OEN’s Angel Oregon Investment Program

Got a great idea? We want to help it take flight.

OEN’s Angel Oregon attracts the state’s brightest doers, innovators, and big thinkers.

Held in the spring of each year, OEN’s Angel Oregon offers early-stage companies an opportunity to compete for an investment award while receiving valuable coaching from angel investors and serial entrepreneurs.

Meanwhile, new angel investors have a chance to learn about angel investing, conduct due diligence, and network with experienced investors.

Paola Moretto, Winner of OEN's Angel Oregon Spring 2015 Investment Award“The due diligence process was very well-done and extremely professional. I was really impressed by the quality of the investors and their ability to understand the company, including the market opportunity and business model.”

– Paola Moretto, CEO & Co-Founder of Nouvola
Winner of OEN’s Angel Oregon Spring 2014 Investment Award

About Angel Oregon

OEN launched Angel Oregon in the late ’90s and the Spring Investment Program in 2005, which culminates in the annual Angel Oregon Showcase. During the Showcase, finalist companies present their pitches to a crowd of over 300 investors, business leaders, and entrepreneurs. One winner is awarded a check, historically ranging from $250,000-300,000. See our past winners here.

Since 2005, 612 companies have applied to compete for OEN’s Angel Oregon Investment Award and 89 were selected to present. From 2005 to 2014, $3 million has been directly invested through OEN’s Angel Oregon LLC Investment Award and there have been four favorable exits. Additional investment has been made outside of the LLCs, and Angel Oregon finalist companies have created more than 740 jobs. Past winners include Nouvola, brandlive, Wild Friends Foods, Chez Marie, OpenSesame, and DesignMedix.

Keeley Tillotson, Wild Friends Foods“Angel Oregon was such a great experience for us. It’s so important to step back and look at the big picture, and really helpful to have experienced people look at your company and ask the important questions.”

– Keeley Tillotson, Co-Founder, Wild Friends Foods
2013 Angel Oregon Winner

How OEN’s Angel Oregon Spring Program Works

Application and Application Review

All companies must complete an application to participate in Angel Oregon. Once the application period is closed, OEN’s Angel Oregon Spring Program due diligence team will review all applications and determine which companies most closely fit the Program’s criteria to move on to the first stage of investor review. If you do not make this cut, a member of the due diligence team will reach out to you to discuss your application and offer suggestions for improvement plus other feedback.

The first stage of investor review consists of all Angel Oregon Spring Program investors ranking the remaining applications based on criteria provided that aligns with the “milestone money” focus of this investment award program. An additional cut will be made following this review.

Upstart Day

Companies who make the first cut are invited to attend Upstart Day, a fast-paced day-long immersion with finance, sales, marketing, technology, product, legal, and strategy experts to help entrepreneurs perfect their investor pitch. Companies who do not make the first cut may be able to attend on a space-available basis.


Early stage start-ups that make it through this review will then present to the Angel Oregon Spring Program investors as part of the first investor meeting. You will be given details of the requirements for this presentation at least one week in advance of the meeting. Following the first round of presentations, there may be additional cuts.

Due Diligence

Angel Oregon Spring Program investors will then form due diligence teams around each of the remaining companies. You will be contacted by your due diligence lead and advised of the next steps in the process that will likely include one-on-one meetings and requests for additional information. Due diligence teams will report back to the full contingent of Angel Oregon Spring Program investors at the next investor meeting. Additional cuts may be made.

Q&A and Final Vote

Companies continuing in the process will receive additional questions, as well as requests for information and possible meetings. The Angel Oregon Spring Program term sheet will be reviewed with all finalists in advance of the final investor meeting. Finalist companies will be asked to attend the final investor meeting to participate in a Q&A with investors.

Following final due diligence discussions and the Q&A session, investors will vote on a winner. The finalists and public at large will be informed of the winner at our Angel Oregon Showcase. Remaining finalist companies will have the opportunity to meet with a member of the due diligence team to obtain suggestions for improvement plus other feedback.

Angel Oregon Showcase

The winner will be announced at OEN’s Angel Oregon Showcase. Presenting companies will have the opportunity to demo and talk about their development plans to an audience of 300+ investors and business leaders. Finalists from the Spring Program are automatically invited to present at the Showcase, and all applicants to the Spring Program will be considered for participation in the Showcase. Semi-finalists and finalists will receive complimentary admission.

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