City of Beaverton

Posted on: July 24, 2017

Virtual Incubation Program Accepting Applications

BEAVERTON, Ore. – The Oregon Technology Business Center is now accepting applications from entrepreneurs for the Virtual Incubation Program (VIP). The six month program is open to all entrepreneurs, but rural-Oregon entrepreneurs are encouraged to participate at a very low cost thanks to a grant from the Janette G. Drew Fund of the Oregon Community Foundation (OCF).


“Often times in the startup community companies from our rural areas for a variety of reasons, do not have the same access to resources,” said Mayor Denny Doyle. “The Virtual Incubation Program is the place for rural startups to get a leg up and learn key issues to improve and build upon their business. OTBC is vital in providing the training and skills to bring your company to the next level.”


The VIP consists of eight weekly live webcasts broadcast from OTBC headquarters that address key entrepreneurship topics, followed by mentoring services for four months. Services include:

  • Helping you understand your customers/market
  • Finding out what your customers will pay
  • Developing a budget/forecast
  • Creating a funding plan
  • Building a team
  • Designing a marketing/sales plan
  • Learning what legal steps can help protect your company
  • And, more


OTBC will offer programs through the VIP that have been developed over the last 12 years that assist entrepreneurs in starting and building their businesses. The first sessions are planned to start in September. For more information on how to apply: www.virtualincubationprogram.com.


The VIP registration fee is $79 a month for six months, or alternatively a one-time payment of $399. However, thanks to OCF support, entrepreneurs in rural Oregon can participate for a one-time fee of only $79.


“It was an excellent series of sessions. I learned a tremendous amount.” said Ralph McCarthy, Northwest Analytical Labs, LLC. “You’ve allowed us to download extremely valuable information and pointed us towards a lot of resources.”


The VIP supports Governor Kate Brown’s goal of providing more economic and entrepreneurial opportunities to Oregon’s rural communities. Partners of the VIP include local economic development departments and the State of Oregon Economic Development Department to recruit entrepreneurial businesses with growth potential.


OTBC, the Oregon Technology Business Center, is a nonprofit incubator for startup companies. OTBC helps entrepreneurs start and grow companies with workshops, office space, mentoring and online programs. For more information about OTBC, visit www.otbc.org.

  

The city of Beaverton is home to more than 95,000 residents and is Oregon’s sixth largest city. We are a friendly, active, and responsible city well-known for our exceptional community services and amenities, helping Beaverton residents enjoy a high quality of life. Ranked in the top ten of Money magazine’s 50 Best Small Cities in America for 2016, Beaverton truly is “The Best of Oregon.”


For more information, reminders and community news, visit www.BeavertonOregon.gov. Also follow Beaverton on Facebook at www.facebook.com/CityofBeaverton or Twitter at www.twitter.com/CityofBeaverton.

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