need

New connected technology (also referred to as Internet

of Things, or IoT) is the fastest projected growing
innovation product market.

goal
Oregon Smart Labs will catalyze a set of supporting
capabilities that will become the nucleus of a thriving
IoT ecosystem in Oregon.

approach

Oregon Smart Labs helps Oregon startups

bridge the multi-step gap between
engineering prototype and delivery to market
to create successful, growing innovative
businesses.

approach

40 startups
receive some
training /
mentorship

12 startups
receive funding
/ admission into
intensive
accelerator

6 month
mentoring /
skill building /
network
development

Demo Day /
graduation

Mentor
facilitated
linkage to VCs,
next-stage
accelerators, or
manufacturing.

structure
Nonprofit 501c3 public benefit corporation
Supported through funds by the State of OR,
Intel, corporate partners, and private
foundations

structure

Board of
Directors
(Governance,
Vision,
Strategy)

Staff
(implement,
evaluate)

Corporate
Partners
(In-kind,
financial, and
research
contributions)

Mentors
(expertise to
participating
companies)

funding sources

State of Oregon (first time funding in this cycle)

Corporate and Industry Partners: In-kind, financial,
and research contributions
Private Foundations

budget
OR State
Investment

Corporate
Investment

Foundation
Investment

TOTAL

Personnel

100,000

200,000

340,000

640,000

Contract services (includes

prototyping + tech services)

200,000

100,000

300,000

Supplies

48,000

25,000

73,000

Marketing + Communications

50,000

50,000

100,000

Program costs

25,000

25,000

200,000

1,200,000

Accelerator Participant Awards

1,200,000

Administration
TOTAL

1,500,000

25,400

3,200

8,600

648,400

418,200

2,566,600

impact + ROI for the state

Over the next 2 years

12 $70M 36 1M
new Oregonbased
businesses
(with at least 7
receiving second
round funding)

in new VC funding

$600K

New highlevel jobs

created

in

pre-production cost
savings for new Oregon
businesses

People
receiving
messages
showing
Oregon as a hub
of IoT
innovation