Los Angeles Cleantech Incubator Officially Launches

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Oct 10, 2011, 06:00 ET

LOS ANGELES, Oct. 10, 2011 /PRNewswire/ -- On Tuesday evening from 6-9PM the Los Angeles Cleantech Incubator and Mayor Villaraigosa are hosting an official launch event for the city's new clean technology business incubator in downtown LA. Its mission is to accelerate the development of clean technology businesses and to create sustainable, well-paying jobs in the Los Angeles region.

(Logo: http://demeterinteractive.com/wp-content/uploads/2011/10/LACI-logo-right.jpg )

"The Los Angeles Cleantech Incubator is an important investment in the future of our great city," said Mayor Villaraigosa. "LACI will have an important role in developing new profitable businesses and creating jobs right here in LA. With this project, we take a big leap forward, toward a stronger and more sustainable economy that will help distinguish LA as a center of innovation and prosperity."

"Research shows that the best way to create jobs is to build new companies, and that is exactly our mission here at LACI. Our goal is to find and nurture up and coming clean technology companies and provide them with the tools and mentorship they need to succeed, including access to our growing network of government, business and education leaders. After just a month of being open, we already have two terrific portfolio companies and look forward to welcoming many more," said Fred Walti, executive director.

Photo link: http://demeterinteractive.com/wp-content/uploads/2011/09/Walti-Fred.jpg

The event will feature exhibits of clean technology companies and products, notably from LACI portfolio companies 350Green and Grid Test Systems, winner of the Transportation category in last week's Cleantech Open competition.

LACI was created through a collaboration of the Los Angeles Cleantech Alliance which includes the Mayor's Office, the Los Angeles Department of Water and Power, Community Redevelopment Agency for Los Angeles and the area's exceptional education and research institutions: NASA Jet Propulsion Laboratory, UCLA, USC, CalTech, and Arts Center College of Design.

For more information, please visit: http://laincubator.org

SOURCE Los Angeles Cleantech Incubator