The Los Angeles CleanTech Incubator (LACI) hosted the first site tour for 2018. The City of Los Angeles launched its cleantech business incubator to accelerate development of cleantech start-ups by offering flexible office space, CEO coaching and mentoring, and access to a growing network of experts and capital. LACI is the business equivalent of baseball’s farm system: it identifies local talent, nurtures it, and helps it get to market, resulting in more jobs and a bigger green economy in Los Angeles.
GBCSC Members learned about how LACI is supporting diversity and sustainability through start-ups. In addition to short product pitches by some of the companies located in LACI, GBCSC took a tour of the facility to see the office space and fabrication areas that companies use to make and test proto-type products.
LACI is a non-profit organization funded by the CRA/LA and the LADWP for the City of Los Angeles. In partnership with the city’s exceptional educational and research organizations – UCLA, USC, Caltech and Jet Propulsion Laboratory – LACI helps accelerate the commercialization of their clean technologies in addition to accelerating new products developed by independent entrepreneurs. LACI is a result of the Clean Tech Los Angeles (CTLA) alliance among the Mayor’s office, the City’s universities, the Los Angeles County Economic Development Corporation, the Los Angeles Business Council, the Los Angeles Area Chamber of Commerce, LADWP and the CRA/LA.