Institutional Investors add $70,000 to Willamette Angel Conference Launch Stage Investment
Eugene, Ore.--As part of their strategy to improve job opportunities and the economy in Oregon, The Oregon Community Foundation (OCF) and the Oregon Growth Board (OGB) recently announced their investments in the 2014 Willamette Angel Conference (WAC) LLC. The Oregon Community Foundation’s investment totals $20,000 and the Oregon Growth Board will add another $50,000, bringing the investment pool for the Launch Stage winner to $225,000 and still growing as investors continue to join.
The Willamette Angel Conference offers two tracks, one is the Launch Stage competition for startups that have gained early traction in their market and usually have revenue. The second is the Concept Stage competition for startups that have raised little to no funds and are too early for angel investment. In 2013, the Launch Stage winner received an investment in excess of $250,000. The Concept Stage, sponsored by Palo Software, designPort and Endeavor Law Group, awards an excess of $5,000 in cash and services.
“We are confident that this investment in the Willamette Angel Conference will spur job creation in
Oregon,” said Melissa Freeman, OCF’s Director of Strategic Projects. “The Oregon Community
Foundation is committed to investing in quality job creation through its support of entrepreneurial
development efforts across the state.” “For entrepreneurs, the WAC provides invaluable education, exposure and networking opportunities,”
according to Skip Rung, President of ONAMI and a WAC investor.
Now in its sixth year, the Willamette Angel Conference is the signature regional event for entrepreneurial activity in the Southern Willamette Valley. The annual event alternates between Eugene and Corvallis, attracting over 200 attendees, including angel investors, venture capitalists, entrepreneurs and local business and community leaders.
The 2014 Willamette Angel Conference (WAC) will be held on May 8th at the Ford Alumni Center in Eugene.
About the Willamette Angel Conference: Now in its sixth year, The Willamette Angel Conference is an investor conference, connecting early stage and seed businesses with angel and venture investors. Entrepreneurs and start-ups can submit a business plan for review and coaching, ultimately vying for an investment of up to $200,000. Learn more at www.willametteconference.com.
- About The Oregon Community Foundation: The mission of The Oregon Community Foundation is to improve life in Oregon and promote effective philanthropy. OCF works with individuals, families, businesses and organizations to create charitable funds to support community causes. Through these funds, OCF awarded nearly $70 million in grants and scholarships in 2013. OCF is a statewide organization with six regional offices. Learn more at www.oregoncf.org.
- About Oregon Growth Board: The fundamental goal of the Oregon Growth Board is to lift Oregon’s efforts and improve outcomes to attract and make available capital for business formation and growth. Learn more at www.oregon4biz.com/Contact-us/Oregon-Growth-Board/