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CORVALLIS, Ore. - The Oregon State University Advantage Accelerator has a new home in downtown Corvallis.

The Accelerator, created to spur the creation of new companies from Oregon State University-based research, will be located at 200 S.W. 4th St., less than a block from Corvallis City Hall. Mark Lieberman, co-director of the OSU Advantage Accelerator and chief startup officer, said his team will move into the building in October.

"The Accelerator facility will be a hub for creative and innovative thinking for technology start-ups," he said. "We will offer essential networking events, as well as educational and leadership opportunities, including CEO roundtables, presentations and one-on-one meetings with successful entrepreneurs, investors, and venture capitalists."

Lieberman, co-director John Turner, and program administrator Betty Nickerson, will have offices in the downtown facility. Turner said space for eight student interns, plus an entrepreneur-in-residence, will also be provided.

"We're excited to be in the heart of downtown Corvallis. The Accelerator is focused on creating new companies and new jobs, and we see the city of Corvallis as an important partner in this goal," Turner said. "This gives us a place where we can all be together of course, and also gives us a public face so we can meet with researchers and companies from the community."

The OSU Advantage Accelerator is one component of the Oregon State University Advantage, an educational, research and commercialization initiative begun earlier this year. OSU's Accelerator recently announced its first 13 clients.

The OSU Advantage Accelerator is a component of the South Willamette Valley Regional Accelerator and Innovation Network, or RAIN, which was made possible by recent legislative approval and funding.