OEN NewsNominate Your Company for an OEN Tom Holce Entrepreneurship Award
Does your company deserve recognition as one of Oregon’s best and brightest?
On Thursday, October 22, 2015, over 600 entrepreneurs, investors, and business leaders will gather to celebrate our state’s best and brightest young companies and entrepreneurs.
The OEN Tom Holce Entrepreneurship Awards program honors the skill and courage that it takes for entrepreneurs to create a business out of an idea. We honor exceptional companies in three categories – launch stage, development stage, and growth stage.
Company nominations are due by 11:59 PM EST on Wednesday, July 15, 2015.
Companies in the Launch Stage category may be in the process of setting up, developing and testing the products, processes, or services they intend to market or are currently marketing. Projected revenues for the current calendar year from sales of products or services are in the range of $0-0.5 million and the amount of invested capital in these companies is less than $5 million.
Development Stage companies are in the early stages of fully launching their businesses on the market. They are in the process of establishing their production, marketing, sales, distribution and administrative functions and may be hiring employees or contractors to support their operations. These companies have recognized revenues at a minimum of $0.5 million in the previous calendar year. They also have projected revenues for the current year in the range of $0.5-$10 million and should either show a historical trend toward positive cash flow or have a credible plan to reach that objective in the near- to mid term.
Growth Stage companies have a fully-marketable product or service, have earned a degree of market acceptance and have acquired a critical mass of customers. Their efforts are aimed not at remaining viable but at increasing market share, moving into new markets, adapting products or services to new uses and customers or increasing efficiency and cash flow. These companies have recognized revenues at a minimum of $10 million in the previous calendar year. They also have projected revenues for the current year in excess of $10 million and, if not profitable, are generating cash flow and are financially self-sustaining.