The Portland Development Commission began accepting applications on Feb. 14 for Startup PDX: Challenge, a new initiative to connect startups to all Portland has to offer.
The initiative represents Portlands next step in the creation of community and value for startups. The Challenge will offer access to accelerator programs and other organizations in unique ways. The Challenge winners will co-locate in Portlands Produce Row, a neighborhood where the entrepreneurial and DIY spirit thrives.
The startups who win the Challenge will get the nuts and bolts of what they need in a package valued at $40,000 per company:
- $10,000 working capital grant (no equity taken)
- free rent for one year
- free legal services
- free accounting services
- free hiring and HR services
- free memberships and access to six different organizations and programs that focus on entrepreneurs