State Small Business Credit Initiative (SSBCI) Business Oregon Venture Fund Program

Open State & local contract opportunity Posted

Solicitation number
S-12300-00010779
State
Oregon
Responses due

Opportunity facts

Jurisdiction
UNSPSC codes
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Opportunity details come from oregonbuys.gov. Updated .

About this opportunity

Written by GovTribe AI ·

The Oregon Business Development Department (Business Oregon) is conducting a Request for Qualifications (RFQ) for the State Small Business Credit Initiative (SSBCI) Business Oregon Venture Fund Program. The procurement seeks a venture capital fund manager to invest approximately $10 million in SSBCI funds into Oregon-based companies, with the selected entity functioning as the general partner and Business Oregon serving as a limited partner. Key objectives include deploying capital through a fund that meets the 1:1 private financing matching requirement and investing at least 90% of the capital allocation in Oregon-based companies. Proposers must demonstrate extensive venture capital experience, provide a comprehensive investment strategy, detail management fees and administrative costs, and outline expected economic impacts. The RFQ will remain open until November 1, 2029, or until all allocated funds are awarded, with proposals being reviewed at least quarterly. Evaluation criteria include Proposer Experience (30 points), Strategy & Investment Process (30 points), Management Fees & Administrative Costs (20 points), Impacts (15 points), and Accounting & Back Office capabilities (5 points).

The procurement includes specific requirements for certified disadvantaged business participation, with proposers required to submit a COBID (Certification Office for Business Inclusion and Diversity) Outreach Plan. The plan must detail steps to ensure minority-owned, woman-owned, service-disabled veteran-owned, and emerging small businesses have equal opportunities to compete for and participate in potential subcontracts. For proposers employing 50 or more full-time workers and seeking contracts exceeding $500,000, a current Pay Equity Certificate is mandatory. Based on the evaluation documents, Oregon Venture Fund was identified as the apparent successful proposer, scoring 89 out of 100 possible points. The initial contract term is anticipated to be 10 years, with potential for extension. Proposers must provide comprehensive documentation including references, key personnel resumes, responsibility inquiries, and various certifications to demonstrate their capability to meet all contractual responsibilities and program requirements.

Opportunity text

The State of Oregon, acting by and through the Oregon Business Development Department, is seeking proposals to deploy SSBCI capital through a new venture capital fund program called the Business Oregon Venture Fund Program (BOV Fund Program).

Files

File Type Posted
Attachment A-Proposer Information and Certification~4.doc DOC document
Attachment B-Reference Check Form~3.doc DOC document
Attachment F-Key Persons and Resumes~2.doc DOC document
Attachment C-COBID Certification and Outreach Plan~3.doc DOC document
Attachment E-Responsibility Inquiry~2.doc DOC document
Attachment G-Sample Contract~1.pdf PDF
C2024430_BOV_RFQ.pdf PDF
C2024430_SSBCI_BOV_RFQ.pdf PDF
Attachment D-Disclosure Exemption Affadavit~3.doc DOC document
C2024430_SSBCI_BOV_Notice_of_Intent_to_Award_OVF.pdf PDF
C2024430_SSBCI_BOV_Eval Scoring Results_31Dec2024.pdf PDF
SO1540-24 - OregonBuys Posting Page.pdf PDF
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