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OTBC’s $100K Startup Challenge Assists Small Business Startups

Saturday, September 19, 2015

 

The Oregon Technology Business Center (OTBC) recently created the Beaverton $100K Startup Challenge, where sponsors not only contribute $20,000 to assist five startups with their businesses, but also provide the winners with a year of paid rent for office space. 

The startups will also receive special coaching and mentoring provided by OTBC, as well as HR and marketing assistance OTBC entrepreneur workshops. In addition to the startup grants, Frontier Communications will provide offices of the five chosen startups with 1 gigabit FIOS service.  

Frontier Communications as well as the city of Portland and Westside Startup Fund, LLC, are among the corporate sponsors part of the $100K startup challenge. 

Applications for startups interested in becoming part of the challenge are due Wednesday, Sept. 30. Application criteria for startup companies include a 2 to 5 member team that is self-funded as well as grant-funded. Semifinalists will be chose by Oct. 15 and the selected winners will be announced by Nov. 15. '

OTBC is a non-profit tech startup incubator founded 10 years ago with a mission to provide coaching, networking, and entrepreneurship programs that help new startups succeed. OTBC is rated the highest in Oregon for mentoring. 

 

Related Slideshow: Oregon Business Rankings in US

See how Oregon stacked up against the other states in the U.S.

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ThumbTack

Oregon gets a C+ for small business friendliness from Thumbtack, in conjunction with the Kauffman Foundation.

According to the ranking:

Overall friendliness C+

Ease of starting a business B
Ease of hiring D+
Regulations D
Health & safety D
Employment, labor & hiring D
Tax code D+
Licensing C-
Environmental D
Zoning D+
Training & networking programs B+

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CEO Magazine

CEO magazine was not kind to Oregon.

The state ranked in the bottom ten states at #42.

Oregon get lumped by CEO's as being California like - too much regulation.

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Forbes

The 2015 rankings puts Oregon in the top 20. Oregon ranks #18 in the United States. 

NY ranks one spot ahead at #17 and Florida ranks after Oregon.

#1 in the United States: Utah

#50 in the United States: Mississippi

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WalletHub

Oregon has been ranked as the 2nd most eco-friendly state in the country, according to a recent study by WalletHub

Oregon ranks eighth in environmental quality and first in Eco-Friendly Behaviors landing them in second overall. 

Oregon is behind Vermont and ahead of New York and Minnesota who land in the third and fourth spots respectively. 

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The Economist

Small Business Friendliness Grade: C+

The Economist grades states on an A+ to F grading scale for its small business climate. Oregon is one of 4 states that earned a "C+"

Overbearing bureaucracy and excessive licensing is stifling small business in America. 

Read More About The Economist Grade Here

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CNBC

#22 CNBC

CNBC ranks each state in cost of doing business, economy, technology and innovation.

Read More About CNBC Ranking Here

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Wallet Hub

#28 Wallet Hub

Wallet Hub ranks each state in ROI rank, state tax rank, and overall government services.

Read More About Wallet Hub Ranking Here

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#38 Kauffman Foundation

Kauffman Foundation ranks each state in entrepreneurship.

Entrepreneurial activity generally is highest in Western and Southern states and lowest in Midwestern and Northeastern states.

Read More About Kauffman Ranking Here

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Forbes

#19 Forbes in 2014

Forbes ranks each state in business costs, economic climate, and growth prospects.

Read More About Forbes Rankings Here

 
 

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