ICIC's 2025 Innovation Summit: Ingenuity, Community, and Growth
LOS ANGELES, CA, May 12, 2025 (GLOBE NEWSWIRE) -- The Initiative for a Competitive Inner City (ICIC) kicked off the 2025 Innovation Summit on April 22nd in downtown Los Angeles with a Welcome Reception at the GRAMMY Museum, followed by a full-day conference on April 23rd, bringing together a diverse community of small business alumni, partners, and thought leaders for inspiring discussions and valuable insights. The summit's location in the heart of Los Angeles was meaningful, given the city's ongoing recovery after the recent wildfires and its role as the birthplace of ICIC more than 30 years ago. By gathering in this region, ICIC sought to contribute to the continued efforts to promote economic vitality and resilience in an area that has shown incredible strength and determination. Attendees embraced a distinct sense of collective strength and connection during this critical time, where collaboration and innovation are essential to driving business success.
Steve Grossman, CEO of ICIC, shared: "This event highlighted the resilience and strength of our community. Our collective commitment to innovation and growth continues to fuel small businesses and empower their success. Based on ICIC's research, we learned that the integration of AI into business practices is transforming how companies operate. This conference created an environment in which small businesses could access the training, technology, and sense of community they need to build and grow their businesses."
One of the key highlights was the kickoff of the Intuit More with AI Tour, which made its first stop at the summit. Attendees were given the chance to engage with AI-driven tools and explore how artificial intelligence can help small businesses improve efficiency, decision-making, and growth. The interactive sessions provided insights into how businesses can use AI responsibly to streamline operations and stay ahead in an increasingly competitive market. The Intuit More with AI Tour continues with upcoming stops in New Haven, CT and Boulder, CO, among others throughout the country.
Additional conference highlights included:
Keynote Addresses:
Do More with AI – Responsibly Grow and Scale Your Team and Business – Anoop Sreenivasan, Vice President, Go-To-Market Technologies at Intuit, kicked off the summit, focusing on helping small businesses adopt AI to enhance productivity and streamline operations.
Unlocking Success Through the Power of Innovation – Brandon F. Shamim, Founder & Chief Strategist at Ascendant Solutions, discussed how innovation is unlocking new pathways for success across industries.
Fireside Chat: Innovating for Social Good – Moderated by Jodie Lesh, Managing Director at Deloitte, with Laura Johnson from Kaiser Permanente, Vanessa Faggiolly from Amerisal Foods, and Andrew San Nicolas from Kingdom Causes Bellflower, this session focused on how institutions and local businesses are strengthening communities through innovation.
ICCC 20th Anniversary Celebration – Diego Portillo Mazal, Director of ICIC's ICCC program, celebrated the continued impact of the program, which has helped thousands of businesses raise capital and create jobs.
Business Growth Marketplace – Featuring small businesses from ICIC's alumni network, sponsors, and ecosystem partners, this marketplace provided an opportunity for collaboration and growth.
Gentler, Kinder Shark Tank-style Pitch Competition – The competition showcased innovative products and services from small business owners who received live feedback from a panel of expert judges.
Presentation of the Inaugural Intuit Innovation Award – The first-ever award was presented to Jones Software Corporation, recognizing their exceptional use of technology and innovation to drive business growth and impact.
The summit was filled with valuable networking opportunities, interactive workshops, and dynamic discussions, positioning attendees to return to their businesses with new ideas and connections to drive success.
We would like to express our heartfelt thanks to our funding partners, whose continued support makes events like the ICIC Innovation Summit possible. Their commitment to fostering innovation and growth in small businesses is invaluable. Thank you to Intuit, Kaiser Permanente, Bank of America, Chevron, FedEx, Regions Bank, Appleton Partners, Arctaris Impact Investors, Bain Capital, Boston Consulting Group, The Home Depot, East West Bank, and Santander for their vital role in advancing small business success.
About ICIC
Breaking barriers. Building businesses. Strengthening communities. The Initiative for a Competitive Inner City (ICIC) is a national nonprofit dedicated to helping under-resourced communities and small businesses thrive through programming and research. Founded in 1994 by Harvard Business School professor Michael Porter, ICIC provides executive education, coaching, technical assistance, and access to capital to more than 3,000 businesses across the U.S. and Canada each year. Through its research and partnerships, ICIC facilitates private-sector investment and economic development, creating opportunities for small businesses and local economies. Learn more at icic.org.
