Riverside County Hosts Quick Pitch Contest

From the County of Riverside: University of California, Riverside’s EPIC and the Riverside County Economic Development Agency (EDA) held an event for the public and local business, and those considering starting a business on Wednesday, April 26. The Entrepreneurial Proof of Concept and Innovation Center (EPIC), provides resources for training, mentors, and connections to investors and partners.

Eleven entrepreneurial teams competed in the “Shark Tank” style quick pitch contest showcasing their local startups unique ideas to venture capitalists. The event featured 12 exhibitors including TriTech, who assist high- tech companies identify capital resources, commercialize new technologies, market products and services, and becoming investor ready.

This event was the finale to Riverside County’s 1st Annual Innovation month which held several events throughout the County in April with the partnership of several cities and business organizations including: Cities of Corona, Murrieta, Riverside, Temecula and Palm Desert, the Temecula Valley Entrepreneur Exchange, InSoCal Connect, the Murrieta Innovation Center, and Excite.

The UC system generates more patents than any other university in the United States, averaging five inventions a day. UC students found a new startup every two weeks, and UC-affiliated companies employ more than 38,000 workers, contributing more than $20 billion to the California economy.

At UCR, more than 70 new inventions are generated by university faculty and researchers in areas including agriculture, biomedicine, driverless vehicles, energy, and the environment.

Image via Pixabay