FOR IMMEDIATE RELEASE
May 17, 2018
Oregon State Spinouts ‘Clean Up’ at Willamette Angel Conference.
Two clean technology companies affiliated with Oregon State University were among the top finalists at the 2018 Willamette Angel Conference (WAC).
Both companies are graduates of the OSU Advantage Accelerator program. “It was great to see two of our graduates gain additional funding as they start to ramp,” said Karl Mundorff, Director of the Accelerator. The Accelerator assists local startup companies in all stages of their growth and supports the regional innovation and entrepreneurship ecosystem
Bend-based Onboard Dynamics received a $100,000 investment. The company offers a low-cost system for natural gas compression for commercial fleet operators.
Corvallis-based eChemion received a $75,000 investment. The company provides technology that dramatically enhances the lifespan of grid energy storage batteries.
Corvallis-based Wisedoc, also an Accelerator client company, won the Speed Pitch competition. Wisedoc received a $2,500 prize for winning the competition. The company is developing software to help researchers quickly and easily format journal articles for submission.
The 2018 Conference raised $495,000 from local angel investors and including Willamette Valley Capital Investors.
The WAC also utilizes student interns from Oregon State University to perform due diligence work. This year’s interns included five from OSU: Shanmukh Prasad Challa, Brianna Renee Falsetto, Scott Laughin, Chiara Marzi, and Brett Wilkerson.
“We are very proud to partner with the Willamette Angel Conference in providing our student interns a great experiential opportunity to develop their analytical skills and be a true member of the diligence teams,” said Mundorff.
OSU Advantage Accelerator Contacts:
Karl Mundorff, Director
Sanjai Tripathi, Commercialization Catalyst