Founded in 1981, the Washington Research Foundation (WRF) makes equity investments in technology-based startup companies that have a significant link to research institutions in Washington State. The Foundation assists in both the creation of new companies and invest in deals managed by others at the earliest seed stage.

From its early licensing success, WRF built a seed venture fund, WRF Capital to invest in local private technology companies. WRF Capital's gains are used to support research and entrepreneurship at Washington State research institutions.

Additionally, the Foundation leases office space to technology based start-ups through the WRF Venture Center. The WRF Venture center offers entrepreneurs short-term, flexible office facilities and business support in a desirable location on Lake Union, mid-way between the University District and downtown Seattle.