Are you an ambitious cleantech startup, hungry to create solutions in clean energy, zero emissions transportation, or smart and sustainable cities that would benefit from hands-on support through market access, business services, and introductions to funders? If yes, then apply for the two-year, Incubation program!
Donor Name: Los Angeles Cleantech Incubator
State: California
County: Selected Counties
Type of Grant: Training or Mentorship
Deadline: 12/20/2023
Size of the Grant: $100,000 to $500,000
Grant Duration: 2 Years
Details:
LACI helps startups develop their technologies, secure funding and financing, access customers and markets, test and pilot their solutions, and unlock their full potential. The startups go further, faster, together with LACI!
Benefits
- A 45-hour advanced curriculum based on LACI’s decade-plus experience across hundreds of cleantech startups. Study impact-focused business roadmapping, building your team with inclusivity, customer acquisition, and creating a strong legal foundation for business growth and investment readiness.
- One-hour weekly advisory with a dedicated Executive in Residence, who provides coaching, accountability, and mentorship to define business milestones.
- Up to $500,000 in equity funding and debt financing through LACI’s Impact Fund and Debt Fund.
- Investment-preparation advisory services from LACI Investments Team, including our Senior Director of Investment Relations who has helped startups raise over half a billion in funding from investors like Energy Impact Partners, Mark Cuban Companies, Blackrock, Trucks VC and others.
- Access to $160,000 worth of perks & platforms to support fundraising efforts (e.g. Pitchbook), grant solicitations, news publications, and product development tools (e.g. SolidWorks, Autodesk).
- Present at annual Power Day pitch and showcase event in front of 200+ attendees and 100+ angel, venture capital, corporate strategic, and family office investors in addition to corporate, public utilities, and various government agencies.
- Opportunities to meet relevant investors and partners through events like monthly LACInvestor Talks.
- 25% to 50% discounts on desk space or private office memberships at the La Kretz Innovation Campus and Advanced Prototyping Center in Downtown Los Angeles.
- Free hot desk membership and 25% to 50% discounts on private office memberships at the La Kretz Innovation Campus and Advanced Prototyping Center in Downtown Los Angeles.
Eligibility Criteria
- Have a cleantech solution that addresses Clean Energy, Zero Emissions Transportation, or Circular Economy with a focus on Smart & Sustainable Cities.
- Have a significant operations or sales presence in Southern California with founder or key executive able to attend meetings, workshops, and events on campus periodically at least four times in the first six months.
- Commit to all curriculum and mentorship opportunities during the first six months, approximately three to five hour weekly commitment.
- Preferably have two full-time employees and a strategy to grow the team in Southern California.
- Own or hold license to a novel proprietary technology.
- Have a working prototype (TRL 4+).
- Need funding assistance for pilot execution, beyond sole purchase of technology or product.
- Agree to a 1.5-3% equity stake in the form of a warrant with the opportunity to earn back through achieving impact milestones.
Evaluations Are Based On
- Technology type, innovation, and credibility.
- Investability of a startup based on their market, business model, technology, and competitive advantage.
- Environmental and community impact of the solution. Potential for the startup to grow their team, operations, and sales in Los Angeles.
- Founder and team coachability, experience, and commitment.
- Startup commitment to diversity, equity, and inclusion.
- Overall fit of startup and team within the LACI community.
For more information, visit LACI.
