Category: Press Coverage

2020 LA New Mobility Challenge Winners Announced

Last week’s LA New Mobility Challenge at CoMotion LA Live’s three-day summit saw over 120 entries from startups around the world, all competing with solutions in mobility or smart infrastructure. Ten semi-finalists were selected to pitch in the Goods Movement and the People Movement competitions seen worldwide.

After two dynamic pitch sessions, LACI CEO Matt Petersen and CoMotion Founder John Rossant announced the winners at the close of CoMotion LA Live.

SankofaCity won the “People Movement” category for its community pilot program that engages South Los Angeles communities of color to co-create zero emission first-last mile Multimodal Transportation Ecosystems. LACI recently worked with SankofaCity to launch our latest community mobility pilot in Leimert Park. 

Zeti HQ won the “Goods Movement” category and the grand prize of the LA New Mobility Challenge for its pay-per-mile digital financing platform to accelerate the adoption of EVs. Zeti HQ will receive an all-expenses paid trip to present at SparkLabs Korea DemoDay16 in 2021, the largest accelerator demo day in the world as well as three months of mentoring from SparkLabs partners or Venture Partners, the right to join Urban Movement Labs as a partner alongside mobility luminaries like Lyft and Verizon, and exposure to the LACI team and an opportunity to apply for its world-class startup incubation programs.

The panel of judges consisted of Alex Nesic (Drover AI), Amelia Armour (Amadeus Capital Partners), Anthony Ferguson (UK Department for Transport), Bernard Moon (SparkLabs Group), Beth Kigel (HNTB), Julia Thayne (Los Angeles Mayor’s Office) and Taj Ahmad-Eldrige (LACI). 

Semi-finalists in both categories presented impressive solutions, including MIMO Motor, Maxwell Vehicles, Flare Bright, ElecTorq Technologies, Dynamic Ideas Routing, Eli Electric Vehicles, Inc., BlueSpace.ai, inc., and TransforMax. 

 

LACI Incubation Program Cohort 2 Recruitment is Live

Over the past eight years LACI has worked with hundreds of startups companies to help them raise outside funding and gain traction in the market—empowering startups to increase their social, economic and environmental impact in their community. 

One year ago, we distilled our best practices, improved our curriculum and added benefits to create a premier cohort-based Incubation Program. Today, we are excited to open recruitment for our Incubation Program, Cohort 2, launching March 2021.

What’s LACI looking for in Cohort 2?

Our eligibility criteria remains the same as before, but our focus areas have been impacted by the dramatic events of the past year.  

Most obviously, COVID-19 has profoundly accelerated pre-existing societal changes. Remote work and e-commerce, for example, are nothing new, but they’ve seen explosive growth this year. For that reason, we are more bullish than ever before on zero emissions last mile urban goods delivery and remote-sensing for energy infrastructure.

The negative consequences of climate change became ever more apparent in 2020, especially in California. Raging wildfires and prolonged heat waves combined with other grid planning factors led to power outages and rotating blackouts that had not occurred since the 2001 energy crisis. This underscores the market opportunity for wildfire resiliency, flexible load technologies and vehicle to building solutions.

Finally, at the state level, California policy makers once again demonstrated climate leadership, including California Executive Order N-79-20. This landmark order requires not only that 100% of passenger vehicle sales be zero emissions by 2035, but also that signals that 100% of heavy-duty drayage truck operations be zero missions by then as well. This will open up new business opportunities for charging infrastructure for multi-unit dwellings and business models for electric heavy-duty truck infrastructure.  

Why should you apply?

Take a look at our Incubation Cohort 1 and how we’ve pivoted with our startups. Eight months in, we’re proud to say that Cohort 1 is thriving. ChargerHelp, for example, won the MIT Solve Digital Workforce Challenge. SparkCharge closed a $3.3M seed round, followed by making a successful deal on the season premiere of Shark Tank. NeoCharge launched the world’s first UL-certified Smart Splitter. Xeal became the first in the cohort to secure an investment from the LACI Impact Fund as part of their seed raise. And Power Day gave each of our startups the chance to share what concepts they’re piloting in the community. 

