Dot by dot beach12/21/2023 ![]() Founders work out of Science’s campus in downtown Santa Monica where they collaborate with Jones and other entrepreneurial mentors as well as a staff of marketing, tech, and business development professionals to get their idea off the ground. Michael Jones’ Science is a venture capital firm focused on funding early stage startups, and it also runs a venture accelerator that’s incubated some big direct-to-consumer brands, including Dollar Shave Club and PlayVS. ![]() Notable Companies: Rent a Romper, Struct Club Location: Downtown Los Angeles Type of Funding: Early stage, seed Unlike some accelerators on this list, Grid110 doesn’t require an equity stake in a company in exchange for participating. that offers a $20,000 grant and course aimed at “demystifying funding” and guiding founders. that haven’t launched yet, and another 12-week ‘friends and family’ program run in partnership with L.A.-based venture firm Slauson & Co. Grid110 offers founders two programs: a 12-week residency program for early-stage startups in L.A. looks to fund a wide range of companies but does try to target ones working in industries that are strong in L.A., like healthcare, artificial intelligence, e-commerce, retail, property tech, software as a service, and consumer tech.įocus: Aerospace, energy, robotics, wellness, entertainment, mobility/logistics, education Notable Companies: Sanity Desk, Lightbox It prioritizes local companies but will fund some firms based outside of L.A. Techstars is a global outfit with a chapter in Los Angeles that opened in 2017. Type of Funding: All stages, focus on seed and early stageįocus: Agnostic, focused on any tech company Success stories include robotics firm Elementary, crypto exchange Coinbase and GIF database Tenor. IdeaLab backs companies regardless of their growth stage or industry but has a history of backing tech companies focused on environmental or social change. Serial entrepreneur Bill Gross founded IdeaLab in 1996, and it’s since backed over 150 companies and seen 45 of those either go public or be sold. Notable past companies that used AmplifyLA include wine subscription firm Winc and on-demand moving and storage company Clutter.įocus: Software, emerging technology companies, D2C brands Besides funding them through its accelerator, it works with startups in all industries to connect them to a network of L.A.-based startup founders and investors to raise additional funding once they leave the program. GENERAL TECH ACCELERATORSĪmplifyLA’s accelerator backs early-stage companies that are local to L.A. Here’s a list of the top programs in LA that are helping new startups get off the ground. Most of these accelerators accept applicants from both in and outside LA County, and some offer virtual workshops. Bill Gross’ Pasadena-based IdeaLab has also led several startups to big exits, including crypto exchange Coinbase which was valued at $80 billion when it completed an IPO this April. in Santa Monica and was sold to Unilever for $1 billion in 2016. Local companies that grew from accelerators include Dollar Shave Club, which began at Mike Jones’ Science Inc. While some accelerators opt to provide funding outright in exchange for an equity stake, some prefer to not financially invest, and instead offer founders a place to work, access to mentors, and a full calendar of networking opportunities to help them connect to investors who might look to cut a check. Programs like the LA Cleantech Incubator target companies from across the globe that are developing tech to mitigate the climate crisis. or the Los Angeles Dodgers baseball team to mine talent in their backyard for future revenue opportunities. Others were created as a way for existing companies like the Walt Disney Co. Some of these programs are run by investors, who often go on to back the companies they incubate in later rounds. ![]() Southern California is home to an armada of accelerators, incubators, startup studios and other programs designed to help new business owners develop their vision and launch the next billion-dollar business. Whether you are making medical devices or movies, if you have a promising startup chances are there’s someone out there to help.
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