Local News

Goleta Entrepreneurial Magnet (GEM) showcases teams

G2 Summer Accelerator teams pitch ideas at Bacara Resort & Spa event

Entrepreneurs pitch their innovations during summer program

GOLETA, Calif. - Dermachill, Vibe, EVMatch, Urbavore, SoundCrutch and Dog Spot could become household words if young entrepreneurs make it big.

All six were created by entrepreneurs chosen to be a part of the 2016 G2 Summer Accelerator.

The program is part of the Goleta Entrepreneurial Magnet (GEM) that provides mentors and guidance to teams ready to look for investors. Gem is a city of Goleta, Goleta Valley Chamber of Commerce and University of California, Santa Barbara collaboration.

On Tuesday, six teams gave 10 minute pitches to members of the business community at the Bacara Resort & Spa.  After the pitches they showed off their ideas at tables during an outdoor cocktail party.

Angel investor and mentor Doug Lynch said they may not find funding right away, but they are moving in the right direction.

People in the audience were asked to pick their favorite pitches.  The result turned out to be a tie between Vibe and Urbavore.

Mentors congratulated Rashelle Smith for creating a dog spot alternitive to crate training after only one Santa Barbara City College business class. Smith said she is looking for about $20,000 to back her business plan.

EVMatch is seeking more than that but could help electric vehicles find charging stations in countless driveways.

Some of the team members have earned graduate degrees at UCSB and Berkeley.

All of them hope to find the financial backing to launch their businesses.

For more information visit goletaentrepreneurs.com


comments powered by Disqus

Top Local Stories