CORVALLIS, Ore. – Karl Mundorff, an entrepreneur and business development expert, has been named senior program manager for the Oregon State University Advantage Accelerator/RAIN Corvallis, an initiative focused on high-growth, innovative companies in the South Willamette Valley and greater OSU community.
“The accelerator is key to creating an innovation culture at Oregon State and creating impact in the local economy and beyond,” said Mitzi Montoya, dean of the College of Business. “The college’s and university’s investment in creating this culture, and in assuring a pipeline for start-ups is an important part of the pipeline we have for student and faculty to contribute to the entrepreneurship community.”
Mundorff most recently was the director of research programs for Oregon BEST, a state signature research center focused on developing the Cleantech economy, in which he worked with university and national laboratory technologies. He helped secure an Investing in Manufacturing Communities Partnership designation from the Economic Development Administration, which created an opportunity for the Pacific Northwest Manufacturing Partnership to compete for more than $1billion in new federal agency grant opportunities.
Mundorff was also president and chief executive officer of BioReaction Industries, an air pollution control technology firm, and has created and taught master’s level courses in business model generation and commercialization at Portland State University and Concordia University. He is a graduate of the OSU College of Business and holds an MBA degree from Concordia University.
The OSU Advantage Accelerator/RAIN Corvallis, recently designated an I-Corp site, is an integral component of the Oregon Regional Accelerator and Innovation Network, or Oregon RAIN, which is a collaboration of OSU, the University of Oregon, local governments, communities and economic development agencies.
Since its launch more than two years ago, the OSU Advantage Accelerator/RAIN Corvallis has admitted 30 business startups into the program. The companies that graduated from the program have generated over $6.6 million in revenue and grants and the creation of more than 40 jobs.