Startempire Weekly Round-Up: Plant Prefab nabs $30M Series B + California gets $1.5B more for pandemic relief program

By: Editorial Staff

• 

Aug 21, 2021

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Startempire Wire Weekly Round up

The week saw two huge funding announcements, one for Plant Prefab and the other for California’s pandemic relief program.

Before we soft-launched this week, two important events took place. One is where SCEIN granted $450k to UC Riverside for clean energy entrepreneurs. The other, well Lorenzo Mangolini, a UC Riverside materials scientist, obtained a $2M grant from the National Science Foundation. He aims to make quantum computers operational at room temperature. 

In another related development, Chaffey’s College Foundation got a $1.3M grant to help low-income Inland Empire residents upskill for in-demand skills like cybersecurity and industrial automation.

We don’t want startups in the Inland Empire to get discouraged by the latest rental prices data that shows it has become expensive to rent out property in Riverside. The county ranked highest in rental prices among the 50 largest metros in America. However, we did mention that a heated housing rental marketplace also creates opportunities for upstarts to offer digital services. After all, funding for your startup might not be an issue as big as it used to be a decade ago (This story comes out in the coming week).  

This brings us to the point that startup funding has massively evolved over the last decade as Equity Crowdfunding (ECF) opened it up to non-accredited investors. We wrote about the top equity crowdfunding platforms and some of the Inland Empire startups that got funded through these platforms.   

Click any of the links below to read the stories in detail.

Why a UC Riverside scientist obtained a $2M grant: It has to do with quantum computers.

Chaffey College Foundation gets a $1.3M grant to support IE’s youth upskilling needs.

Pros and Cons of Equity Crowdfunding Platforms and what IE’s startups got out of them

UC Riverside gets a grant of $450K from SCEIN

Plant Prefab lands $30M in Series B funding 

New Funding Rounds worth $1.5 billion for California’s pandemic relief program 

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