Los Angeles Cleantech Incubator (LACI): The Evolution from Cleantech Incubator to Global Ecosystem Mike Swords VP Partnerships
History PPP Founded by City of LA in October 2011 Mission: To revitalize industrial core through the creation of a cleantech cluster = Cleantech Corridor Independent non-profit, run by entrepreneurs, partnering w/ladwp and the City of Los Angeles Year 1 = 5 employees / Year 5 = 25 employees Temporary venue: 3500sf New facility: 60,000sf (30,000 for LACI + 30,000 for labs/demonstration space/prototyping space
Key Stakeholders City of LA Mayor s Office LA Department of Water & Power (LADWP) UCLA, USC, Caltech, JPL, Cal State Northridge (CSUN) Los Angeles County Economic Development Corporation (LAEDC), LA Chamber of Commerce, LA Business Council (LABC) Los Angeles County State of California Federal Government Port of Los Angeles, Metropolitan Water District (MWD), SoCal Gas Company, Southern California Edison (SCE) Industry partners Financial institutions (JP Morgan, Wells Fargo)
Sources of funding City funding State funding Federal funding Corporate sponsorship Contract for hire Philanthropy Events Tenant fees Equity stake in companies
Coaching/Mentoring Hold portfolio company CEOs accountable for planning weekly activities for weeks ahead and accomplishing tasks in the prior week. Discuss problems and resource requirements to determine what assistance LACI can provide to get those resources. Perform a deep dive into one or more emergent issues faced by the CEO. EIRs use weekly meetings to review strategic milestones identified in the most recent Quarterly Business Review for progress and issues.
In house services Accounting and finance Corporate legal Intellectual property legal University relations Government and utility networks Marketing and branding Communications Sales support and training Human recourses, including legal support Diversity issues Community outreach
Technologies Energy efficiency Energy storage Home energy management Online solar marketplace Efficient lighting Advanced transportation Goods movement Water leak detection Electronic waste recycling Sustainable consumer goods Controlled environment agriculture
Technology Cluster Initiative Energy Generation and Storage Transportation Built Environment Water Agriculture Waste & Sustainable materials
Results Launched in October 2011 60 Portfolio Companies served since launch; 40 currently active $78M+ raised by Portfolio Companies 1150+ direct and indirect jobs created $230M+ estimated 5-year overall economic impact on the LA region PC Projected Revenue for 2016: $67M 8 Executives in Residence 100+ mentors and advisors 3 satellite campuses (CSUN, Silicon Valley & Mexico City) Launched international NGIN program in 2014; currently 17 marquee partnerships in 15 countries
THE LA KRETZ INNOVATION CAMPUS 60,000 Sq. ft. Incubator, Labs, Prototyping, Learning
La Kretz Innovation Campus 3.2 acre footprint 60,000sf under roof/ 30,000sf for LACI LACI = 230 desks/100+ companies/organizations Advanced Prototyping Center (APC) Electronics lab Chemistry lab Welding shop Water Jet 3-D Print shop Robotics lab Training center (40 & 30 person classrooms) Digital prototyping center Microgrid R & D center LADWP Customer engagement center
NGIN Programs Reciprocal Landing Pad Programs NGIN Tools (programs and software) Commercialization Best Practices Technology Research Projects Global Showcases Ecosystem Enhancement Projects 15
International Landing Pad Program One month program to enter the LA/California market Dedicated office space at LACI in Cleantech Corridor Downtown Los Angeles Center of all cleantech activities LA/California Market Boot Camp Market analysis/customer Identification Network with potential partners, local government, trade associations, academic institutions, etc. Help establishing your establish your US Management Team 16
NGIN Members MaRS (Toronto, Canada) Tekes/Finpro (Finland) Borderstep Institute (Berlin, Germany) Italian Trade Agency (Rome, Italy) Progetto Manifactura (Trento, Italy) Environment Park (Torino, Italy) Innospace (Shanghai, China) Azure International (Beijing, China) AmCham China (Beijing, China) Tsing Capital (Beijing, China) TIS Union (Beijing, China) TX Entrepreneur Partners - TEP (Kashiwa, Japan) Green Momentum (Mexico City, Mexico) We Think Global (New Delhi, India) T-Hub (Telengana, India) Center for Innovation and Incubation CIIE (Ahmedabad, India) Greentown Labs (Boston, United States
40,000sf of maker space Created the Cleantech Challenge, Latin America s top green business plan competition Support for Mexico s Energy Sustainability Fund and the Mexico United States Entrepreneurship and Innovation Council (MUSEIC)
Supporting 61 companies to begin to attain the following goals: Mitigate almost one million tons of CO2 to protect/avoid loss of 31,000 acres of forest. Install up to 120MW of off grid power capacity, providing additional access to up to 265,000 Ethiopians and 56,000 households. Provide access to clean water to up 420,000 Ethiopians and 90,000 households including preventing up to 170 deaths from water born disease. Provide better/cheaper food for up to 430,000 households and improve the efficiency of up to 120,000 small scale farms.
GloSho 15 550 attendees, 65 speakers, 72 companies, 17 international markets