It can take a lot to bring a great idea to the marketplace. That's why we at the Lundquist College of Business are so excited about the Regional Accelerator and Innovation Network (RAIN), a bold new proposal to foster entrepreneurial activity in the south Willamette Valley.

Developed by a coalition of university and government officials along with area entrepreneurs, RAIN is currently under consideration by the Oregon State Legislature.

If funded, RAIN will create two business accelerator facilities—one in Eugene and another in Corvallis—to house Willamette Valley startup ventures. Each site will include a combination of laboratories, offices, and shared spaces, such as conference and training rooms.

RAIN entrepreneurs based in the Eugene location will work closely with the Lundquist College's Lundquist Center for Entrepreneurship. Faculty, students, and a network of established entrepreneurs associated with the institute will provide expertise and connections along with hands-on assistance developing business plans and strategic planning projects for RAIN startups.

"RAIN looks to grow competitive industry in Oregon through innovation and entrepreneurship—and so does the Business Innovation Institute," said the college's assistant dean for centers of excellence John Hull. "Contributing to a project of this scope is a great honor. RAIN will provide our students with unparalleled opportunities for hands-on involvement in all aspects of the startup process."

Read about the testimony UO Vice President for Research and Innovation Kimberly Andrews Espy offered to the Oregon Senate in March.