While other local investment incubators provide mentoring and other services to budding entrepreneurs, the Portland Seed Fund is the first in the state to do so using public as well as private money. The Portland Development Commission helped establish the Seed Fund with an initial $500,000 investment, along with $750,000 from the state-backed Oregon Growth Account and $250,000 from the City of Hillsboro. The idea is that handing taxpayer money to new companies will spur local job growth.
Have you started a company in Oregon? How did you get seed money when you were first starting out? What differences do you see between using public vs. private dollars to start a new venture?
- Angela Jackson: One of the managers of the Portland Seed Fund
- Amber Case: Co-founder and CEO of Geoloqi