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The Oregon Innovation Council (Oregon InC) is taking a new approach to support the growth of emerging, potentially high-value industry sectors. Rather than funding organizations to help grow sectors, Oregon InC intends to fund discrete projects–called high impact opportunity projects (HIOPs)–that will remove barriers to growth, increase capacity or accomplish other things to help an industry sector grow. To accomplish this, the Oregon Business Development Department (Business Oregon) is issuing a Request for Proposal (RFP) for HIOPs. Oregon InC has identified three industry sectors as priorities:
The theme identified as horizontally crossing all of these industries is high tech, which includes smart technology, clean technology, and data/software/analytics. Projects are highly encouraged from these sectors although it is not required that projects fit into these sectors.
HIOP Grants Oregon InC allocated approximately $4 million for HIOP grants, to be disbursed through Business Oregon. Projects are anticipated to last from 6 to 18 months. All projects are expected to support the growth of an industry, not an individual business. Proposals that demonstrate benefits for just a single business will not be considered. Project funds are flexible in how they can be used to best support a particular sector’s needs to support its growth. Thus, there is no exact list of examples of eligible uses of the funds, but possible things projects would fund include, but are not limited to:
Funding is offered for two types of projects:
Implementation Projects–These are projects that are ready to be implemented. Some level of design and scoping has already occurred, and the need for the project can be clearly demonstrated. Measurable benefits to an industry sector from the project can be demonstrated. It is anticipated that these projects will have budgets of between $500,000 and $1,000,000 and be longer in duration although not longer than 18 months.
All projects must have as a key and clear objective: 1) connections to and involvement of Oregon’s colleges and/or universities, or 2) a transfer of technology to the private sector, or 3) the commercialization of research and development. Examples of ways colleges or universities could be involved in a project are utilizing their equipment, faculty, students, funding, and/or technology. An organization may submit more than one proposal in response to this RFP whether under one or both of the eligible types of projects. It is highly unlikely, however, that an organization will receive more than one grant award.
How to Apply Submission Requirements In order to allow sufficient evaluation of a grant application, the following documents are required to be submitted:
Submission Deadline and Process Completed applications must be received by Business Oregon by 5pm on Tuesday, December 12, 2017.
Signed proposals along with the required attachments may be submitted to Business Oregon either by:
standard mail: Mark Brady, Innovation Strategist Business Oregon 121 S.W. Salmon Street, Suite 205 Portland, Oregon 97204