Each year, OTBC selects 5 companies to be Beaverton Challenge companies. Applications are open Sep. 4 for the 2019 Challenge class.
We have 3 Challenge classes so far – 15 companies – and they collectively have already raised a total of more than $13 million in funding. And we’ve had our first exit – C3 Backflow was acquired, providing a 2x return to our investor group on just 15 months.
Challenge companies receive a convertible note investment ($25,000 for the past 2 years) and they reside for 1 year at OTBC to get mentoring, introductions, and updates/mentoring with the investor group. Learn more (and apply starting Sep. 4) at this link.