Economic Development for Central Oregon announced today that the total awards for last year’s BVC hit $947,500 — up from $620,00, which was awarded at the conference in mid-October. Odysys and Perfect Company, officially closed at $225,000 and $125,000, respectively, according to the EDCO news release.
Jason Moyer, BVC Fund Manager, says that all five growth stage finalists received funding. “With roughly $2 million invested in the competing companies over the last two years, the Bend Venture Conference has moved into a new league and it’s showing in the quality of the applicants,” Moyer says.
Here is EDCO’s breakdown of the $947,500:
Investments
- BVC LLC (OCF, OGA, MMT, individual units) – Perfect Company and Odysys: $372,500
- Cascade Angels – Scratch-it: $125,000
- Seven Peaks Ventures – Scratch-it: $100,000
- Credo Investments – Scratch-it: $50,000
- Side Deals – Honeycomb, Nemametrix, Scratch-it, Perfect Company: $215,000
Grants
- BendBroadband Business Early Stage Cash Prize – SnoPlanks: $15,000
- Bend Outdoor Worx – Robert Axle Project: $10,000
Other Awards/In Kind
- Mandala Firestarter Marketing Program Award – Perfect Company: $50,000
- McDonald Group HR Services Package – Odysys: $10,000
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