Shark Tank's Richard Elden Receives Inspiration Award

Richard Elden was presented the Inspiration Award at the 2017 Entrepreneur Awards in Los Angeles recently (Staff Photo).

LOS ANGELES, Calif. – Fresh off his appearance on ABC's "Shark Tank," Richard Elden creator of the Smart Cart, the innovative collapsible cart was presented the Inspiration Award at the 2017 Entrepreneur Awards.

“I am very thankful and honored to receive this award,” said Elden, founder and president of dbest products Inc. “It has been our goal to be creative, innovative, inspiring and most of all of service to those need quality products like the Smart Cart and its sister product, the Trolly Dolly.”

Elden received the award at the event hosted by The World Networks in Los Angeles. Among those honored were legendary DJ/Music Producer Paul Oakenfold and reality star Kelly Nishimoto of TLC's "Something Borrowed, Something New."

Known as the creator of the Smart Cart, which resembles large wheeled luggage cart, Elden has created an entire industry with carts that have become an indispensable to working and stay-at-home mothers as well as professionals like lawyers, marketing experts, business executives and others who must carry books, ledgers, laptops, overhead projectors and more.

Elden is also recognized for his Feb. 3 appearance on ABC’s “Shark Tank” where he pitched a panel of billionaire investors to back his effort to grow his company and expand its reach into more “Box” stores like Walmart, Home Depot and others. Ultimately, Elden secured a $350,000 investment that will go toward expanding his brand into a multinational powerhouse.