Oklahoma Center for the Advancement of Science and Technology

Oklahoma Center for the Advancement of Science and Technology is an investment firm.

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Updated: Mar 15, 2026 ·

About

The Oklahoma Center for the Advancement of Science and Technology (OCAST) is the state's agency dedicated to technology-based economic development. Headquartered in Oklahoma City, OCAST provides funding opportunities and strategic investments to foster innovation and technological advancement within the state. Its activities are designed to support the growth of science and technology sectors, contributing to Oklahoma's economic competitiveness.

OCAST acts as an investor, providing grants and leveraging funds, such as U.S. Treasury SSBCI funds, to support companies and initiatives. This includes backing startups like Soaak Technologies, Inc., demonstrating its role in nurturing emerging businesses and technological innovation.

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Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 10, 2026	American Prime	Seed	Big Idea Ventures	—

Financial History

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Deep Dive

The Oklahoma Center for the Advancement of Science and Technology (OCAST) functions as the state agency responsible for driving technology-based economic development. Located in Oklahoma City, Oklahoma, OCAST is instrumental in advancing science and technology across the state, aiming to enhance Oklahoma's position in national and global markets.

OCAST's mission involves fostering innovation and technological advancements through various programs and initiatives. It serves as a critical resource for entities engaged in scientific research and technological development, providing the necessary support to translate ideas into economic growth.

As an investor, OCAST offers funding opportunities, including grants and strategic investments, to promising ventures. For example, it has provided funding to companies such as Soaak Technologies, Inc., demonstrating its commitment to supporting the commercialization of new technologies and the expansion of technology-driven businesses. OCAST also leverages significant financial resources, including U.S. Treasury SSBCI funds, to maximize its impact on the state's innovation ecosystem.

A key aspect of OCAST's role is to address challenges related to venture capital availability within Oklahoma. By actively participating in the funding landscape, OCAST aims to mitigate factors that might hinder the state's ability to compete effectively in the national and global marketplace for technological innovation and economic development.

Through its comprehensive approach, OCAST works to create an environment where science and technology can thrive, ultimately contributing to job creation, economic diversification, and the overall prosperity of Oklahoma.

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Frequently Asked Questions

How does OCAST support technology-based companies and initiatives?

OCAST provides funding opportunities, including grants and strategic investments, and leverages funds such as U.S. Treasury SSBCI funds to support startups and other ventures engaged in science and technology.

What challenge does OCAST aim to address within Oklahoma's economic landscape?

OCAST works to address issues related to venture capital availability, which can hinder Oklahoma's ability to compete effectively in national and global technology markets.

Frequently Asked Questions

How does OCAST support technology-based companies and initiatives?

What challenge does OCAST aim to address within Oklahoma's economic landscape?

OCAST works to address issues related to venture capital availability, which can hinder Oklahoma's ability to compete effectively in national and global technology markets.