The Oregon Translational Research and Development Institute (OTRADI) was initiated in 2007 with a mission to translate scientific research developed in the state of Oregon’s research laboratories into commercial ventures. The word “translationalâ€ refers to this task: transforming research into industry.
From university-driven basic research, through grant-awarded funding, to proof-of-concept and industry partnerships, OTRADI provides assistance at all stages to help move medical discoveries through the journey to market or commercialization.
In 2013 OTRADI initiated another “bricks and mortarâ€ phase to the difficult journey startup bioscience companies need to be successful. The first phase of the state’s only bioscience incubator, OTRADI Bioscience Incubator (OBI), opened in a 13,000 square foot facility on Portland’s South Waterfront. Within weeks OBI was 100 percent full and offered the new startups lab and office space, in addition to guidance from professionals providing expertise the bio startups required. Two Entrepreneurs-in-Residence are on site at OBI, complemented by a BioMentoring program that offers access to free advice from 100 specialists who “have been there before.”