Union Bank Donates $25,000 to Miramar College Foundation

The San Diego Miramar College Foundation has received a $20,000 donation from MUFG Union Bank, N.A. to support student founders enrolled in entrepreneurship classes at Miramar College’s REC Innovation Lab. This generous donation will provide student founders with scholarships to help them pay for their startups’ expenses, such as technical assistance, permits, software, licensing, web development, and coding. This donation will have a profound impact on the lives of our students, enabling them to launch their businesses and realize their dreams.

The REC Innovation Lab is a startup incubator at San Diego Miramar College focused on helping individuals from diverse backgrounds and underrepresented communities start scalable businesses that address social problems and meet the needs of our local community. The program attracts students who are veterans, minorities, women, first-generation college students, and others who may have limited or no access to incubator programs. The REC also supports the entrepreneurship of diverse founders including immigrants and limited English proficient (LEP) individuals who may face significant employment barriers. The REC Innovation Lab offers an equitable training curriculum that makes entrepreneurship feasible and resources accessible for all students. The REC is devoted to providing critical resources and promoting the inclusion of entrepreneurs from diverse backgrounds and underrepresented communities so they can pursue their passions and develop businesses from the idea stage to completion.

REC Innovation Lab students receive resources for business and career development and training on cutting-edge technology, such as virtual reality and artificial intelligence. Students also receive access to the latest tools, and a broad and diverse network of industry experts and mentors to support the development of their businesses. Students also have opportunities to work with experienced grant-writers, professional videographers, and interns from various colleges throughout San Diego. Additionally, student founders have access to free technical and marketing services needed to launch a business and create pitch videos. Since launching in March 2020, the REC Innovation Lab has held more than 300 in-person and online workshops, events, and classes. As of March 2022, over 50 startup companies have been created through the REC. To this day, the REC Innovation Lab continues to help aspiring entrepreneurs transform their ideas into startups, ambitions into careers, and aspirations into realities. If you would like to learn more about the REC Innovation Lab, please view our website www.recinnovationlab.com.

The Miramar College Foundation also received another $5,000 from Union Bank to support its Invest in Success Fundraiser, which raises funds for the Miramar College Foundation Freshman Scholarship Fund.

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