CONTACT: Sarah Ginand ICIC +1 617-803-4532 sginand@icic.orgSign in to access your portfolio
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The instructional materials walk users through a simple architecture: Condensation Unit : Mimics HVAC technology to extract moisture. : Mimics HVAC technology to extract moisture. Collection Basin : Channels water safely into storage. : Channels water safely into storage. Filtration Stage : Offers flexible options for standard water safety measures (charcoal filters, UV light, etc.). : Offers flexible options for standard water safety measures (charcoal filters, UV light, etc.). Solar Integration: Optional add-on for users seeking full off-grid capability. This system doesn't rely on proprietary hardware or expensive gadgets. Instead, it's intentionally open-source and adaptable, encouraging users to innovate based on available materials and regional humidity levels. Users can also scale the system to meet their needs, with some creating compact models for apartments and others building full-sized harvesting towers for small homesteads, showcasing the system's adaptability and resourcefulness. Key Features of the Aqua Tower System Modular Design : Built-in layers — users can upgrade over time. : Built-in layers — users can upgrade over time. Affordability : The total estimated build cost is often under $200. : The total estimated build cost is often under $200. Energy Flexibility : Compatible with both standard outlets and solar panels. : Compatible with both standard outlets and solar panels. Accessibility : Requires no engineering experience; built for laypeople. : Requires no engineering experience; built for laypeople. Transparency : No subscription fees, locked-in filters, or branded parts. : No subscription fees, locked-in filters, or branded parts. 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RV Travelers and Van Lifers : With portable solar power and a sealed reservoir, this water system serves as a practical mobile hydration option. : With portable solar power and a sealed reservoir, this water system serves as a practical mobile hydration option. Science Educators and Students : Teachers in STEM programs use Aqua Tower to illustrate environmental science, thermodynamics, and sustainable engineering in action. : Teachers in STEM programs use Aqua Tower to illustrate environmental science, thermodynamics, and sustainable engineering in action. Emergency Planners: Households preparing for natural disasters, power outages, or water shortages can add Aqua Tower to their readiness plans. In short, anyone who values self-reliance, resource innovation, or independence from clean water sources is a candidate for this system. 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The guide includes climate charts and workarounds, but physical limits still apply. Not a Medical Device : Aqua Tower is not a certified purifier. It's a guide to building a harvesting system. Users are responsible for implementing additional safety and filtration layers tailored to their specific water needs and local environmental contaminants. : Aqua Tower is not a certified purifier. It's a guide to building a harvesting system. Users are responsible for implementing additional safety and filtration layers tailored to their specific water needs and local environmental contaminants. Learning Curve : Although the instructions are beginner-friendly, users should expect to spend a few hours researching, sourcing parts, assembling, and testing their system. : Although the instructions are beginner-friendly, users should expect to spend a few hours researching, sourcing parts, assembling, and testing their system. Yield Variability: A basic Aqua Tower setup may produce anywhere from half a gallon to five gallons per day, depending on local humidity, airflow, and filtration. This realism helps build trust and attracts responsible users seeking functional tools—not hype or magical solutions. Frequently Asked Questions (FAQ) Q: Is Aqua Tower a product I can buy ready-made? A: No. Aqua Tower is not a manufactured appliance. It is a DIY educational blueprint and instructional resource designed to help you build a system independently. Q: How much water can it actually generate per day? A: Output depends on your local climate. In regions with 50–70% humidity, users have reported yields of 1–5 gallons per day. At night, even arid areas often reach dew point levels that boost collection. Q: Can it replace my entire household water system? A: It's best used to supplement emergency or essential hydration needs. While scaling is possible, Aqua Tower is ideal for drinking, cooking, and storage—not high-volume uses like bathing or laundry. Q: Can I use solar to power it? A: Yes. The guide includes options and configurations for solar integration, allowing users to keep their system running even when the grid goes down. Q: What tools do I need to build it? A: Most setups require a small drill, screwdriver, sealant, and basic airflow components. The guide provides a detailed checklist with sourcing options. Q: How do I filter the water? A: The guide includes several modular options for purification, including carbon filtration, ceramic filters, and UV light setups. You can choose based on your comfort level and local water safety data. Q: Can I run it indoors? A: Technically, yes, but optimal performance occurs in ventilated, outdoor, or semi-exposed environments where humidity is higher and airflow is steady. Final Thoughts: Water Freedom Begins Here The Aqua Tower system is not a consumer gadget—it's an open-source toolset for a more resilient future. It represents a philosophical shift in how people think about water: not as a commodity to be bought or piped in, but as a renewable resource that anyone can access with the right tools and knowledge. In a world of increasing scarcity and declining trust in centralized systems, atmospheric water generation is no longer a niche solution; it has become a vital option. It's the front line of survival literacy. And Aqua Tower is helping to lead that shift—not by selling hardware, but by offering transparency, accessibility, and empowerment. Whether you're preparing for emergencies, experimenting with off-grid living, or simply interested in controlling where your drinking water comes from, Aqua Tower provides you with the blueprints, flexibility, and education to make it a reality. 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