LBCC Announces Extended Deadline to apply for the Innovation Fund SoCal Fund For Small Businesses

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Long Beach City College (LBCC) announced Monday that the deadline to apply for the 2014-2015 Innovation Fund SoCal’s funding cycle has been extended to noon, December 10, 2014. Applicants have an opportunity to receive a $50,000 no-interest, non-collateralized loan to help their startup companies focused on advanced manufacturing, bio medical devices, clean energy technologies.

Innovation Fund SoCal was created in 2013 in partnership with the Ewing Marion Kauffman Foundation to stimulate regional entrepreneurial activity, wealth creation, and social prosperity by funding and mentoring promising entrepreneurs launching innovative startup companies with high-growth potential.

Awardees are selected through a competitive process that include an initial application, interview and two rounds of pitches before selection panels comprised of a cross-section of professionals with technical, industry, financial, business, commercialization and startup experience and expertise. The final round of pitching will take place in front of a live audience during the 2015 Innovate!SoCal Conference on March 26, 2015.

Awards will be made in the amount of a $50,000 no-interest and non-collateralized loan with a 1:1 match requirement from the startup. For more information including the process and how to apply visit www.innovationfundsocal.org.

Long Beach City College is the host to a number of entrepreneurial and small business initiatives including Goldman Sachs 10,000 Small Businesses and the Los Angeles Regional Small Business Development Center. LBCC was recently named 2014 Entrepreneurial College by the National Association for Community College Entrepreneurship.

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