General Blog Discussion

UPDATE: The US-India Cleantech Opportunity – Global Workshop

We are very fortunate to have the participation of several eminent business leaders from India, who will be participating in the event remotely via Skype. These participants will be available for Q&A following their remarks.

The US-India Cleantech Opportunity Global Workshop

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Presented By:

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Hosted By:

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The US-India Cleantech Opportunity – Global Workshop

JUNE 26, 2015

9:30-12:00 PM
411 South Hewitt Street, Los Angeles, CA 90013

Lunch to Follow

Get Tickets Now!

Prime Minister Narendra Modi is committed to building a clean energy future for India. India’s solar and wind programs have already catalyzed remarkable growth. In just four years, India’s solar market has grown more than a hundredfold, exceeding 3 GW of installed solar energy. With 250 GW of total installed energy currently and a need for much more power, scaling up solar and wind energy projects is a win-win strategy.

Water scarcity is a major issue in India. The nation’s population is expected to swell to 1.6B by 2050. The Modi government has committed to making water security a national priority. This new emphasis will also present the need for massive investments in infrastructure which will present tremendous business opportunities as well.

A panel of experts will discuss the business opportunities that these large scale initiatives present at “The U.S.-India Cleantech Opportunity Workshop.”

Discussion Includes:

• The transformation of the Indian power sector

• India’s push to promote renewable energy

• Water infrastructure investments

• How government policy drives innovation and project development

• Opportunities for international collaboration

• An exploration of “Digital India”

Speakers Include:

Rajit Gadh
Professor
UCLA, School of Engineering
Executive Director, UCLA Smart Grid Energy Research Center (SMERC)

Sanjeev Thakkar
VP Business Development
TEKPEA, Inc.

Sumit Bhatnagar
CEO
GreenBrilliance

Harina Kapoor
Founder
AIKYUM, Inc.

Ria Banerjee
CEO
We Think Global, Inc.

Brinda Gandhi
Attorney
Chugh Firm, LLP

Parking Information
Free parking in lot behind LACI, first come first serve basis. If lot is full, street parking is available on 5th, Colyton, Hewitt St.

Contact Info
Ria Banerjee
ria.banerjee@wethinkglobal.com

Tours, talk, and tech: Three elected officials visit LACI

LACI, hosted three elected officials at its headquarters in the Arts & Innovation District in Downtown LA and at its bimonthly Leadership Council meeting. Los Angeles City Councilmember Tom LaBonge (CD-4), California Secretary of State Alex Padilla, and California State Senate President Pro-Tempore Kevin de Leòn (SD-24) visited LACI

Pick My Solar wins SBA’s “Outstanding Small Business” award for 2015

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LACI Portfolio Company Pick My Solar was named this year’s “Outstanding Small Business” on May 4th at Los Angeles City Hall. Presented by Mayor Garcetti as part of LA Small Business Week, the recognition comes from the U.S. Small Business Administration‘s Small Business Development Center.

Pick My Solar was founded in 2013 and joined LACI that same year. With backgrounds in engineering, Co-Founders Max Aram and Chris Blevins have always felt passionate about solar power, both from scientific and environmental perspectives. When they entered the solar industry after college, they realized that a major obstacle to broad-based industry growth was confusion on the part of consumers over the purchasing, bidding, and financing of solar power. Max and Chris then created Pick My Solar, which serves as an online marketplace, to simplify the process, drive down costs, and provide transparency for homeowners.

Since it’s founding just two years ago, Pick My Solar has assisted over 10,000 homeowners with solar pricing, data, and installation.

This award from Mayor Garcetti and the Small Business Administration adds to an exciting list of recognitions the company has received this year, including winning a U.S. Department of Energy grant for app development and being highlighted on KTLA’s “Money Smart” segment.

LACI’s President & CEO Fred Walti commented on the award, saying

Pick My Solar is a great example of a company harnessing the innovative, entrepreneurial spirit here in the LA region. Not only are they making a positive environmental impact through the services they offer, they’re saving homeowners money and contributing to the increase in home solar installations, which helps created jobs in LA’s green economy. Here at LACI, we’re proud to have Pick My Solar as one of our Portfolio Companies and know they will continue to succeed as they expand throughout the Southern California market.

To learn more about Pick My Solar and how they can help you go solar in a simple, affordable way, visit their website.

