Oregon BEST awards new grants
By Suzanne Stevens, Business Journal Web editor
Business Journal Web editor
Indow Windows' Sam Pardue
The Oregon Built Environment & Sustainable Technologies Center has awarded its inaugural Commercialization Grants to four Oregon firms.
The recipients will split approximately $250,000 and will work closely with Oregon BEST researchers at university labs to further develop their technology.
This year's winners are:
• Corvallis Tool Company, a Philomath company that designs, manufactures and installs custom industrial machinery and control systems for wood products manufacturers.
• Trillium FiberFuels Inc., a Corvallis company that is developing process technology and equipment for converting cellulosic feedstocks into ethanol.
• Green Lite Motors, a Portland company that has developed a two-seat hybrid gas-electric three-wheeled vehicle.
Launched last summer, Oregon BEST's Commercialization Grants program is designed to help get promising technologies to market more quickly, to grow Oregon's clean tech sector, and to address the challenges of climate change and fossil fuel dependence.
Recipients were chosen by an Oregon BEST advisory board made up of venture capital and corporate investors.
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