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Business Oregon : Welcome Page : Venture Fund Program : State of Oregon Translate this site into other Languages tag, as divs are not allowed in 's --> The Business Oregon Venture (BOV) Fund Program, under the State Small Business Credit Initiative (SSBCI) program, is designed to invest in SEC-accredited venture capital funds in need of capital to become operational or scale up significantly.
Business Oregon believes venture capital fund managers can play an important role in Oregon’s entrepreneurial ecosystem and that Oregonians can leverage fund managers’ expertise, networks, and private capital to develop and maintain a strong pipeline of high-growth opportunities. We are not currently reviewing applications for the Business Oregon Venture (BOV) Fund Program.
Business Oregon recently received a second tranche of funding from U.S. Treasury. We will provide additional information at a later date. Program eligibility requirements can be accessed on the U.S. Treasury’s website .
What are the Basic Criteria? Basic criteria for venture capital fund strategies include: State participation limited to Oregon companies only. Average portfolio company of fewer than 500 employees.
Average check size to portfolio companies smaller than $5 million. Portfolio company equity rounds smaller than $20 million. Funds must demonstrate that $1 from the BOV Fund Program will “cause and result” in at least $1 of new private financing at the fund level.
What is the Application Process? We are not currently reviewing applications for the Business Oregon Venture (BOV) Fund Program. Business Oregon recently received a second tranche of funding from U.S. Treasury.
We will provide additional information regarding the application process at a later date. How to recognize an official Oregon website Only share sensitive information on official, secure websites. Your browser is out-of-date!
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Based on current listing details, eligibility includes: See the Oregon grants portal for complete eligibility requirements. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Not specified Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
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