If you’re interested in putting LACI’s tools and networks to work for you and your business, apply to be a Portfolio Company here.

Earth Day 2015: A new partnership for innovation between LACI and Greentown Labs

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LACI partnering with Somerville, MA’s Greentown Labs to expand resources and market access for cleantech startups

Earth Day 2015 marks the beginning of a bi-coastal partnership between the two leading cleantech incubators in their respective markets. LACI and Greentown Labs have signed an agreement fostering collaboration between the Los Angeles and Boston area cleantech ecosystems to benefit early stage environmentally focused companies.

Greentown Labs is the first domestic partner to join LACI’s Network for Global Innovation (NGIN), which brings together innovation institutions around the world aimed at accelerating the commercialization of clean technology on a global scale.

“LACI is very excited to welcome Greentown Labs into the Network for Global Innovation family”, said Fred Walti, President and CEO of LACI. “They are an outstanding example of an incubator building significant cleantech companies and getting them successfully into the market. We’re excited and honored to have them join the rest of NGIN partners in Mexico, Finland, Germany, Italy, China, and Japan”.

In addition to exchanging best practices between startup ecosystems, the collaboration will also allow early stage companies to access each organization’s network of potential investors, customers, and partners. As part of the agreement, LACI and Greentown Labs are both hosting “Landing Pad” programs, a component of NGIN designed to help cleantech entrepreneurs enter NGIN members’ markets in a structured, cost-effective, and risk-mitigated way.

 “We see our partnership with LACI as critical to our startup companies, providing connections to new investors in new markets, both nationally and internationally”, said Greentown Labs CEO and Executive Director Emily Reichert.

LACI and Greentown Labs will offer office space, mentor and advisory services, networking, and showcase opportunities to each incubator’s portfolio companies, providing the foundation for successful market expansion for cleantech entrepreneurs. To date, NGIN partners in Beijing, Berlin, Los Angeles, and now the greater Boston area have Landing Pad programs available to cleantech startups in the network.

LACI’s mandate in “the pLAn” – Mayor Garcetti’s Sustainability Roadmap

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LACI’s Fred Walti with Mayor Garcetti

On April 8th, Mayor Eric Garcetti unveiled a landmark Sustainable City Plan outlining a set of wide-ranging goals and directives to improve Angelenos’ environmental and economic quality of life. The plan outlines 13 specific areas for improvement, ranging from local water and energy efficient buildings, to mobility & transit and livable neighborhoods.

“We expect at least 500,000 more people to call Los Angeles home by 2035. So the question before us… is how can we improve our city today, and ensure future generations enjoy a place that is environmentally healthy, economically prosperous, and equitable in opportunity for all?”, asked the Mayor in his opening letter, reflecting the plan’s overarching framework of “environment, economy, and equity”.

In the Prosperity and Green Jobs section, the $50 million dollars of private investment raised by LACI portfolio companies  is cited as an example of “LA’s Leadership To Date”. The plan calls for $100 million in green investment by 2017 through LACI specifically – and $2 billion by 2035 for the city of Los Angeles generally – towards the goal of creating more green jobs in LA than anywhere else in the country.

In an interview cited in the Los Angeles Times, LA’s Chief Sustainability Officer Matt Petersen emphasized the need for multiple sectors to work together in order to reach the plan’s objectives, “If we don’t take the step to set targets, and measure progress to achieve those targets, how will we send the signals to the private sector, to the universities, that this is important as a community to come together? There are things we can do, but we can’t do it alone”.

LACI’s President and CEO Fred Walti commended the Mayor’s initiative, and is confident that LACI will rise to the occasion:

The Mayor’s Plan is a breakthrough document that shows what a major city can do when it makes up its mind to do something about our environment. It’s both comprehensive and remarkably detailed. LACI’s role is to develop the companies that will help make the plan’s implementation feasible and cost effective. Innovation is the key ingredient that will make LA a huge green economy. LACI finds, trains, and assists cleantech start-ups in achieving market success, thus providing the technologies that are so essential to a sustainable city. 

As a public-private partnership between the private sector, government and academia, LACI works with the various stakeholders mentioned by Matt Petersen to strengthen LA’s cleantech and economic ecosystems for a sustainable and prosperous future. We look forward to continuing towards these goals, and doing our part to make the Mayor’s Sustainability Plan a reality.

