A Portland company - Energy Storage Systems - which has created a proprietary all-iron battery technology product for the back-up electrical storage industry - was the big winner, pulling down the top prize of $260,000 in additional funding from the angels.
The Williamette Angel Conference links investors to entrepreneurs that are seeking additional funding for their fledgling companies.
The event was started by the Corvallis and Eugene Chambers of Commerce in 2008 and rotates between the two communities every year. The conference will be held on May 15, 2015 at the OSU Alumuni Center.
Carts and Tools, located in a small, historic building on the corner of First Street and Harrison Blvd. in Corvallis, designs, manufactures and sells professional carts and tools for the emerging small-market farm industry. The company's most notable product is an electric-powered walk-behind agricultural tiller aimed at the serious hobbiest or professional small farmer.
McGowen said that the so-called "market gardener" is the "future of local and sustainable food," with an estimate 267,000 small farms now in cultivation and more on the way. "A major growth segment is the young farmer demographic embracing new technology, often farming the urban boundaries of cities," McGowen said.
The young company - now with five employees - is projecting annual revenues of $2.2 million by 2017,