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One of Oregon State University’s (OSU) Strategic Plan Initiatives is to further collaborative ventures that advance OSU’s research and discoveries. Being a research-intensive university, OSU plays a critical role in partnering with industry, for the end benefit of economic development to the State of Oregon. As an engine of the emerging knowledge-based economy, OSU is the home of researchers and students who are at the forefront of developing new technologies that have the potential to enhance Oregon's current economic base. In order to benefit the public, technological advances must make the transfer from university research and development to successful commercialization in the marketplace. A key element in this transfer is the establishment of a fund that can help finance the bridge between discovery and commercialization.
For these reasons, OSU has developed the OSU Venture Development Fund (Fund) and the OSU Venture Grant Program (Program), as authorized by Oregon Laws 2005, Chapter 592 and Oregon Laws 2007, Chapter 586 (the Act), and Oregon Administrative Rules 580-043-0060 through 580-043-0100. The Fund supports faculty and student projects at the critical, early stages of turning research into a viable business proposition by providing funds for activities that are not normally funded by research grants, but are required before seed funding can be obtained.
The State Board of Higher Education (Board) has authorized OSU to raise $5.35 million for the Fund. These guidelines cover the solicitation of donations to the fund; the issuance of tax credits to donors; eligibility for grants under the Program; the application and award processes for Program grants, and the monitoring and reporting responsibilities associated with the Program.
Request for Proposal Information
The OSU Foundation is currently raising additional dollars for the OSUVF. We anticipate announcing another RFP in late November or early December 2008.
The announcement will be included on this web page and in OSU Today. If you’d like to be directly notified when the next RFP is announced, please send an email request to Brian Wall at brian.wall@oregonstate.edu
Guidelines
The OSUVF Guidelines were developed to provide additional details on the creation, purpose, eligibility, process, and reporting of the OSUVF. The Guidelines became official on October 15, 2007, when they were executed by President Ray, Provost Randhawa, and VP Cassady.
Investing in research at OSU through the Venture Development Fund enables private donors to stretch their charitable gifts through an Oregon income tax credit. Unlike a tax deduction, a credit reduces the amount of tax you owe. That's in addition to federal tax deductions for which donors may be eligible.To learn more about donating to the fund, please visit the Oregon State University Foundation Venture Fund web page.
Tax Incentive Program Funds Six Oregon State Research Projects
“New University Development Fund Offers Major Tax Credit”
Oregon State University
Office of Technology Transfer
308 Kerr Administration Building, Corvallis, OR 97331
Phone 541-737-0674 Fax 541-737-3093
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