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The City of Temecula is excited to introduce the Temecula Valley Entrepreneur’s Exchange (TVE2)
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he goal of the TVE2 incubator is to assist innovative start-up companies who have a business plan in place and are poised to expand their company. The City is currently soliciting innovative companies that want to participate with the goal of growing their business and sparking job creation. Rather than focus on a specific industry for client businesses, applications are open to any innovative start-up that has the potential to grow their business, create jobs, and bring an innovative product to market within 2 years.
Riverside County. As partners to this venture, the Economic Development Corporation of Southwest California (EDC) and the Inland Empire Small Business Development Corporation (IESBDC) will have offices in the building to provide business counseling and services. In addition, the City has partnered with the Temecula Valley Chamber of Commerce, Cal State San Marcos at Temecula, and Mt. San Jacinto College on the project. TVE2 will also be developing advisor networks, leveraging the expertise of business professionals, and providing educational seminars.
The incubator program will provide an array of business support services and resources to client companies. The facility will be located at the former City Hall building at 43200 Business Park Drive. Furnished work stations and offices will be available for rent to companies accepted into the program. As a benefit, companies will receive mentoring and professional services, as well as the use of general office equipment and facility amenities, with no additional cost for utilities or building maintenance. It is also the goal of the program to expose client companies to potential sources of financing/investors. Companies are anticipated to participate in the program for up to 2 years – however, this may be shortened depending on the needs of each company, and to ensure that each company receives the maximum benefit of the program.
The City is currently seeking potential incubator clients to occupy the available space starting in November 2012. Applications for admission can be downloaded on the TVE2 website at www.tve2.org.
In addition to the incubator function, TVE2 will also be a Regional Business Resource Center that assists not only the companies being incubated, but also provides services and resources for many companies in Southwest
Additionally, the City is seeking qualified business professionals from the community who would be willing to serve as advisors and provide services to TVE2’s future clients. Sponsorship opportunities are also available and necessary to the success of TVE2 clients. A variety of sponsorship opportunities will be available and benefits will include access to advertising, networking opportunities, and educational tools that can help advance sponsoring companies. The Grand Opening of Temecula Valley Entrepreneur’s Exchange is set for November 3rd, 2012. Prospective sponsors, mentors and clients should contact Cheryl Kitzerow, Economic Development Analyst, at 951-694-6409 or via email cheryl. kitzerow@cityoftemecula.org and continue to check back to the TVE2 website for updates! S E PT E MB E R • O CTO B E R 201 2 | T e me cula Today | 2 1