For Cohort 2, LACI is once again looking for startups that are investable based on founders, team, market, business model, technology innovation and competitive advantage; have a product that is ready to be  piloted; and are looking to increase their social, economic and environmental impact.

If you think you have what it takes to follow in the footsteps of Amply, Repurpose, Freewire or Ampaire, check out the application here.  Apply by January 8 for our March cohort intake. Not sure if your venture is a fit, or have questions about the program? Shoot an email to janine@laci.org or book a time to chat.

EV Showcase Pilot Project Findings can Accelerate the Adoption of EVs in the Workplace

Since 2015, the Los Angeles Department of Water and Power (LADWP), in partnership with LACI, has run electric vehicle (EV) pilot projects at LADWP’s La Kretz Innovation Campus (LKIC), home to 32 EV chargers and a 178.5 kW solar carport. The project, better known as the “EV Showcase,” seeks to monitor the environmental benefits of solar paired with EV charging, financial benefits provided to EV drivers, and public charging usage trends. The groundbreaking EV Showcase project, using LKIC as a living lab for clean technology, works with LACI portfolio companies such as graduated startup companies MOEV, Perch and Freewire to demonstrate the latest technologies for EV adoption. Since its inception, the project provides compelling evidence that public and workplace charging influences EV charging adoption and showcases the benefits of a tied-in solar/battery microgrid system with EV charging benefits. These findings reinforce that the goals set forth by LACI’s Transportation Electrification Partnership (TEP) can be reached by deploying clean energy solutions and EV infrastructure.

Setting Bold Goals 

Los Angeles has set bold sustainability goals in the Green New Deal for LA. Elevating these goals further, LACI’s Transportation Electrification Partnership (TEP)—an unprecedented multi-year partnership among local, regional, and state stakeholders to accelerate transportation electrification—created the Roadmap 2.0 to reduce greenhouse gas emissions (GHG) and air pollution by an additional 25% beyond existing commitments by 2028. To reach this goal, the following EV adoption rates must be met: 

  1. 30% of all cars are EVs, and 80% of car sales are EVs.
  2. 20% of all trips shift to public or active transport.
  3. All public investments into goods movement are zero emission. 

In addition, the Roadmap 2.0 calls for 84,000 public and workplace EV chargers in order to support 30% of all cars on the road being EVs. LACI’s pilots, such as the EV Showcase in partnership with and founded by LADWP, aim to inform regional sustainability initiatives that bring the TEP Roadmap 2.0 goals to reality. As the region sets its sights on these aggressive goals, there is a need to understand the incentives, public usage trends and environmental benefits behind workplace and public EV charging and the added benefits of pairing solar to offset power from the electric grid. The findings from the EV Showcase at LKIC can inform regional and utility supported programs that incentivize workplace EV charging, policy making and LADWP rate and infrastructure decisions. 

If You Build Them, They Will Come 

In November of 2018, 16 EV chargers were installed at LKIC, doubling the overall number of chargers on campus before the deployment. The installation included two direct-current fast chargers (DCFC) in collaboration with LADWP and EVgo, and 14 Level 2 chargers donated by LACI TEP member Greenlots. Before the installation, 16 Level 2 chargers on campus supplied ~6,100 kWh per month – enough power to fuel 18 EVs, based on average monthly vehicle miles driven1. With the additional 16 chargers installed, usage increased immediately and the average monthly demand for EV charging more than doubled throughout 2019. This resulted in enough fuel to power the average monthly vehicle miles driven by 43 EVs per month (~13,900 kWh). These adoption rates have also been incentivized by LADWP’s commitment to moving the needle on public and workplace charging. Level 2 charging on campus is offered free to campus members. By removing these financial barriers to EV adoption, in 2019 campus members collectively saved more than $38,000 compared to fueling costs of driving a gas vehicle the same distance. 

