SBDC @ UCI Applied Innovation: Accelerating Small Business Growth

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April 11, 2018 By Applied Innovation

Since 2003, entrepreneurs from all backgrounds in Orange, Riverside and San Bernardino counties have sought out the Orange County Inland Empire Small Business Development Center Network (OCIE SBDC) for business consulting and training to start or accelerate the growth of their companies. The OCIE SBDC Network is funded in part by the U.S. Small Business Administration to operate seven service centers throughout the region which offer these services at no cost.

Housed at the Cove @ UCI, the SBDC @ UCI Applied Innovation is well equipped to provide services to entrepreneurs in the community with scalable companies in technology, life science, med-tech and med-device industries. “UCI Applied Innovation acts as a driver of the regional innovation and entrepreneurial ecosystem – providing an array of services and support to innovators, entrepreneurs and small businesses to positively impact and strengthen Orange County,” said Richard Sudek, chief innovation officer and executive director of UCI Applied Innovation. “Hosting the SBDC @ UCI Applied Innovation provides another key resource to Orange County’s business community in support of the creation of infrastructure and businesses that lead to jobs and inclusive economic growth.”

SBDC @ UCI Applied Innovation provides entrepreneurs the support needed for long-term success through: access to no cost, one-on-one consulting, on-site labs for early prototyping and assistance with funding-readiness for seed stage investments from venture funds including a number of angel investment groups; more than 400 Experts-in-Residence (EiRs) and key industry leaders who volunteer their hands-on guidance. Bill Waldo, a senior consultant for the SBDC @ UCI Applied Innovation and industry veteran, cites Ephesoft as a client success story, raising over $15 million in funding to support its growth. SBDC @ UCI Applied Innovation senior consultants have each contributed ten years or more to the SBDC and also include Don Kasle and Steven Mednick, experts in entrepreneurship and funding. The opportunity to combine these crucial services and experienced consultants with UCI’s proven economic impact – $17.8 billion generated by UCI affiliated startups founded by alumni, in addition to UCI intellectual property – is sure to create dynamic results.

To learn more about SBDC Tech and the SBDC @ UCI Applied Innovation, visit SBDCTech.org.

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