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The City of Los Angeles said this morning that it will be officially launching its Cleantech Incubator tomorrow, as it attempts to create a cluster of clean technology companies downtown. According to Mayor Villaraigosa, the effort is to help develop new businesses and create jobs in Los Angeles. READ MORE>>.
A couple of weeks ago, a brand new, startup incubator launched in town--with a slightly different focus, on biomedical technology. The incubator-- Greenwings Biomedical (www.greenwingsbiomedical.com), is led by Richard Koffler , a serial entrepreneur and angel investor in Los Angeles. What is Greenwings Biomedical?
In just the last few weeks, at least five different incubation/acceleration efforts have booted up in the region. Specifically targeted at clean techonlogy firms, the group has more of a traditional incubator program, offering up office space for 6-8 companies, along with support, resources, and mentorship.
For example, we had a keynote from Patrick Soon-Shiong, who talked about his new health incubator, and Frank Addante, at Rubicon Project, talking his ad-tech services. I get excited when people connect, and I really get excited when someone gets a job referral, or someone finds a designer. We have Chet Pipkin, talking about Belkin.
“LavaLab, the University of Southern California’s product Incubator, admits the top 5% of design, business, and engineering minds to create innovative products over the course of a semester.”
In order to support all of these teams, there are several on-campus startup competitions every year, from the Silicon Beach USC competition to the New Venture Seed Competition, with prize funds to help build the companies. The University of Southern California is home to many innovative students and companies.
Incubator: Amplify LA. With 10,000 square feet designed to inspire innovation, Amplify LA is the ultimate start-up accelerator and entrepreneurial campus — all to bring together the brightest, most enthusiastic technology minds into an environment that provides solutions, support, and collaboration.
The best person I know to talk about the growing entrepreneurship culture on campuses is Alex Zhang, a student at USC and the Managing Director of the student-run incubator LavaLab. Zhang shares his thoughts about Los Angeles, incubator programs, and more. What is LavaLab/what is the vision? It’s a typical “Aha!”
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