(a) Promoting the commercialization of research from the private sector, universities and colleges, including investments in signature research centers where Oregon has a distinct or emerging advantage;
(b) Stimulating seed and start-up capital investment and entrepreneurial capacity that will promote economic growth in Oregon traded sector industries or Oregon growth businesses; and
(c) Developing the entrepreneurial and management capacity critical to the competitiveness of Oregon traded sector industries or Oregon growth businesses in rapidly growing global markets.
(2) The council, the Oregon Business Development Commission, the Higher Education Coordinating Commission and the office of the State Treasurer shall coordinate policies and programs related to the duties of the council.
(3) Based on the state plan developed under ORS 284.715, on grants, loans and equity investments made under ORS 284.742 and on other relevant data and information, and subject to the approval of the Oregon Business Development Department, the council may distribute moneys in the Oregon Innovation Fund by grant, loan or equity investment or pursuant to contracts with research institutions, the private sector and public entities.
(4) The council may assess and charge fees for making grants, loans or equity investments under ORS 284.742. [2005 c.748 §4; 2011 c.610 §3; 2015 c.196 §2; 2015 c.682 §8; 2015 c.767 §86; 2019 c.131 §3]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 284 - Organizations for Economic Development
Section 284.101 - Definitions for ORS 284.101 to 284.148.
Section 284.104 - Legislative findings.
Section 284.111 - Duties of commission; marketing plan; rules.
Section 284.122 - Authority of commission.
Section 284.126 - Budget; financial records and statements.
Section 284.131 - Commission account; disposition of moneys; exemption from expenditure limitations.
Section 284.138 - Matching grant program; purposes; amount.
Section 284.142 - Executive director.
Section 284.148 - Annual report to Legislative Fiscal Officer regarding transient lodging tax funds.
Section 284.300 - Definitions for ORS 284.300 to 284.375.
Section 284.315 - Film and Video Board; appointment; qualifications; term; meetings; compensation.
Section 284.345 - Duties of office.
Section 284.355 - Powers of office; fees.
Section 284.367 - Oregon Production Investment Fund; source of moneys in fund; uses of moneys.
Section 284.372 - Diversity, equity and inclusion policy.
Section 284.375 - Applicability of other laws.
Section 284.545 - Legislative findings.
Section 284.560 - Duties of team.
Section 284.585 - Assistance to local governments; site assessment methodology.
Section 284.590 - Legislative findings.
Section 284.592 - Definitions for ORS 284.590 to 284.597.
Section 284.594 - Pacific Northwest Manufacturing Partnership Advisory Committee; duties.
Section 284.701 - Definitions for ORS 284.701 to 284.749.
Section 284.706 - Oregon Innovation Council; members; powers and duties; compensation and expenses.
Section 284.711 - Duty to advise; distribution of moneys; fees.
Section 284.715 - State plan for innovation and economic competitiveness.
Section 284.720 - Oregon Innovation Fund.
Section 284.740 - Oregon Innovation Council signature research centers.
Section 284.745 - Definitions for ORS 284.745 to 284.749.
Section 284.747 - Oregon Innovation Bond Fund.
Section 284.748 - Oregon Innovation Debt Service Fund.
Section 284.749 - Oregon Innovation Bond Administration Fund.
Section 284.752 - Definitions for ORS 284.752 to 284.754.
Section 284.771 - Definitions.
Section 284.781 - Duties, functions and powers; rules.
Section 284.783 - Agreement with third-party administrator.
Section 284.786 - Identification of laws that place region’s development efforts at disadvantage.
Section 284.797 - Residency preference for civil service positions in region.
Section 284.801 - Eastern Oregon Border Economic Development Board Fund.
Section 284.881 - Definitions for ORS 284.881 to 284.890.