Furthermore, when building owners and parking lot operators deploy public EV charging at a workplace, not only will the employees use the EV chargers during the day, but EV chargers will also attract local and nearby EV drivers outside the workplace. For example, at LKIC, charging during evenings and weekends accounts for nearly half (48%) of all EV charging consumption, supplying enough power equivalent to the average annual distance driven to power an EV 20 times. The EV Showcase pilot also unveils interesting user preference findings due to the different types of chargers on campus. Findings from the EV Showcase suggest EV drivers prefer different charging capabilities (Level 2 or DCFC) based on the time of day and the day of the week. For example, 80% of all DCFC electricity consumption in 2019 took place outside of work hours, from 5PM – 8AM during weekdays and all day during weekends. In comparison, during weekday work hours, from 8AM to 5PM, 70% of all EV charging is consumed by the Level 2 chargers. The breakdown of charging consumption by time and type of charger is shown here on the right.

 

Pairing Solar with EV Charging Achieves Significant Greenhouse Gas Emissions Reductions

LKIC generates enough electricity from the 714 panel, 178.5 kW solar carport, to meet 100% of LKIC EV charging consumption, while also providing excess clean solar to the regional electricity grid. During 2019, solar generation on campus provided enough electricity to power 43 EVs annually. This carbon-free electricity equates to roughly 487,300 pounds of GHG emissions reduced. The conversion also equates to 24,871 gallons of gas avoided, the annual electricity consumed by 37 American homes, or the carbon sequestered by 246 acres of forests2. In addition, the solar carport generates 16,091 kWh more electricity than is needed for EV charging, sending additional clean electricity back to the power grid or to maintain the grid integrity of the La Kretz Innovation Campus through the synergy established through the battery energy storage system. 

 

EV Showcase Pilot Proves TEP Goals are Achievable

To achieve an additional 25% in GHG and air pollution savings beyond existing Green New Deal commitments, early adopters of workplace charging need confidence in deploying public EV charging to meet TEP Roadmap 2.0 2028 goals. At LKIC, charger deployments of this magnitude have already been met.

To achieve the TEP goal, that 30% of all cars in Los Angeles are EVs, and 80% of car sales are EVs by 2028, the TEP Roadmap 2.0 calls for 84,000 public and workplace charging stations by 2028. That translates to 2.2 charging stations per 100 employees (in an office building) in LA County3. At LKIC, with 256 employees and 32 chargers, there are 12.5 charging stations per 100 employees. LKIC has nearly 6 times more EV chargers than the needed amount to reach TEP goals by 2030. This infrastructure serves as the model for large scale commercial electrification plans.  

Los Angeles has just eight short years until the world arrives in our city for the Olympic and Paralympic Games in 2028; this is an incredible opportunity not only to have clean air and reduced GHG emissions, but also to highlight LA’s sustainability leadership. Leaders who adopt technologies such as EV charging and solar can accelerate EV adoption and reduce GHG emissions. Applying the learnings from pilot projects like the EV showcase are just one of the ways LACI is paving the path to an inclusive green economy. 

Water Tech Companies Are Springing Up in LA

In many areas of the world, there may be no more precious commodity than water — and that’s especially true in Los Angeles. So, it’s probably not surprising that L.A. has become a font of activity for companies looking to tap the water market in myriad ways. “I think Los Angeles is definitely a hub of water innovation because we have to (be),” said Matt Petersen, president and chief executive at downtown-based Los Angeles Cleantech Incubator. “We are dependent on water imported from hundreds of miles away to make the life we enjoy here possible,” he added.

LACI Announces Launch of Advanced Prototyping Center at La Kretz Innovation Campus

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Applications are now open to access the West Coast’s most advanced prototyping equipment and lab space available to the public.

 

Los Angeles, CA- November 2, 2016 – The Los Angeles Cleantech Incubator (LACI), a non-profit organization helping promising cleantech companies deliver market-ready solutions and further economic development for the City of Los Angeles, announces the launch of the Advanced Prototyping Center (APC) at the new La Kretz Innovation Campus in the DTLA Arts District. Significant discounts for memberships are being offered for the public to join a community of inventors, engineers, artists and entrepreneurs through the Advanced Prototyping Center’s What Will You Make Today? Indiegogo campaign.

