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A 10-year springboard for startups
Author: Kathryn Kirkland
Posted: March 24, 2014

The PSU Business Accelerator celebrated its 10th anniversary in March. The Accelerator, the oldest program of its kind in Portland, provides promising science and technology startup companies affordable lab and office space, business guidance and access to PSU research faculty and students. 

The Accelerator is home to more than 30 startups, including spinouts from all major Oregon Universities. At its 10-year anniversary celebration, Accelerator Director Angela Jackson announced two new partnerships: RelianceCM, a contract manufacturing lab that is starting a new hardware cluster, and Blue Mountain Community College in Pendleton, which is developing a new program to work with start-ups interested in UAVs, or Unmanned Aerial Vehicles.

Since 2007, the first year such data was tracked, 124 companies at the Accelerator have generated $130 million in private capital, $65 million in revenue, and $18 million in grants. Sixty-three percent of Accelerator companies are still in business. The Accelerator is one of a growing number of entrepreneurship resources at PSU, which include the Center for Entrepreneurship, Launch in 9 sequence, student-run E-Club and programs such as Kickstart Weekend and Cleantech Challenge.

The PSU Business Accelerator is located at 2828 SE Corbett Ave.

Caption: DesignMedix, a company founded by chemistry professor David Peyton, resides in the PSU Business Accelerator. DesignMedix is looking at creating a re-engineered malaria drug and other compounds.