FOR IMMEDIATE RELEASE
Contact: Jeff Fishburn
OnPR for Oregon Entrepreneurs Network
503-802-4408
jefff@onpr.com
Six Launch Stage and eight Seed Stage finalists chosen to compete for investment prizes totaling approximately $200,000
February 25, 2010, Portland, Ore. — The Oregon Entrepreneurs Network (OEN) today announced six Launch Stage companies were chosen as finalists to present at OEN’s Angel Oregon 2010, to be held at The Nines in Portland on March 5, 2010. The eight Seed Stage companies were selected and announced earlier in February.
Finalists for OEN’s Angel Oregon were chosen from nearly 50 companies that are based throughout Oregon and Southwest Washington One Launch Stage finalist, ActiveTrak, was selected as part of a round robin competition during a series of OEN PubTalks over the past three months. The list of presenting companies follows below.
The field of finalists was narrowed after weeks of due diligence, research and debate among the approximately 40 angel investors who provide the majority of the investment award totaling approimately $200,000, the largest prize awarded at OEN’s Angel Oregon in the past three years. The angel investors participating in the OEN’s Angel Oregon investment prize will select the top two companies that will receie investment awards upwards $175,000 for the winning Launch Stage company and $25,000 for the Seed Stage company.
New for the OEN’s Angel Oregon 2010 award prize is the participation of the Willamette University Angel Fund and the City of Potland; the Portland Development Commission will provide a $21,000 loan to the winning Portland Launch Stage company.
OEN‘s Angel Oregon was designed to recruit and educate more people to become accredited angel investors. It’s been a tremendous success, resulting in more people investing in local companies. It’s also increased participation in the Portland Angel Network and the Women Investors Network, and it led to the formation of the Oregon Angel Fund, the Willamette Angel Conference, and the Gorge Angel Conference.
ʺThis year, the cycle of entrepreneurship has come full circle, with the first Angel Oregon winner back as an investor, following a successful exit,ʺ said Angela Jackson, AB Jackson Group and Chairman of OEN’s Angel Oregon 2010. “This is what OEN's Angel Oregon is all about‐ entrepreneurs and investors creating wealth together, succeeding, and doing it all over again.ʺ
Some facts about OEN’s Angel Oregon since inception:
• Since 2003 more than 33 companies competed in OEN’s Angel Oregon
• Two past OEN’s Angel Oregon presenting companies have had successful exits, Castor & Pollux/Pet Appeal was the first
• OEN’s Angel Oregon alumni companies produced more than $85 million in revenues up from 2008 revenues of $66 million
• The OEN’s Angel Oregon alumni have raised $67.5 million in equity to date
• OEN’s Angel Oregon companies employ 546 people in Oregon and Southwest Washington up from 478 employees last year
OEN’s Angel Oregon is the Northwest’s premier deal flow and networking event for Oregon and SW Washington based angel investorsand early‐stage entrepreneurs. Registration to OEN’s Angel Oregon is available online at oenangeloregon.org or through the OEN offices at 503‐222‐2270.
About Oregon Entrepreneurs Network
Founded in 1991, the Oregon Entrepreneurs Network is a not‐for‐profit corporation dedicated to providing opportunities for Oregon entrepreneurs and improving the business climate for emergin, growth‐oriented companies statewide. The organization has members throughout Oregon and Southwest Washington. For more information about the OEN, visit its website at www.oen.org.
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Finalists for the OEN Angel Oregon 2010
Winners will be announced at the event on Friday, March 5, 2010
2010 Launch Stage Companies
ActiveTrak Inc. – Portland
ActiveTrak Inc. is the provider of mobile endpoint security solutions for businesses and consumers. Its innovative software enables customers to track and recover lost or stolen laptops, mobile phones or portable media devices, as well as to protect the data stored on them.
Coherence Resources, Inc. (NightWave Sleep Assistant) ‐ Portland
Coherence Resources produces proven wellness solutions for restful sleep and relaxation without pills, masks, wires or sounds. NightWave® Sleep Assistant is our flagship product.
Copa Di Vino – The Dalles
80% of the Beer and Pop sold in America are in ready to drink (RTD) containers. Our patents for our “glassing” process have created the only “Wine RTD”.
DeltaPoint, Inc. ‐ Portland
DeltaPoint is developing diagnostic software that performs “virtual biopsies” on suspected cancers. The company is focused first on taking the guesswork out of diagnosing breast cancer.
InFuez, Inc. ‐ Portland
InFuez, Inc manufactures FUEZ, a surface product which incorporates Northwest recycled glass to satisfy growing demand for affordable and sustainable building products.
Matradee, Inc. ‐ Beaverton
Matradee is an online restaurant reservation platform designed to provide restaurateurs a unique opportunity to reduce processig costs, improve service and increase revenue.
Second Porch, Inc. ‐ Portland
Second Porch helps owners extract more value from their vacation home by enabling easy sharing, trading & renting among members of a trusted network.
2010 Seed Stage Companies
Athletepath, Inc. ‐ Portland
Athletepath is a website that supports the individual athleteʹs performance goals. Athletepath helps everyone realize achievements, find events and buy the best products for their needs.
Enjoy Life LLC ‐ Portland
Enjoy Life is the producer of the first authentic, premium Sangria in the US: Supreme Red and Majestic White.
Gamma Therapeutics ‐ Tualatin
Gamma Therapeutics is a start‐up biopharmaceutical company founded by Dr. David Farrell of OHSU for the development of diagnostics and drugs for heart attacks.
Green Goose ‐ Portland
The Green Goose enhances the urban cycling experience by automatically tracking distance, locations, and savings earned along your daily bike commute.
Indie Wines, Inc. ‐ Oregon City
Indie Wines enables artisan wineries to end‐around traditional distribution channels. Leveraging their SaaS/social‐commerce solution to deploy consumer‐ and trade‐direct platforms, wineries increase sales and profitability.
Mobspot, Inc. ‐ Portland
Mobspot is a cross‐platform discovery, download, and review destination for mobile applications on any device. Mobspot helps you filter through the glut of apps, enabling you to quickly discover which applications your friends actually use and like.
My Home Details ‐ Vancouver
The social network for residential buildings.
Zubeo, Inc. ‐ Portland
Zubeo is a ‘Pandora‐like’ service for radio show and podcast listeners that creates and delivers personalized audio mixes containing the web’s mostcompelling content. Delivered fresh daily to a listener’s computer & MP3 player, Zubeo’s seamless playlists play from beginning to end with just a click; perfect for listening at home or on the go.