Jobs and Revenue for Oregon through Cleantech Innovation

Oregon BEST funds and supports cleantech startups and university technology development. We measure the impact of our programs according to the following metrics: jobs created and revenue and follow-on funding earned by the companies we invest in, the grant funding earned by Oregon BEST from sources outside of the state, and support leveraged from partner organizations to benefit our portfolio of companies.

Oregon BEST also works to help Oregon maintain a competitive cleantech advantage by developing capacity and collaborations, and aligning the state’s strengths with external funding, market momentum, and industry priorities.

Learn more about our successes here:  Success Stories

Our Early-Stage Investments Program is Creating a Strong Portfolio of Cleantech Companies

Early-stage investments support technologies developed by small businesses and universities to bring cleantech innovations closer to market. Oregon BEST has deployed more than $6 million to help 45+ Oregon startups, which have leveraged more than $60 million in follow-on investments.

$6 million in early-stage investments has led to $60 million in follow-on investments.

"Oregon BEST's ongoing support has been instrumental in helping Indow  grow from a startup of three people in 2010 to an Oregon manufacturing company with 30 employees and more than 100 distributors in 37 states, three Canadian provinces, and the Bahamas. The early investment that Oregon BEST made in Indow continues to pay dividends to our company." 

— Sam Pardue, CEO of Indow

Our Success is Generating National Support

  • Awarded a grant from the Small Business Administration for five years running to provide assistance to startup companies in Oregon seeking research and development funding from the SBIR/STTR grant programs. 
  • Awarded the i6 Challenge grant from the US Economic Development Administration (EDA) along with our partners at CleanTech Alliance to expand our joint Cascadia CleanTech Accelerator program's curriculum and provide proof-of-concept project grants.
  • Selected by Wells Fargo to be a channel partner for their Innovation Incubator (In2) program, and awarded a $40,000 grant to foster Oregon's statewide innovation ecosystem through the StartSpace program.
  • Invited to participate in the incubatenergy network, a national network of cleantech incubators and accelerators convened through the support of a grant from the U.S. Department of Energy to improve effectiveness through interstate collaboration such as the sharing of best practices.
  • Collaborated with the Portland Development Commission to secure and award $280,000 to cleantech startups as part of the Portland area's $2 million Jobs & Innovation Accelerator Challenge from the U.S. Economic Development Administration.
  • Awarded the highly competitive, inaugural i6 Challenge grant from the US Economic Development Administration (EDA) with OTRADI & ONAMI.
  • Received funding from the Bonneville Power Administration for more than $900,000 to offer the NW Energy Experience Prize over five years, encouraging promising students to explore technology innovation opportunities resulting from the utility industry's greatest challenges.