The 2016 Oregon Capital Scan Finds the Number of Start-Up Accelerators & Incubators Increasing in Oregon on Annual Basis
Report Provides Comprehensive Analysis of Funding Landscape in the State
Portland, Ore. — February 1, 2017 — Entrepreneurs and those who support them across Oregon have a newly updated resource to aid in their search for funding to best suit their company’s financing needs. The Oregon Capital Scan is a comprehensive analysis of the funding landscape in Oregon, designed to support entrepreneurship in the state. The report was compiled by John Hull, Assistant Dean for Portland Programs and Center Development at the University of Oregon’s Lundquist College of Business and is sponsored by Business Oregon, CTC|My CFO, the Portland Branch of the Federal Reserve Bank of San Francisco, The Ford Family Foundation, The Lemelson Foundation, Meyer Memorial Trust, Northwest Health Foundation, The Oregon Community Foundation (OCF), Oregon’s Small Business Development Network, and the Office of the State Treasurer.
In addition to information about funding sources ranging from Kickstarter campaigns to angel investors to traditional bank loans and more, the Oregon Capital Scan highlights the emerging roles that foundations are playing in economic development and the various state programs available to entrepreneurs. As opposed to viewing startup financing on a “just in time” basis, the Oregon Capital Scan provides entrepreneurs with the ability to strategically plan for funding throughout the various stages of their company’s lifecycle. This year’s report also finds that the number of accelerators and incubators serving Oregon entrepreneurs is increasing year by year. Since the 2014 Oregon Capital Scan, the number has grown from 38 to 70, and this growth represents a significant change in the landscape for early stage company formation and growth.
“The 2016 Oregon Capital Scan represents a collaborative effort by key partners in Oregon’s nonprofit, business and education sectors to help grow the state’s economy by fostering an environment where entrepreneurship can thrive,” said OCF President and CEO Max Williams.
“Oregon remains a place where a lack of knowledge about the capital ecosystem and capital accessibility still limits the rate of new company formation and growth. We’re hopeful the Scan helps reduce this barrier,” added John Hull.
The report will also serve policymakers, educators, and others supporting the state’s economic and entrepreneurial growth by enabling them to target areas in the funding landscape that need further development. An example of an area still in need of attention is the fact that general seed stage capital is less difficult to acquire than it was a few years ago, but companies that are experiencing rapid growth still struggle to attract mezzanine and later stage capital from Oregon-based investors. Regional imbalances across the state also remain.
This report updates and expands on an earlier Oregon Capital Scan report produced in 2014. Please click here to read the 2016 Oregon Capital Scan report in its entirety.