Day: November 3, 2021

LA Cleantech Incubator (LACI) calls for $1B global cleantech city pilot fund & announces LACI’s $50M US climate innovation funds to accelerate equitable climate action at COP26

Helping Cities Invite Innovation Through Global Pilot Fund & Creating Regional Collaboration Such as the Transportation Electrification Partnership Can Help Unlock $5T & Slash GHG Emissions by 35%; LACI Funds Include First in U.S. National Cleantech Debt Fund to Improve Access to Capital Particularly for Underrepresented BIPOC and Female Founders

During a panel session on Accelerating Equitable Climate Innovation and Action today, Brian Cox joined host and LACI CEO & President Matt Petersen, Phoenix, AZ Mayor Kate Gallego, Edison International SVP Caroline Choi, Audi of America Director of Government Affairs & Sustainability Spencer Reeder, and former California Air Resources Board Chair Mary Nichols to call for a $1 billion Global Cleantech Cities Climate Fund and announce LACI’s $50 million cleantech innovation funds–including the nation’s first ever cleantech startup debt fund–to accelerate equitable cleantech innovation in cities.

As identified in the December 2019 “Cleantech Cities” report released by LACI, PwC, and C40 at COP25 in Madrid, if cities can better invite innovation and remove barriers to funding for startups there could be a $5 trillion market created and and an increase in reduction of GHGs by 35% can be realized. Based on the strategies identified in the report, LACI’s Transportation Electrification Partnership partnered with the City of Santa Monica to invite corporate and startup innovations to work together to create the US’ first Zero Emissions Delivery Zone pilot in Santa Monica.

In issuing the call to create a $1B Global Cleantech City Pilot Fund and urging the modeling of regional public private collaborations such as the Transportation Electrification Partnership, Petersen discussed how cities & regions across the globe can: 

  1. Invite innovation from startups and corporates to reduce greenhouse gas emissions, improve services, and improve equity for underserved, disadvantaged communities who are overburdened with air pollution and climate impacts; 
  2. Co-fund pilot innovation (using budget and in-kind resources from cities and local governments) with Pilot Fund sources secured from federal governments, finance agencies, philanthropic sources, and possibly corporate dollars; and
  3. Scale successful solutions through needed policy and business model interventions

Please contact Regan Keller at laci@antennagroup.com to schedule an interview with Petersen.

Apply for LACI Startup Incubation Program Cohort 4

Apply Now for LACI Startup Incubation Program Cohort 4

Are you a cleantech startup striving to create solutions in energy, transportation, or smart cities that would benefit from hands-on support through market access, business services, and introductions to funders?

LACI has welcomed 35 startups into our ecosystem through our last three cohorts. Cohort 1 and cohort 2 founders have raised over $62 million in equity, including investment from LACI’s Impact Fund, and have deployed more than 10 pilots with eleven more on the way. Cohort 3 is just getting started! LACI is eager to welcome even more startups to the community and is now taking applications for Cohort 4 until December 17.

How does LACI identify leading technologies and startup innovation?
Based on the market activity in 2020/2021, LACI is looking for startups solving problems in Clean Energy, Zero Emissions Mobility, and Sustainable Cities

LACI is committed to advancing the transition of a zero-carbon, secure, and reliable grid to increase regional air quality, create more local jobs, and reduce emissions. The past year revealed community-wide vulnerabilities that have created opportunities in cybersecurity and wildfire resilience, flexible load technologies in collaboration with utilities, and integration of vehicle-to-grid and vehicle-to-building technologies to shorten the time when EVs use the grid. 

To build an inclusive green economy, LACI is also looking to support startup-led innovation focused on zero emissions mobility of people and goods. LACI’s Transportation Electrification Partnership (TEP) for example, works together with policymakers, corporate partners, and other private-public collaboration to help achieve the following goals in Los Angeles by the 2028 Olympic and Paralympic Games: 

  • Accelerate the adoption of electric light duty vehicles to be 30% of all vehicles on the road and 80% of those sold
  • Shift at least 20% of all single passenger vehicle trips to zero emissions public and active transportation
  • Ensure that 100% of all public investments in goods movement will advance zero emissions solutions

Using this roadmap, LACI wants to work with companies that can help utilize innovative technologies and solutions to make the movement of people and goods connected, shared, and electric. Some examples of these solutions include: Real-time data reliability and multi-modality, low-cost, high visibility mobility hubs for first/last mile mobility, zero emissions last mile urban goods delivery, and more.

LA’s New Green Deal of zero waste to landfill by 2050 is another example of the regional initiatives LACI supports through our startup leadership in our Sustainable Cities Program. Some solutions we’re focused on include digital tools and new business models to create equitable and circular value chains, next generation products and materials to reduce waste, zero waste goals and waste diversion. 

Apply now, scale later
LACI’s Incubation Program startups pave the way for climate innovation in Southern California. Companies like ChargerHelp! are training the next generation of tech engineers through LACI’s Workforce Development Program to move the needle forward on EV adoption, gaining interest from investors to close an oversubscribed seed round

We’re only 4 weeks in and Cohort 3 startups are forging relationships with their fellow cohort members, setting roadmaps with their Executive Coaches, and gaining insights on their roadmaps and milestones! 

Beyond the investment team, LACI’s Incubation Program Cohort model provides a community with hands-on curriculum, impact driven resources, industry connections and partnership pipeline, as well as direct feedback from individual Executive in Residence coaches and expert mentors. 

For Cohort 4, we’re looking for startups in our main technology priorities that are dedicated to making a positive impact on Southern California environmentally, socially, and economically. 

Founders who have built a novel technology that has deployed or is ready to be deployed in pilots should apply. Teams should include two or more members dedicated to incorporating diversity and inclusion through impact and creation of new jobs in the region.

Apply now and join LACI to scale faster and increase your impact in your community. If you’re unsure about your eligibility or have questions, please don’t hesitate to reach out to our Pipeline Team at pipeline@laincubator.org.