technologies Center, or Oregon BEST, established in 2007.
• The Oregon Translational Research & Drug Development Institute, or OTRADI, established in 2007.
The grant will be used to develop new educational and commercialization programs and support existing ones at each of the centers. Oregon BEST, for example, will use the new funds to launch an "Entrepreneurship-in-Residence" program and expand its Commercialization Grant Program.
Additional funding could potentially follow when the National Institutes of Health and the National Science Foundation award a total of up to $6 million in supplemental funding.
The signature research centers are overseen by the Oregon Innovation Council, which was created in 2005 to pair university research with entrepreneurial talent for economic development purposes.
"All three signature research centers created by the state offer Oregon businesses and researchers a unique suite of tools, and it's wonderful to collectively receive national recognition for our innovative programs and approach to job creation," said David Kenney, president and executive director of Oregon BEST, in a press release.
OTRADI will use some of the funding to develop the Oregon Bioscience Accelerator & Entrepreneur Center, an independent, venture-backed bioscience incubator focused on biomedical commercialization, including financing and managing earliest stage startup companies.
christinawiliams@bizjournals.com
Tags: Federal funding, Green building, University research
Companies: National Science Foundation, Oregon Innovation Council
People: Gary Locke, David Kenney
9/24/2010
Oregon BEST, ONAMI and OTRADI to share $1M - Sustainable Business Oregon
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