Full Council Meeting June 7, 2018 1
WELCOME & INTRODUCTIONS
Minutes Approval Need motion, discussion and vote on minutes from previous meeting and two recent conference calls. 3
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 • 2 nd set of “office hours” on June 12 th & 14 th • Full proposals due by 5pm July 6 th 11
COMMERCIALIZATION FUND
2019-21 OREGON InC BUDGET & TIMELINE
Oregon InC 17-19 Budget 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 $ 18.2M Total Biennium Budget (Lottery Funds) 14
Oregon InC 19-21 Budget • 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. 15
COUNCIL MEMBERSHIP UPDATE
OREGON BEST STRATEGIC PLAN UPDATE
PUBLIC COMMENT
ADJOURN
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