Announcing LACI @ ProspectSV

LACI@ProspectSV offers early stage support for promising clean technology companies designed to prime pilots and increase market adoption throughout California.

February 19, 2015 (Silicon Valley, CA) – Prospect Silicon Valley (ProspectSV) and the Los Angeles Cleantech Incubator (LACI) are excited to announce the launch of LACI@ProspectSV, results-oriented help for promising early stage companies that augment ProspectSV’s state-of-the-art Technology Demonstration Center and commercialization programs with LACI’s world-class incubation platform.  The LACI@ProspectSV initiative is part of the broader US Department of Energy (DOE) funded California Cleantech Commercialization Coalition (4C), the first statewide partnership to provide comprehensive support to clean energy startups.

ProspectSV is leading the way as a California commercialization catalyst for emerging clean technology companies that are ready to bring their product to market.  Their 23,000 sf facility supports leading technology pilots and demonstration projects, and has become a headquarters for product refinement, testing, and commercialization.  In addition, ProspectSV builds partnerships to leverage infrastructure as “living laboratories” for next-generation technology, providing a world-leading stage for investors, potential customers, global corporate leaders, and government policymakers to see innovation in traffic, vehicle, building and energy technology in action.

To help further meet the demands of many emerging companies, and to prepare them to leverage the substantial assets of ProspectSV, LACI will offer its incubation support to emerging companies at ProspectSV facilities.  In turn, ProspectSV will offer its facilities and expertise to help the companies that LACI currently serves in southern California.

“We are thrilled with this important partnership, and to be part of the 4C team representing California,” said Doug Davenport, Executive Director of ProspectSV, “Working together, our programs will make a great impact on emerging technology coming out of this part of the country and will create a model that can be used globally.”

“Connecting the best organizations across California, which serves as the global model for cleantech innovation, is the logical evolution of our cluster,” said Fred Walti, Executive Director of LACI.  “Together, we can better support the best young companies and see greater adoption in global markets.”

LACI is designed to help early-stage cleantech companies to deftly navigate the difficult startup years through its formalized support system, deep bench of expert mentors, strong network of investment capital and market resources, and pragmatic education and training, Named a UBI Global Top 10 Incubator in 2014 in just its 3rd year operating, LACI has formally incubated 30 companies that have secured over $50 million in funding and have created over 450 jobs.  LACI@ProspectSV is its second satellite, following the successful launch of LACI@CSUN in 2014.

This partnership between LACI and Prospect SV is a vital bridge between innovation and commercialization partners across California as part of the broader US Department of Energy (DOE) funded California Cleantech Commercialization Coalition (4C).  The 4C is the first statewide partnership to provide comprehensive support to clean energy startups, offering clean energy innovators a unique suite of full-spectrum, long-term support services to help them bring promising clean technologies to market, including best-in-class:

By unifying industry-leading incubation, prototype manufacturing, commercial-scale pilots, and market-entry programs, the 4C substantially de-risks an inherently risky sector, facilitating investment from a wide array of capital sources in California, the top clean technology market in the nation.  For information on the 4C, please visit http://4c.laci.org

About Prospect Silicon Valley (ProspectSV)

Prospect Silicon Valley (ProspectSV) is the first nonprofit, Silicon Valley-based technology commercialization catalyst for smarter, cleaner cities globally. ProspectSV supports emerging technology companies with access to facilities, platforms, partners, and market connections, including its Demonstration Center, a $12 million, 23,000 sq. ft. facility with industrial and lab space, office and meeting rooms, promotional space and commercialization support staff. ProspectSV includes market connections and early adoption in the municipal sector through the Bay Area Climate Collaborative, a unique public-private partnership assisting communities across the Bay Area in taking on their biggest challenges in reducing carbon emissions.  Learn more at www.prospectsv.org.

About the Los Angeles Cleantech Incubator (LACI)

LACI is a non-profit, public-private partnership that helps promising companies deliver market-ready cleantech solutions and the jobs that come with them. LACI combines capital, universities, research, government support, entrepreneurs, corporate partners, and business leaders in order to drive innovation throughout the regional, state, and global economy.  Recognized as a Top 10 Global Incubator in 2014 by UBI, in its first three years LACI has helped 30+ companies who have raised $50+ million and have created 450+ jobs.  Learn more at www.laincubator.org.

