Funding available in Oklahoma for each step of developmentPublished: Tuesday, March 19, 2019 By: Scott Meacham Source: NewsOK
I always tell every new company that I talk to: You have to crawl before you walk and walk before you run. The same thing applies to the capital path.
The great thing for startups in this state is that The Oklahoma Innovation Model, which is unique in the U.S., has funding available for each of those steps. With the Oklahoma Center for the Advancement of Science & Technology’s (OCAST) as the hub of the Innovation Model, here’s how that continuum of capital works to provide a pipeline to the market.
For Oklahoma innovators starting in the research and development (R&D) world (which is where many ideas are born) OCAST’s Applied Research and Oklahoma Health Research programs provide early stage R&D awards to stimulate unproven, high-risk concepts and innovation.
Then at the far end of the capital continuum, the Oklahoma Seed Capital Fund and the Accelerate Oklahoma Fund provide concept, seed and startup equity funds for startups with demonstrated high-growth potential. These deals also attract additional investment from angels and venture capitalists.