The Advanced Prototyping Center, currently being used by LACI’s portfolio companies for product development, will open its doors to the public in January 2017. Applications are now being accepted for monthly memberships enabling innovators of all skill levels to bring their ideas to life. Use of the West Coast’s highest caliber facility for prototyping offers members the ability design, build, test, certify and manufacture products all under one roof. The facility includes an electronics lab, chemistry lab, cell lab, CNC center, waterjet center, welding shop, 3D printing shop, textile shop, material working center, use of premium CAD software, laser cutters, woodworking, measurement science equipment, assembly space, training centers and more.

“The diverse breadth and depth of capabilities within the Advanced Prototyping Center’s multiple labs and shops accommodate everyone from beginners wanting to learn about 3D printing to companies taking their product through prototyping and design to manufacturing,” states Brandon Iglesias, LACI Director of Engineering.

Tours of the Advanced Prototyping Center and product demos will be offered at the upcoming “Smart Prototyping: Turning Your Idea into a Real Product” MAKE IT IN LA event, taking place December 1, 2016 from 3:30-6:30 p.m. at the La Kretz Innovation Campus. The Advanced Prototyping Center is a coalition member of MAKE IT IN LA, Los Angeles Mayor Eric Garcetti’s region-wide initiative to connect and celebrate the nation’s largest community of makers, and will host the event on campus as part of the MAKE IT IN LA event series.

The La Kretz Innovation Campus is a place where entrepreneurs, engineers, scientists, and policymakers can collaborate, promote and support the development of clean technologies and LA’s green economy. The Campus, which is home to LACI and sits on 3.2-acres owned by the Los Angeles Department of Water & Power (LADWP), is LEED Platinum Certified and houses an ecosystem of thought leaders shaping a sustainable future for Los Angeles.

The Advanced Prototyping Center is managed by LACI and was made possible through funding from the City of Los Angeles, Los Angeles Department of Water & Power, U.S. Economic Development Administration and founding sponsorships from Autodesk, Eppendorf, Hyperloop Tech, EMD Millipore, Faro, SafetySpot.com, ProSIM, Dassault Systemes, ANSYS, Aproe, Reactwell, Trinity, Purple Platypus, Insight Systems Exchange, National Instruments and Advanced Industrial Solutions.

About LACI

The Los Angeles Cleantech Incubator (LACI) is a private non-profit organization helping to accelerate the commercialization of clean technologies by offering flexible office space, CEO coaching, mentoring, and access to a robust network of partnerships and capital. LACI was founded in 2011 as a cluster-driven economic development initiative supported by the City of Los Angeles, LADWP and the Community Redevelopment Agency of Los Angeles. Recognized as one of the most innovative business incubators in the world, LACI identifies local entrepreneurs across multiple cleantech business sectors and guides them to market, creating jobs that advance LA’s green economy. In just five years, LACI has helped 60 companies raise $80M in funding, created 1,150 jobs, and delivered more than $230M in long term economic value for the City of Los Angeles. LACI operates out of the La Kretz Innovation Campus with satellite offices in Northridge, CA and Silicon Valley and is the organizer of GloSho and founder of the Network for Global Innovation NGIN. For additional information, please visit: newlaci.staging.wpengine.com

Media Contact:

Laurie Peters

Communications Director

lpeters@laincubator.org

(M) 818.635.4101

(O) 213.358.6542

525 S. Hewitt Street
Los Angeles, CA 90013
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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.

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.newlaci.staging.wpengine.com.

 

LACI Ranked as Top 10 Global Incubator

The UBI Index has ranked the Los Angeles Cleantech Incubator (LACI) in its world-renowned list of top 10 university associated business incubators for 2014 from among over 800 candidates in 67 countries.

