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Business Oregon
Nathan Buehler
Marketing Mgr
Email; 503-689-3559

April 24, 2019 Media Contact
Nathan Buehler 503-689-3559

State of Oregon Investment Launches New Blockchain Technology Studio

Business Oregon is making a seed investment to leverage the state's strong high-technology sector and create a first-of-its-kind program to build a blockchain technology ecosystem. Blockchain is an emerging technology that provides a secure way to encode transactions between parties, creating irreversible, trusted chains of information.

The new Oregon Enterprise Blockchain Venture Studio (OEBVS) will be a partnership led by R/GA Ventures and partners Business Oregon, Moda, Umpqua Bank, Portland State University, Oregon Health & Science University, ConsenSys, and blockchain research firm Smith + Crown. Business Oregon was the first to sign on and support the effort, with a forgivable loan of $450,000.

"The state of Oregon is a high-tech leader, and that gives us a huge competitive advantage to lay claim to emerging technologies such as blockchain," said Chris Harder, director of Business Oregon. "Information security is a global priority for the public and private sectors alike. The state of Oregon is making an investment that gives Oregon a chance to lead and address that demand."

No state has yet brought together education institutions, private enterprise, and the public and nonprofit sectors to lay claim to blockchain technologies as a strategic economic driver. Oregon's commercial interests in agriculture, manufactured products, energy, transportation, healthcare, and high technology, provide a great opportunity to test blockchain applications. The intersection of the state's technology workforce and commercial interests provides an opportunity for Oregon to be the first state sponsor of a public-private partnership to embrace blockchain technologies.

OEBVS will focus on emerging startup products, services, and tools to solve targeted business objectives for the partners involved in the project. The Studio will be structured to identify strategic opportunities for startups, taking applications for startups to join the studio and work on these opportunities. Startup applications open on April 24, 2019. Global startups working on all aspects of enterprise blockchain technologies, products, and services are encouraged to apply at www.oebvs.com.

The Studio program launches on July 29, 2019, and will be located in R/GA's Portland office. The program will conclude in October with a demo event during which each startup will present to industry leaders, partners, investors, and customers from the technology and innovation community. If you are interested in attending the demo event, please email our partners at ventures@rga.com for more information.


Business Oregon, the state's economic development agency, invests in Oregon businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy. The agency's services span rural community development and infrastructure financing; business retention, expansion and recruitment; export promotion and international trade; investments in industry research and development and entrepreneurship; small business assistance; and support for arts and cultural organizations.