How it started
History
LACI was founded in 2011 to empower the City of Los Angeles' primary economic strategy, which is to drive the innovation and growth of Los Angeles' green economy. LA Cleantech Incubator was funded by the CRA/LA and the LADWP for the City of Los Angeles, as well as a federal award from the Small Business Administration, and is a result of the Clean Tech Los Angeles (CTLA) alliance among the Mayor's office, the University of Southern California, the University of California at Los Angeles, the California Institute of Technology, the Art Center College of Design, the Los Angeles County Economic Development Corporation, the Los Angeles Business Council, the Los Angeles Area Chamber of Commerce, LADWP, and the CRA/LA.
At LACI's official launch night, Los Angeles Mayor Antonio Villaraigosa said, "The Los Angeles Cleantech Incubator is an important investment in the future of our great city. 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."
From Wikipedia’s article on LA Cleantech Incubator, shared under CC BY-SA 4.0.2