Oregon BEST Companies Win State Funding
April 17, 2015
Three of five startups are "Oregon BEST Companies"
PORTLAND, Ore. – Three of the five startups awarded a total of $300,000 from the state of Oregon are Oregon BEST Companies developing clean technologies to improve renewable energy storage, reduce fertilizer use in agricultural (pictured, right), and transform forest biomass into a replacement for coal.
The state program is designed to support companies that have already won federal research funding through the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) program, which is designed to encourage small companies and universities to pursue risky but rewarding research that helps bring new ideas to market.
"We've been supporting these companies with coaching and mentoring, connections to strategic partners and customers, and access to investment capital, so it's great to see this additional investment, which will increase the probability of economic success," said David Kenney, Executive Director and President of Oregon BEST.
The three Oregon BEST Companies are:
- Energy Storage Systems, Portland-based developer of a nontoxic battery system that uses earth-abundant iron for renewable energy storage ($75,000)
- SupraSensor Technologies, (team pictured above) a University of Oregon spinout in Eugene that has developed a wireless sensor that detects nitrate levels in soils to help farmers reduce fertilizer waste ($61,875)
- HM3 Energy, Gresham-based developer of a process that converts forest waste and woody biomass into solid biofuel briquettes (pictured) that can be used in biomass boilers or as a substitute for coal ($40,171)
Several other Oregon BEST-supported companies, including Corvallis-based microbial fuel cell developer Waste2Watergy and Beaverton wind energy startup eWind Solutions, have recently been awarded federal SBIR/STTR funding, with help from Oregon BEST's STTR/SBIR Support Center.
Oregon BEST offers a wide range of support for cleantech startups in Oregon, and currently has more than 30 start-up companies listed as Oregon BEST Companies that are receiving help moving their technologies toward the marketplace.
About Oregon BEST http://oregonbest.org
Oregon BEST is the nexus for clean technology innovation, building capability, convening collaborations, and accelerating solutions to environmental challenges that deliver prosperity in all corners of Oregon. Oregon BEST brings together Oregon’s significant R&D strengths in clean technology to support the commercialization of new products and services. Since establishment in 2007, Oregon BEST’s 250-plus Member Faculty have generated more than $134 million in research revenue from federal, industry and foundation sources to Oregon. At its four partner universities (Oregon Institute of Technology, Oregon State University, Portland State University, and University of Oregon), Oregon BEST has established a network of nine Oregon BEST Labs, which are shared-user research facilities. Oregon BEST Early-Stage Investments are competitively awarded to collaborations between entrepreneurs and Oregon BEST Member Faculty at partner universities.