Portland Seed Fund wins conditional backing from Oregon Growth Account

The Portland Seed Fund http://portlandseedfund.com/ won conditional backing from the Oregon Growth Account today, a big step for one of Portland’s key economic initiatives.

The city created the fund this year with $500,000 in general fund money, routed through the Portland Development Commission. The goal is to provide early-stage financing for Portland startups to help them develop and test their products.

Mike Rogoway, The Oregonian

Full Story: http://blog.oregonlive.com/siliconforest/2010/12/portland_seed_fund_wins_condit.html