 

The Advanced Transportation Center of Southern California is open for business at LACI

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Center established through California Energy Commission funding to drive regional clean vehicle innovation

The Los Angeles branch of The Advanced Transportation Center (ATC) of Southern California is open for business, housed at LACI. The ATC, along with LACI, will move its operations into the 60,000 square foot La Kretz Innovation Campus later this year. The center is being funded by the California Energy Commission in order to advance the adoption of alternative fuels and advanced vehicle technology on both a producer and consumer basis.

Southern California already boasts tremendous assets in driving the consumer side of the advanced transportation market. Our goal with this critically important center is to also leverage these assets to ensure that we’re a leading developer, designer, and producer of these lower-emissions technologies to add the high-value jobs and wages as well as the tax revenues that will result from a thriving advanced transportation cluster”, said Bill Allen, President and CEO of the Los Angeles County Development Corporation, which is leading the LA initiative.

The Advanced Transportation Center of Southern California consists of a virtual hub and two physical locations. The Los Angeles branch serves Santa Barbara, Ventura, and LA counties. Imperial, Orange, and San Diego counties are served by the San Diego branch, operated by the Southern California Center for Sustainable Energy. Other partners receiving ATC-related funding include the UCLA Smart Grid Energy Research Center, UCLA’s Luskin Center for Innovation, the Advanced Sustainability Institute, California State University, Los Angeles, and the Inland Empire Economic Partnership.

For questions or services related to the advanced transportation industry, contact:

The Los Angeles Center 411 S. Hewitt Street, Los Angeles, CA • losangelescenter@advancedtransportationcenter.org • 213.444.0153

The San Diego Center 9325 Sky Park Court #100, San Diego, CA 92123 • sandiegocenter@advancedtransportationcenter.org • 858.244.1177

For updates on ATC programs and initiatives, subscribe here

LACI awarded Wells Fargo Clean Technology and Innovation grant

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Part of $4.5 million grant program to foster economic development and accelerate the global green economy 

LACI was recently selected as part of Wells Fargo’s Clean Technology and Innovation (CTI) program, designed to “inspire innovation from entrepreneurs and fund those working on critical environmental issues”.  Application to the CTI program is through invitation only, and LACI is honored to receive this recognition by the Wells Fargo team and the community and industry stakeholders who referred us.

“We’re pleased to announce LACI as a recipient of Wells Fargo’s environmental grant program to help provide long-term solutions to the world’s environmental challenges”, said Ashley Grosh, head of Wells Fargo Environmental Affairs Clean Technology program. “Wells Fargo recognizes that the health of our environment is critical to fostering more sustainable communities today and for years to come”.

Grants were awarded based on the economic, social, and environmental impact of applicants’ proposals and work. The Clean Technology and Innovation grant funds projects specifically related to renewable energy and energy efficiency, greener buildings, alternative transportation, water quality and resources, and sustainable agriculture. LACI competed in the “Accelerator/ Incubator/ Business Plan” subset of the CTI program. Specific guidelines and criteria can be found here.

Other grant recipients included LACI Leadership Council member California Institute of Technology (CalTech), Duke University, the Urban Land Institute, and LACI 4C partners Prospect Silicon Valley and Cleantech Open. Check out the Wells Fargo Environmental Forum blog for the full list of recipients.

Thanks again to Wells Fargo and congratulations to the other organizations chosen to be a part of the Clean Technology and Innovation program. We’re excited about this recognition and look forward to working towards the common goals of  economically thriving communities and a more sustainable future.

 

A Brief Look Backward, and a Million Thanks

At the end of 2014, LACI quietly celebrated its 3-year anniversary. Collectively, we’ve accomplished a lot in a short amount of time… a testament to the amazing people building companies, providing help, and backing up their commitments to realize a sustainable and efficient world with their actions.

LACI 3 Year Anniversary

Today we take a moment to breathe and acknowledge this great family. Thank you to the young companies that put their trust in us to help them grow. Thank you to our partners, funders, sponsors, mentors, and volunteers. Thank you to the great staff here that puts everything they have into their work. Thank you to this great City of Angels. We’re grateful, and more committed than ever to get better and better at the business of helping promising clean technologies and services reach the market and thrive.

Below are some highlights from last year.  Awesome stuff.

Now, back to work!