Los Angeles Mayor Eric Garcetti Announces “Mayor’s Cup” Competition for Local University Entrepreneurs

Citywide Competition to Explore Innovative Solutions to Foster Civic Engagement and Grow the Local Economy

LOS ANGELES--()--Los Angeles Mayor Eric Garcetti today announced the inaugural Mayor’s Cup competition, providing local university entrepreneurs the opportunity to explore innovative solutions to local civic challenges.

Supported by The Mayor’s Office of Budget and Innovation, the competition will focus on the following topics:

  • Civic Engagement
    • How can we support the enhancement and beautification of City Assets and Public Property?
    • What can we do with vacant, blighted, and city-owned properties in your neighborhood?
    • How can we build and preserve more affordable housing, including incentivizing public and private investors?
  • Local Economy
    • How can the City better connect everyday small business owners to the professional services and growth opportunities they need to thrive?
    • How can we grow the entrepreneurial ecosystem in L.A. to increase employment opportunities and provide skills to local workers?

The Grand Prize Winner will receive $25,000 and the opportunity to work with City Hall for eight weeks to develop their idea.

“Los Angeles is the creative capital of the world and home to innovators working to improve everything from communications and transportation to clean tech and manufacturing,” said Garcetti. “The Mayor’s Cup is a unique opportunity for the city to support these entrepreneurs as they apply their talents towards solving civic challenges.”

Other partners in the competition include the USC Lloyd Greif Center for Entrepreneurial Studies and L.A. City Partners.

Mayor’s Cup is an exciting program that brings together government and entrepreneurs in a way to explore how technology can make the city more efficient and productive,” said David Belasco, Co-Director and Adjunct Professor at the Lloyd Greif Center for Entrepreneurial Studies. “We believe that this competition will bring unique ideas to improve the lives of Angelenos.”

Additional information and entry forms can be found at https://lamc2016.startupcompete.co. The competition will culminate at a live presentation for Mayor Garcetti and select city and business leaders at USC on March 10, 2016.

Important competition dates are as follows:

               
December 14, 2015: Competition guidelines posted
January 29, 2016: Applications due
February 24, 2016: Finalists announced
March 10, 2016: Finalists will pitch Mayor Garcetti, Deputy Mayors and local business leaders in a live competition
April - May: Grand Prize Winner will work with City Hall to develop their project
 

ABOUT MAYOR ERIC GARCETTI

Eric Garcetti is the 42nd Mayor of Los Angeles. His "back to basics" agenda is focused on job creation and solving everyday problems for L.A. residents.

Garcetti was elected four times by his peers to serve as President of the Los Angeles City Council from 2006 to 2012. From 2001 until taking office as Mayor, he served as the Councilmember representing the 13th District, which includes Hollywood, Echo Park, Silver Lake, and Atwater Village -- all of which were dramatically revitalized under Garcetti's leadership.

ABOUT MAYOR’S OFFICE OF BUDGET AND INNOVATION

Headed by Deputy Mayor Matt Szabo, the Mayor’s Office of Budget and Innovation is responsible for balancing the budget as well as developing and implementing new tools and solutions to make government more cost-efficient and responsive.

ABOUT USC LLOYD GREIF CENTER FOR ENTREPRENEURIAL STUDIES

The Lloyd Greif Center for Entrepreneurial Studies at the USC Marshall School of Business is the nation's oldest integrated entrepreneurship program. Consistently ranked among the top programs in the United States and abroad, the Greif Center was named #3 by US News & World Report in its Best Business Schools 2016 rankings, and #4 worldwide by the Financial Times in 2015. With more than 68 courses taught by 27 professors and clinical practitioners, the Lloyd Greif Center for Entrepreneurial Studies is a leader in entrepreneurship education and research.

ABOUT L.A. CITY PARTNERS

Founded in 2014, LA City Partners matches businesses and private sector expertise to defined needs at L.A. City Hall, providing free, short-term professional services. For more information visit http://www.LACityPartners.org.

Contacts

For USC Marshall School of Business
Meg Aldrich, 213-740-9000
meg@talkcommunications.com

Release Summary

Los Angeles Mayor Eric Garcetti announces the inaugural Mayor’s Cup competition, providing local university entrepreneurs the opportunity to explore innovative solutions to local civic challenges.

Contacts

For USC Marshall School of Business
Meg Aldrich, 213-740-9000
meg@talkcommunications.com