Business Oregon and Elevate Capital's Commercialization Gap Fund 2: Doubling Down on Science, Deep Tech, and Innovation in Oregon
Summary
There are few sources of capital or "gap funding" in Oregon for entrepreneurs at the earliest stages of commercialization due in part to the long-term nature of return expectations. In response to this issue, Oregon InC created the Gap Fund to focus on filling the "valley of death" and support commercialization of disruptive science and research technologies. The Gap Fund also intends to recycle investment back to Oregon InC to support additional companies as an evergreen program. Elevate Capital will continue leveraging its experience as an industry leader investing in underserved founders, an especially important effort in the hard sciences. The additional capital provided by Business Oregon for Gap Fund 2 will significantly enhance our ability to make meaningful investments to support our next generation of founders.