Organization · Government VC
Oklahoma Department of Commerce
The Oklahoma Department of Commerce is the state's primary economic development agency, focused on promoting business growth and community prosperity in Oklahoma through various incentive programs and partnerships.
Overview
What Oklahoma Department of Commerce does
What Oklahoma Department of Commerce is
The Oklahoma Department of Commerce is the state's primary economic development agency, focused on promoting business growth and community prosperity in Oklahoma through various incentive programs and partnerships.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Government VC
- Founded
- Founded in 1987
- Approximate age
- About 39 years
- Structured capabilities
- Funder
- Last reviewed
- May 3, 2026
Official channels
Find Oklahoma Department of Commerce elsewhere
Open the official website or a supported primary organization account.
Capability profile
Oklahoma Department of Commerce as a funder
Investment thesis
The Oklahoma Department of Commerce aims to promote jobs, investment, and economic prosperity in Oklahoma by fostering a supportive business environment that encourages growth and community prosperity.
Focus narrative
The agency provides a range of services aimed at fostering business growth, including incentives for business relocation and expansion. It emphasizes support for startups and small businesses, offering resources and programs designed to enhance the entrepreneurial ecosystem in Oklahoma.
Value beyond capital
The Oklahoma Department of Commerce adds value to portfolio companies by providing access to various incentive programs, entrepreneurial resources, and support for capital expansion projects. It helps businesses navigate the local ecosystem, connect with relevant partners, and access funding opportunities through adjacent programs.
Terms and economics
- Typical check
- $25,000–$150,000
- Sweet spot
- $100,000
Focus and fit
- Sectors
- Energy
- Regions
- United StatesNorth America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 7
Portfolio context
Notable portfolio companies supported through the Oklahoma Innovation Expansion Program (OIEP) include BlueArc Innovations, ARL Bio Pharma, BankOnIT, XploSafe, AeroCoreX, Ferra Aerospace, and Martin Bionics. These companies represent a diverse range of sectors, including manufacturing, bioscience, aerospace, and technology.
Common questions
What to know about Oklahoma Department of Commerce
Upseed classifies Oklahoma Department of Commerce under the Government VC organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 3, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.