Incubation Program
Opens Nov 8 2019 06:00 AM (PST)
Deadline Jan 26 2020 11:59 PM (PST)
Description

Overview

The Incubation Program offers hands-on incubation services for supporting cleantech startups grow in Southern California. The first six months of the program are dedicated to curriculum workshops, one on one sessions and roundtables focused on Market and Investor Readiness. After the six-month period, the program is focused on achieving the objectives outlined in a custom roadmap around fundraising, product development, market access, team growth, and partnerships.  

Benefits of the program include:

  • Advanced curriculum and hands-on advisory service
  • Up to $20,000 in funding for small-scale pilot deployment
  • Up to $160,000 in business services and perks
  • Access to LACI Impact Fund and Debt Fund

Program length: 2 years

Program start: March 2020

Program cost: 1.5-3% equity stake in the form of a warrant with the opportunity to earn back through achieving impact milestones

Candidate Qualifications

  • Startups must:

    • Have a cleantech solution that addresses one of our three priority areas: Clean Energy, Zero Emissions Transportation and Smart & Sustainable Cities: Circular Economy.

    • Own or license a novel proprietary technology.

    • Have a significant presence (operations or sales) in Southern California with founder or key executive able to attend meetings, workshops and events on campus at short notice.

    • Have at least 2 full-time employees.

    • Have a working prototype (TRL 4+).

    • Commit to all curriculum opportunities in first 6-months.

  • We evaluate based on:

    • Technology type, credibility and innovation.

    • 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 the Los Angeles region.

    • Founder and team’s coachability, experience, and commitment.

    • Startup’s commitment to Diversity, Equity and Inclusion.

    • Overall fit of startup and team within the LACI community.

Application Process

For any questions about the application process, please contact LACI’s Pipeline Coordinator: Georgie Walker - georgina@laci.org 

  • Application: The application has two parts: Initial Application and Long Application. If the application meets the basic eligibility criteria collected in the Initial Application, applicants will be notified to fill out a Long Application.

    • You will receive an email notification confirming your submission with an outline of next steps. Please be sure to submit your application completely by clicking "Review & Submit" in the portal after completing your application. 

    • Deadline for the Initial Application is January 25, 2020 (Extended!)

    • Deadline for the Long Application is February 2, 2020

  • Evaluation: Our Technical Review Committee evaluates applications based on a weighted rubric system.

  • Diligence & Interview: Top rated applicants move on to a diligence period that coincides with an in-person interview where we explore the overall program fit.

  • Selection & Offer: Startups selected to join the program will receive an offer and have 10-days to review and accept before Program Start.

Please make sure to have the following materials prepared to submit with your application:

  • Application

    • Complete investor facing pitch deck

    • Technical summary document(s) (i.e white paper, technical overview, roadmap)

    • Team bios

  • Legal Diligence

    • Capitalization table

    • Corporation documents

    • Governing documents

    • Patent documents

    • Full list upon request

  • Financial Diligence

    • Monthly historical summaries

    • Pro-forma model

About LACI

Each year we work with 30-40 companies across our three tracks of startup programs and Founders Business Accelerator to raise outside funding and gain traction in the market.

The Los Angeles Cleantech Incubator (LACI), a private nonprofit organization, is creating an inclusive green economy by unlocking innovation (through working with startups to accelerate the commercialization of clean technologies), transforming markets (through partnerships in transportation, energy and sustainable cities) and enhancing communities (through workforce development, pilots and other programs). Founded as an economic development initiative by the City of Los Angeles and its Department of Water & Power (LADWP), LACI is recognized as one of the most innovative business incubators in the world by UBI. In the past seven years, LACI has helped 108 startups raise $221M in funding, $220M in revenue, create 1,750 jobs, and deliver more than $393M in long term economic value. Learn more at laci.org.

 



Apply

Incubation Program


Overview

The Incubation Program offers hands-on incubation services for supporting cleantech startups grow in Southern California. The first six months of the program are dedicated to curriculum workshops, one on one sessions and roundtables focused on Market and Investor Readiness. After the six-month period, the program is focused on achieving the objectives outlined in a custom roadmap around fundraising, product development, market access, team growth, and partnerships.  

Benefits of the program include:

  • Advanced curriculum and hands-on advisory service
  • Up to $20,000 in funding for small-scale pilot deployment
  • Up to $160,000 in business services and perks
  • Access to LACI Impact Fund and Debt Fund

Program length: 2 years

Program start: March 2020

Program cost: 1.5-3% equity stake in the form of a warrant with the opportunity to earn back through achieving impact milestones

Candidate Qualifications

  • Startups must:

    • Have a cleantech solution that addresses one of our three priority areas: Clean Energy, Zero Emissions Transportation and Smart & Sustainable Cities: Circular Economy.

    • Own or license a novel proprietary technology.

    • Have a significant presence (operations or sales) in Southern California with founder or key executive able to attend meetings, workshops and events on campus at short notice.

    • Have at least 2 full-time employees.

    • Have a working prototype (TRL 4+).

    • Commit to all curriculum opportunities in first 6-months.

  • We evaluate based on:

    • Technology type, credibility and innovation.

    • 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 the Los Angeles region.

    • Founder and team’s coachability, experience, and commitment.

    • Startup’s commitment to Diversity, Equity and Inclusion.

    • Overall fit of startup and team within the LACI community.

Application Process

For any questions about the application process, please contact LACI’s Pipeline Coordinator: Georgie Walker - georgina@laci.org 

  • Application: The application has two parts: Initial Application and Long Application. If the application meets the basic eligibility criteria collected in the Initial Application, applicants will be notified to fill out a Long Application.

    • You will receive an email notification confirming your submission with an outline of next steps. Please be sure to submit your application completely by clicking "Review & Submit" in the portal after completing your application. 

    • Deadline for the Initial Application is January 25, 2020 (Extended!)

    • Deadline for the Long Application is February 2, 2020

  • Evaluation: Our Technical Review Committee evaluates applications based on a weighted rubric system.

  • Diligence & Interview: Top rated applicants move on to a diligence period that coincides with an in-person interview where we explore the overall program fit.

  • Selection & Offer: Startups selected to join the program will receive an offer and have 10-days to review and accept before Program Start.

Please make sure to have the following materials prepared to submit with your application:

  • Application

    • Complete investor facing pitch deck

    • Technical summary document(s) (i.e white paper, technical overview, roadmap)

    • Team bios

  • Legal Diligence

    • Capitalization table

    • Corporation documents

    • Governing documents

    • Patent documents

    • Full list upon request

  • Financial Diligence

    • Monthly historical summaries

    • Pro-forma model

About LACI

Each year we work with 30-40 companies across our three tracks of startup programs and Founders Business Accelerator to raise outside funding and gain traction in the market.

The Los Angeles Cleantech Incubator (LACI), a private nonprofit organization, is creating an inclusive green economy by unlocking innovation (through working with startups to accelerate the commercialization of clean technologies), transforming markets (through partnerships in transportation, energy and sustainable cities) and enhancing communities (through workforce development, pilots and other programs). Founded as an economic development initiative by the City of Los Angeles and its Department of Water & Power (LADWP), LACI is recognized as one of the most innovative business incubators in the world by UBI. In the past seven years, LACI has helped 108 startups raise $221M in funding, $220M in revenue, create 1,750 jobs, and deliver more than $393M in long term economic value. Learn more at laci.org.

 



Apply
Opens
Nov 8 2019 06:00 AM (PST)
Deadline
Jan 26 2020 11:59 PM (PST)