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Innovation Month

An entire month is dedicated to innovation in Riverside County and will showcase many innovative and entrepreneurial activities and events. Great advances in technology, entrepreneurship and leadership are happening throughout Riverside County, as we leave the days of the pandemic behind and look towards the future. Please join us to highlight these successes and learn all that the County has to offer to support business growth!

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Here in Corona, we're building on the success of last year's fantastic regional Fast Pitch competition with many exciting, innovation-themed events throughout the month of April, including the 2022 Corona Regional Fast Pitch on Tuesday, April 5th.

The 1st place winner will receive $1,000 and a banner for their business, and they will go on to pitch at the Riverside County Finale in Temecula on April 27th.

The 2nd place finisher will take home $500.

 

Key Dates:

  • Application Deadline: March 30th
  • Corona Regional Fast Pitch: April 5th
  • Winners Announced: April 6th
  • Riverside County Fast Pitch Finale: April 27th

The application period is closed. If you have an innovation that you would like to present to our judges in 2023, and your business is located in Corona/Norco/Eastvale/Jurupa Valley, email Anthony@MyChamber.org to be added to an interest list. Click here to download the 2022 application form to see what is required.

2022 Greater Corona Regional Fast Pitch Entrants:

Corona Fast Pitch 2022 Flyer (1)
Fast Pitch-Meet our Judges cropped

Guidelines for Regional Fast-Pitch Event(s)

PLEASE READ ALL GUIDELINES PRIOR TO PRESENTING.

Eligible winners from the Regional Riverside County Innovation Month Fast Pitch Events in April 2022 will be allowed a pitch opportunity at the County Finale to be held in Temecula on April 27, 2022. One (1) representative in the County Finale will be chosen from each regional Fast Pitch Event. In addition, two (2) nominees from the Epic SBDC will participate in the County Finale.

 

To enter the Regional Fast Pitch Events in April 2022 for Innovation Month, YOU MUST:

 

  • Have a startup with a verifiable business presence in Riverside County; and
  • Have a minimal viable product, with sales, or early investment (less than $1M raised to date, not including grant funding); and
  • Submit an application to pitch in a Regional Fast Pitch Event panel; and Provide a 5-minute Fast Pitch for the Regional Fast Pitch Events; and
  • Provide a pitch deck prior to the event, PowerPoint slides will be allowed, but will not advance after the 5-minute mark in your presentation; and
  • There will be time for Q&A from the judges, but responses must be limited to 1 minute per response and no more than 5 minutes total; and
  • All entries must be screened by a panel of judges to determine eligibility; and
    Startup cannot enter in more than one regional fast pitch competition during Innovation Month and should present in the nearest regional pitch competition to their business; and
  • For submittal to Riverside County Finale Fast Pitch Event, preference will be given to businesses that are scalable, investable or technology based, whether or not they were the first-place winner of the Regional Fast Pitch Event.

 

To qualify for the Riverside County Finale Fast Pitch Event in April 2022 for
Innovation Month, YOU MUST:

 

  • Have a startup with a verifiable business presence in Riverside County; and
  • Have a minimal viable product, with sales, or early investment (less than $1M raised to date, not including grant funding); and
  • As a qualifier for the Riverside County Fast Pitch Finale, you are required to complete at least one (1) hour of training with UCR’s EPIC Small Business Development Center (SBDC). All trainings must be completed prior to the County Finale on April 27, 2022. This training will be free of charge and the SBDC will do their best to accommodate your schedule. If you would like further training through the SBDC, it is available to you at no cost; and
  • Pitch a technology focused business concept or a scalable business that presents a vision for repeatable growth. This company is not intended to be set-up as a non-profit company. The Regional Fast Pitch Events and the County Finale are designed to encourage start-up, “for-profit” businesses; and
  • Qualify under a Regional Fast Pitch Event, as previously described, sponsored by Riverside County Innovation Month or be a nominated tech startup by EPIC SBDC (two total). If less than four regional startups produce a qualifying startup submittal to the finale, then the balance will be made up by EPIC SBDC submissions.
  • Provide a 5-minute Fast Pitch Presentation for the Finale Fast Pitch Event with additional time for Q&A from the judges; and
  • Provide a pitch deck prior to the event, PowerPoint slides will be allowed, but will not advance after the 5-minute mark in your presentation.

 

Over $30k in prizes will be awarded at the Riverside County Finale Fast Pitch Event

 

How to Prepare for a “Fast Pitch” Presentation

NOTE: You cannot answer or address all of these points in 90 seconds or in 3 minutes – this is meant only as a guide.

• Have FUN and be passionate about your idea or product!

• Start with a “hook” – i.e., Get the attention of the listener.

• State the problem (pain/need) – from the point of view of your potential customers.

• How do you address the problem and what is your “secret sauce?”

• What is your Competitive Advantage? (How are you going to do it better, cheaper or faster, etc.?

• Is it disruptive?

• State your name, title, and company name. The title of “Founder” may be a good choice where you do not have any prior experience.

• Briefly tell what your company does.

• How big is the market and is your business scalable?

• How many people have this problem and would be willing to buy your product or service?

• How do you make money? What is your go to market strategy?

• Have you achieved a proof of concept?

• Who “believes in you” – mention any successes you have had so far that can bring credibility to your pitch?

• What is the revenue potential in terms of sales? You may also mention how much of the market you intend to capture (e.g., 5% in 3 years).

• The team is critical. Very briefly tell us about management team, any advisors and especially yourself.

• What have you already put into your venture in terms of money and sweat equity? How much money do you need and what do you need it for? Will you need additional funding?

• Close strong! Summarize how you have the complete “package.” Big problem, great solution (market ready), large potential market, outstanding management team, revenue generating customers with great margins.

 

Keep checking back for further news on Innovation Month at the Corona Chamber of Commerce! For a taste of what we got up to last year, see below.

The 2021 Greater Corona Regional Competition was held Thursday, April 8th.
Catch the replay HERE.

2021 Entrants:

2021 Innovation Month events in Corona

Friday, April 9 | 9:00-10:30am

Highlighting Innovators in our Region

Here are just a few of the many incredible businesses in our area!
Innovation Month Innovators 4 Mark Peabody
Innovation Month Innovators 5 Neha Arya
Innovation Month Innovators 6 Chris Hernandez
Innovation Month Innovators 7 Ryan Choura
Innovation Month Innovators 8 Jennifer Stewart
Innovation Month Innovators 9 Bill Steinkirchner
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