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$150K from LBCC's Inaugural 'Innovation Fund' Spread Amongst Three Businesses

Southern California
$150K from LBCC's Inaugural 'Innovation Fund' Spread Amongst Three Businesses

Story excerpt provided by Long Beach Post
Written by Brian Addison

Two Los Angeles and one West Hollywood company will receive generous financial awards from Long Beach City College’s inaugural Innovation Fund So Cal.

The fund—announced and launched earlier this year—is a partnership with LBCC and Ewing Marion Kauffman Foundation and seeks to do one thing: provide funding and mentoring for up-and-coming entrepreneurs attempting to build their startups.

Pick My Solar, a Los Angeles-based company that caters to solar panel contractors by connecting them directly to household consumers online, scored a $100K loan at zero-interest—and will help the co-founders, Mazyar Aram and Chris Blevins, generate more sophisticated algorithms that will benefit both consumer and contractor.

“Exponential growth and volatility of the residential solar market, lack of transparency and knowledge have caused many homeowners to overpay for their solar system in the last few years,” the co-founders said in their bid for the prize. “Pick My Solar has created an online market place which educates homeowners on solar and creates direct competition between solar providers through a bidding platform to find the best valued bids for homeowners.”

Two smaller prizes—each for $25K—were given to Revoterial of Los Angeles and Engine Fitness of West Hollywood. 

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