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“The Los Angeles Cleantech Incubator is one of the top business incubators in the world,” said Dhruv Bhatli, Co-Founder of UBI Index based in Sweden. “It provides exceptional value to its clients who have a higher survival and growth rate than the global average and become very attractive for buyers.”

Based on the one of the most comprehensive frameworks to measure incubator performance, UBI Index examines over 66 distinct criteria to determine each incubator’s economy enhancement performance, such as job creation and talent retention, value for their client base, such as access to funds and competence development, and the client’s post-incubation performance (see www.ubiindex.com for details).

City of Los Angeles Mayor Eric Garcetti said, “We’re pleased to see this global recognition for the LA Cleantech Incubator, one of the many reasons our city is attracting new innovative and sustainable businesses that grow our local economy.”

“It’s an honor to be selected as a global top 10 incubator, which validates how much we have achieved in less than three years,” said LACI Executive Director Fred Walti. “I’ve had the opportunity to visit many fine innovation institutions around the world as part of our Global Innovation Network initiative and we’re proud to be among this high-performance peer group.”

Combined with the world’s fastest growing sector in clean technology, incubation is widely recognized as being one of the most effective tools for economic development. As incubation and acceleration options grow, it is important for companies to understand what value they get from incubators.

The UBI Index ranking reinforces other significant milestones in Los Angeles this year for LACI: it was selected by the US Department of Energy as one of three incubators nationally to receive funding, it was highlighted by JPMorgan Chase as one of the leading small business clusters in the US, it has publicly launching its first satellite incubator, LACI@CSUN, and the 30 companies that have joined LACI have now raised over $50 million dollars.

The Goods, the BEEs, and the Ease

The Downtown Los Angeles skyline isn’t the only thing scaling up these days. The cleantech startup community here at LACI is doing really exciting stuff. Recent highlights include:
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A New BEE in the Hive

Hive Lighting’s high-performance, super-efficient breakthroughs for the lighting market continue with their new BEE Plasma Flood. The light delivers high-quality output comparable to (if not immensely better) than any conventional fixture… which you’d expect, until you learn it uses half the energy, weighs a mere 10 pounds, produces virtually no heat, is priced at or below competition. Jon Miller showcased the BEE to a receptive market at the NAB show:




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A Movement for Better Goods Movement

Current port and freight infrastructure feels a lot like AOL and the dial-up modem when you see the vision of GRID Logistics. SuperDocks, Freightways, and Terminals… smart and connected, and off the freeways. It’s easy to buy into their vision, and it isn’t as far away as you might think. GRID is working with CSUN on a $1.7M, 20-month feasibility study of the project, backed by an historic resolution of support from the Sierra Club advocating a multi-billion dollar transportation project. Add support from the Laborers, Teamsters, and Equipment operators unions, and this movement is gaining serious momentum. David Alba tells the story with RedB.




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Solar Made Simple – The Time Has Come

What if you could go solar, knowing that a trusted friend would not only help you understand what’s right for you, but also get you the best bids from the best installers, and make it easy? Oh, and they’d do it for free… you wouldn’t even need to buy them a drink. That friend is Pick My Solar, and we’re not the only ones that believe they’re awesome. They’re off to a running start, with happy customers and happy installers singing their praises.

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About LACI

Through its formalized support system, deep bench of expert mentors, strong network of investment capital and market sources, and pragmatic education and training, LACI assists nascent cleantech companies to navigate the difficult startup years. The results are new cleantech jobs among its portfolio companies, new environmentally responsible and efficient products and services on the market, and renewed interest among regional business and academic partners to continue supporting cleantech technologies.

LACI combines universities, research, government support, capital, entrepreneurs, corporate partners, and business association leaders in order to drive innovation throughout the regional economy. By summer 2015, LACI will move in to the state-of-the-art La Kretz facility, which will host a wide range of spaces that include offices, benches, wet labs, meeting rooms, event spaces, and an adjacent prototype manufacturing workshop.

In just over 2 years, LACI has incubated 30 companies that have received over $30 million in funding and have created over 300 jobs.