Commercialization Gap Fund

About this funding opportunity

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Search this siteSubmitclose Commercialization Gap Fund (CGF)

Page Navigation Commercialization Gap Fund (CGF)

The Commercialization Gap Fund (CGF) supports science and research-based innovations in Oregon by bridging early-stage capital gaps, leading to private capital investments. The Fund targets companies in the advanced manufacturing, active lifestyle, bioscience, medical devices, and natural resource industries.

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Contact

Jordana Barclay Innovation Strategist 971-718-7459

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The Commercialization Gap Fund supports companies as they further develop their product to be ready to go to market, providing investment for the “commercialization gap” between initial startup and when private investment is available. Business Oregon intends the investments to unlock additional private seed investors for the company.

To be considered for a CGF investment, a company must meet the following baseline eligibility criteria: Be an Oregon-based startup; Be in an Oregon InC target sector, which currently include: digital health, bioscience, clean tech, advanced materials, active lifestyle, advanced manufacturing, and natural resources. Be in early stage prior to commercialization, less than 5 years old and have less than $1M in total net revenue.

Meeting these criteria does not guarantee investment. The fund manager has full discretion to determine whether a company is a good fit for investment, even if it meets the initial eligibility requirements.

Portland Seed Fund (PSF) has been selected by Business Oregon as the current Fund Manager for the Commercialization Gap Fund III, also known as the Intrepid Oregon Fund. PSF is currently deploying the funds in early-stage innovations across Oregon and makes all investment determinations. For more information on the Gap Fund portfolios, please see below. Commercialization Gap Fund II Portfolio, Managed by Elevate Capital Birch Biosciences BuildingLens Canopii Emano Metrics INSTINCT Keliomics Myohealth Technologies Phosio Corporation Photon Marine Ren Energy THAENA Toast Wear Tonsil Tech Trace Biosciences Vivifi Medical Commercialization Gap Fund I Portfolio, Managed by Elevate Capital Biomotum is developing a soft-robotic exoskeleton to help kids with Cerebral Palsy and others with impaired mobility learn to walk. CytoImage provides single cell multiplexed functional imaging to improve precision medicine. LeapFrog created a sustainable and scalable residential grey water recycling system. Promedix is helping doctors and nurses identify and diagnose sepsis quickly to prevent critical injury. Rewire Neuro uses machine learning to automate scientific image analysis, helping researchers publish data more quickly and efficiently. Veana Therapeutics developed and is testing an oral cancer treatment with very few side effects. VitalFlo Health provides patients and doctors with real-time respiratory monitoring to improve overall lung health. HOLO Footwear is an authentic, stylish, sustainable brand that sells shoes made from 100% recycled material at an accessible price. LifeAir is developing a disposable airway ventilator for use in hospitals to…

Topic areas: Advanced Manufacturing and Industry, Information and Communication Technologies (ICT), Energy and Environment, General and Cross-cutting R&D.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Commercialization Gap Fund is administered by Business Oregon (Oregon Business Development Department) (Business Oregon), listed via Business Oregon (Oregon Business Development Department).