Ross Tieman of the Financial Times highlights the challenges cleantech startups face, and the important role incubators can play. Here’s a short excerpt:
Fred Walti, executive director of LACI, says one of the key lessons since the incubator was set up in 2011 is that “clean tech isn’t media, the Internet or software. This is ‘deep tech’, with serious science and difficult problems. It is difficult to demonstrate market traction in a short period of time.”
For the full article, please visit FT at http://www.ft.com/cms/s/0/2c3b17b8-2c26-11e3-acf4-00144feab7de.html#ixzz2iaTO8Cyd
LACI Portfolio Company Chai Energy launched a free new iPhone app – Summer Saver – that helps you easily cut your utility bill.
Chai smartly tied the app to So Cal Edison’s “Save Power Days” which encourages customers to use less electricity when there’s high demand on the grid. With Chai’s Summer Saver app, you earn credits directly on your utility bill, saving up to $20 in a single day.
With reminders, predictions and savings tracking, what’s not to like? If you’re a So Cal Edison customer, try it out today for free.
Work is set to begin on the 3.2-acre La Kretz Innovation Campus in L.A.’s arts district, which will give the nonprofit 10 times more space to nurture start-ups…
Article by Catherine Green, Los Angeles Times