What is Oregons University Venture Development Fund?
In 2005 the Oregon State Legislature passed an innovative bill that provides an unprecedented tax incentive for donors who choose to support commercialization of promising university discoveries and campus-based entrepreneurial education by contributing to university venture development funds at the seven Oregon University System (OUS) campuses and Oregon Health and Science University (OHSU). This legislation, finalized in 2007 with passage of SB 582, ensures that new and nascent technologies emerging from university laboratories will have a better chance than ever to become commercially viable. The idea is simple: Support Oregon’s research, entrepreneurial education, and technology transfer initiatives, and provide opportunities for students to gain experience in applying research to commercial activities. The university venture development funds will help transform today’s research and development into tomorrow’s businesses.
