The Beaverton Challenge is a program sponsored by the City of Beaverton and Westside Startup Fund, LLC where five startups will be selected to receive a $25,000 cash convertible-note investment along with incubation services from the Oregon Startup Center (OSC).
Donor Name: Oregon Startup Center
State: Oregon
City: Beaverton
Type of Grant: Challenge
Deadline: 10/05/2022
Grant Size: $25,000
Details:
The City of Beaverton, the West Side Startup Fund, and OTBC worked together to create the Beaverton Startup Challenge. Each year they select five Startup Challenge companies.
What Winners Receive
- $25,000 convertible note investment; $4,800 is allocated for mentoring, advising, business contacts, connections, and other community partner introductions AND office space. $20,200 net cash is paid to each finalist.
- Introduction to Legal, Accounting, HR and Marketing services
- OSC’s top-rated mentoring services, entrepreneur workshops and more.
The winning companies sign a 2-year convertible note at 8% annual interest which is payable to Westside Startup Fund 8.
Eligibility Criteria
- Profit, early-stage growth businesses with the ambition and potential to scale in a national or international market.
- Applicants should have two to five team members with at least one team member working on the startup full time.
- Applicants may be self-funded, grant-funded, and/or have investor funding of up to $250,000.
For more information, visit Oregon Startup Center.
