Full Council Meeting June 7, 2018 1 WELCOME & INTRODUCTIONS - - PowerPoint PPT Presentation

June 7, 2018

Full Council Meeting

1

WELCOME & INTRODUCTIONS

Minutes Approval

3

Need motion, discussion and vote on minutes from previous meeting and two recent conference calls.

AUDIT COMMITTEE REPORT

Audit Committee Report

• SRC quarterly reporting
• HIOPP performance measures (PMs) and targets review
• New member approval

5

Audit Committee Report

• First full quarter all SRCs reporting on all PMs for this

biennium.

• Almost all PMs are on track (or close) for all 3 SRCs.
• Working with Oregon BEST on two PMs that are behind

schedule to understand situation and how to address.

• Will be able to notice trends starting next meeting so will

bring any issues forward if we see any.

6

Audit Committee Report

• Reviewing PMs and targets for two HIOP implementation

projects funded in round one.

• UO mass timber acoustics testing lab
• OSU additive manufacturing/process intensification project
• Should review quarterly as with the SRCs once projects are

up and running (hopefully, later this month).

• Should do the same with any funded in round two

(proposals due in July).

7

Audit Committee Membership

• Proposed new member:
• Andrea Klaas, Executive Director, Port of the Dalles

Been with Port since 1999; active on a variety of committees; Forth (formerly Drive Oregon) board member

• Need a motion, discussion and vote

8

Oregon InC 17-19 Strategic Investment Areas

• Signature Research Centers ($7.5M):

Operating support focused on developing a pipeline of emerging new technology companies and supporting entrepreneurs

• High Impact Opportunities Projects ($4.7M):

Investments in distinct innovation or R&D projects to advance the growth of emerging industries

• Commercialization Fund ($5M):

Funding for early-stage companies emerging from science and research

• Small Business Innovation Research Support Program ($1M):

Grant assistance to support companies pursuing federal R&D grants and leverage federal research awards to help companies commercialize technology

9

HIOP UPDATE

HIOP Update

• First round: 3 awards for ~$1.85M / agreements in process
• Second round:
• RFP is on the street w/ at least $2.5M available
• 21 letters of intent submitted & reviewed
• 2nd set of “office hours” on June 12th & 14th
• Full proposals due by 5pm July 6th

11

COMMERCIALIZATION FUND

2019-21 OREGON InC BUDGET & TIMELINE

17-19 Oregon InC Budget Categories Amount Signature Research Centers $ 7.5M Commercialization Fund $ 5.0M High Impact Opportunity Projects $ 4.7M SBIR (Small Business Innovation Research) Support $ 1.0M Total Biennium Budget $ 18.2M

(Lottery Funds)

Oregon InC 17-19 Budget

14

Oregon InC 19-21 Budget

15

• Need motion, discussion, and vote on budget.
• Next Steps:
• OR InC budget will be included in agency’s budget for review and

approval at the Business Oregon Commission meeting on July 13.

• Agency budget submitted to the Governor’s Office in August.

COUNCIL MEMBERSHIP UPDATE

OREGON BEST STRATEGIC PLAN UPDATE

PUBLIC COMMENT

ADJOURN