Creating and running their own business is the dream of many people. At OSU, our students are doing just that.
A recent article in USA Today shows the shift of younger Americans away from a corporate existence to one of personal creativity and risk. This motivation isn’t new and neither is it a new characteristic of our students. Bernie Newcombe, co-founder of E-Trade, and the folks behind MyStrands are examples of how OSU historically has been a breeding ground for entrepreneurs.
Keith Frost, a consummate griller, was
frustrated with run-of-the-mill barbeque sauces â€” mere â€œspiced-up versions of ketchup,â€? he complained. So began his
quest for the quintessential sauce.The backyard hobby soon became an obsession. Using fresh Oregon produce â€” sweet onions from Hermiston, garlic from Klamath Falls, plums from the Willamette Valley â€” the Rogue Valley native was soon serving up platters of ribs glazed with his Sweet Honey & Garlic Sauce, salmon marinated in Plum-Ginger Teriyaki Sauce and T-bones garnished with Not-So-Hot Garlic Pepper Sauce. Once he enrolled in OSUâ€™s Austin Entrepreneurship
Program, Frost gained the business skills to parlay his culinary discoveries into a start-up. The Southern Oregon Sauce & Spice Co. got a big boost when it won seed funds from the Portland OSU Business Roundtable in 2005.â€œ â€œWeâ€™re in seven stores, our Web traffic is off the charts, and weâ€™re gaining traction. Now weâ€™re looking for an angel investor to help us grow through this next phase.â€? His goal? To sell 10,000 bottles of sauce in the year 2010.
-From the OSU President’s Report