Tag Archives: BVC 2016

Record-breaking $3.75 million awarded at BVC

Record-breaking $3.75 million awarded at BVC

Press release from EDCO about this year’s record-setting Bend Venture Conference:

OVER $3,755,000 IN FUNDING AWARDED AT THE BEND VENTURE CONFERENCE

Ten Companies Across Three Competition Categories Take Home Investments and Cash Prizes

Economic Development for Central Oregon (EDCO) hosted the 13th Annual Bend Venture Conference (BVC) to a sold-out crowd and just announced the winners of $3,755,000 in investments and cash prizes, setting a new record for Oregon angel conferences. Side investment deals are still being finalized.

Early Stage Competition

  • Winner of the BendBroadband Business Early Stage Competition:
    • CushCore (Bend, Ore.) won the $15,000 BendBroadband Business Early Stage Cash Prize. For this competition, conference attendees voted on the company they believed could benefit the most from the money. CushCore manufactures an Inner-Tire Suspension System for mountain bikes.
  • Winner of a Business Oregon Award:
    • PubTalk semi-finalist Cascade Wellness Technologies (Sunriver, Ore.) was awarded $100,000. Cascade Wellness Technologies produces an Automated Thermal Contrast device to non-evasively increase blood flow to the body.

A record ten companies received funding and the conference’s big winner was Hubb, walking away with $2,515,000.

Growth Stage Competition

The Growth Stage Competition, which included companies that had a proven concept and initial revenues, had five different winners.

  • Winners of BVC, LLC, Investment Awards*:
    • Hubb (Vancouver, Wash.), a Software as a Service (SaaS) platform that automates the business process for collecting, managing and marketing the abstracts, speakers and sponsors for conferences and meetings, was awarded $140,000.
    • A secondary investment of $100,000 was awarded to RFPIO Inc. (Portland, Ore.), a SaaS solution that streamlines the RFP response process and increases the win rate through automation, collaboration and Salesforce integration.
  • Winner of a Business Oregon Award:
    • Fat Chance Bicycles (Ashland, Ore.), an iconic heritage mountain bike brand, was awarded $100,000 by Business Oregon.
  • Winners of Cascade Angels Fund Investment Awards:
  • Hubb was awarded $175,000.
  • A secondary investment of $150,000 was awarded to Outdoor Project (Portland, Ore.), the fastest growing media platform in the U.S. for outdoor recreation and travel.
  • Winners of Elevate Capital Investment Awards:
    • Hubb was awarded $450,000.
    • A second investment of $250,000 was awarded to RFPIO.
    • A third investment of $125,000 was awarded to Scout Military Discount (Portland, Ore.), an app that allows the military community to receive discounts, offers and special savings.
  • Winner of the Oregon Angel Fund (OAF) Investment Award:
    • Hubb was awarded $1,750,000.

*The investment arm of the conference, BVC, LLC, awarded the Growth Stage investments following considerable due diligence of each of the five presenting finalists. The investment included $25,000 from Oregon Community Foundation and $50,000 from Oregon Growth Account.

Social Impact Competition

The Social Impact Competition, which included for-profit companies with an integrated social or environmental mission, had three different winners.

  • Winners of BVC, LLC, Investment Awards:
    • Hemex Health (Portland, Ore.), a company that provides new diagnostics for malaria and sickle cell disease, was awarded $50,000.
    • A second investment of $50,000 was awarded to OpConnect (Portland, Ore.), a company that sells and operates smart electric vehicle charging stations.
  • Winner of a Craft3 Investment Award:
    • Sudara (Bend, Ore.), a company that designs and manufactures beautiful products in India, creating jobs for survivors of sex-trafficking, was awarded $250,000.
  • Winner of an Elevate Capital Investment Award:

“The goal of the Bend Venture Conference is to bring together investors and investable companies in the hopes that through the process some magic will occur and companies will get discovered and funded,” said Brian Vierra, Venture Catalyst for EDCO. “This year, due to a high level of collaboration between both angel and venture funds, institutions and the State itself, we succeeded to a level the conference hasn’t seen before. This has resulted in a new record of almost $4 million for investment deployed through an angel conference in the northwest.”

 

About the Bend Venture Conference
The Bend Venture Conference (BVC), hosted by Economic Development for Central Oregon, is the largest angel conference in the Pacific Northwest. This year, the conference is divided into three competition categories that consist of Social Impact, Early Stage and Growth Stage companies vying for investment and cash prizes. In 2015, more than 465 attendees, 50 prominent investors and 65 companies joined us for a celebration of entrepreneurship and close to $1 million was awarded to multiple winners. For more information, visit www.bendvc.com.

About Economic Development for Central Oregon

Celebrating its 35th year, Economic Development for Central Oregon (EDCO) is a non-profit corporation supported by private and public members and stakeholders, whose mission is to create middle-class jobs in Central Oregon by recruiting new employers to move to the region, helping entrepreneurs start new, scalable businesses, and working with businesses that are already here to grow their operations. For more information, visit www.edcoinfo.com.

SnoPlanks wins $100K at Venture Out Festival

SnoPlanks secured $100,000 in funding Wednesday night as the winner of the inaugural Venture Out Festival. TOUGHER, a workwear company for women, took home the Break Out Award and $10,000 in investment. And CushCore, which produces an insert for mountain bikes that works as an in-tire suspension system, won $3,000 from BendBroadband Business as the winner of a special Judge’s Award. Created… Continue Reading

SnoPlanks wins $100K at Venture Out Festival

Spontaneous swimwear company takes unConference top prize

  Wedgis, a spontaneous swimwear startup founded by Sarah Drake, won the Wild Card spot at Bend’s unConference on Wednesday. Drake, 35, moved to Bend three months ago from Jackson Hole, Wyoming, to launch her business – and for the opportunity to pitch during the Bend Venture Conference week. With the Wild Card spot, Drake… Continue Reading

Live-tweeting from BVC: Jimmy Sbarra of Volcano Veggies

Back in 2014, Volcano Veggies — then a scrappy startup that used aquaponics to grow organic vegetables year-round in Bend — won the Early Stage Award at the Bend Venture Conference. This year, we’ve asked company co-founder Jimmy Sbarra to take over the BendBroadband Business Twitter account during the 2016 Early Stage Award competition on… Continue Reading

Five BVC Early Stage finalists selected

Five Central Oregon startups are one step closer to earning $15,000 from BendBroadband Business. CushCore, Fire Funder, Free Rain Designs, Hytchr and InvestiPro will advance to the finals of the Bend Venture Conference’s Early Stage competition on Oct. 14 after surviving Thursday’s semifinal round at Bend’s McMenamins Old St. Francis School. Touted by EDCO Executive Director Roger… Continue Reading

Five BVC Early Stage finalists selected

Semifinalists announced for BVC Early Stage competition

A handful of Central Oregon startup companies are one step closer to earning $15,000 from BendBroadband Business. The Bend Venture Conference announced Monday its 10 semifinalists for this year’s Early Stage competition. On Sept. 22, the field will narrow to five at EDCO‘s PubTalk. Those five finalists – chosen by an audience vote during the PubTalk – will then present… Continue Reading

Semifinalists announced for BVC Early Stage competition