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The Next Big Idea: A Guide To San Diego’s Innovation Economy

San Diego Startup Week attendees at Quartyard in downtown San Diego, June 2016.

Photo by Nicholas McVicker

Above: San Diego Startup Week attendees at Quartyard in downtown San Diego, June 2016.

The Next Big Idea: A Guide To San Diego's Innovation Economy

GUEST:

Mike Krenn, founder, San Diego Venture Group

Transcript

It's Demo Day in San Diego.

That's an annual competition put on by EvoNexus, a startup incubator. Eight founders with promising ideas will pitch their companies to the region's startup community.

The companies at Demo Day are just starting out, but they're part of what San Diego business leaders and politicians like to tout as the region’s “innovation economy.” A report last year from the group CONNECT found one-quarter of the county’s economic activity comes from those high-tech companies. And more than 400 new startups are created here every year.

Over the next several weeks KPBS Midday Edition will delve into the stories behind San Diego startups: those that succeed, those that fail and what makes a city a good home for these economic drivers.

Mike Krenn is the founder of San Diego Venture Group, which helps fledgling companies grow and find investors. He joins KPBS Midday Edition on Wednesday to explain how startups go from idea to multi-billion dollar corporation and all the jargon investors tend to throw around.

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