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Accelerators & Incubators
17 LA accelerators, incubators and startup studios youshould know
Built In Staff on Feb 10th, 2017
The diversity of accelerators and incubators in the Los Angeles areaillustrates the depth of technology talent within the community. From mediato engineering, software to consumer goods, these accelerators arelooking for the next best thing. Think you have a million-dollar idea, but youjust need some funding, mentorship and a program to take it to the nextlevel? These 17 LA accelerators and incubators can help.
What they do: Founded in part to keep the tech talent from headingnorth, Amplify is a curriculum-based accelerator and creative workspace.Companies work out of a historical 10,000-square-foot building where theVenice roller coaster once stood.
Who Should Apply: Startups with ties to the community, a business planand deck. While a connection to Amplify isn’t a prerequisite, the companydoes encourage it.
Funding: For the 4-8 month accelerator program, Amplify invests $50,000-$200,000 in seed funding, offers free workspace and hands-onmentorship. Applications are taken on a rolling basis.
Location: Venice
Success Story: Winc, Gem
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What they do: Founded in 1996, Idealab has helped more than 400businesses launch, with 40 being acquired or making it to IPO. Thecompany looks to break the mold in mobile technology, robotics andrenewable energy. Idealab provides capital and a full range of resourcesthat startups need to succeed. There’s a focus on sharing knowledgeamong companies, which is clearly seen through the open-plan office.
Who Should Apply: Applications that are backed by recommendationswith pre-existing business relationships with the lab are more likely tosucceed.
Funding: Undisclosed
Location: Pasadena
Success Story: NetZero
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What they do: MuckerLab, whose name is a nod to Thomas Edison’svision for collaborative invention, has quickly established itself as one ofthe premier accelerators in Santa Monica. Companies in the program gothrough a structured 6-12 month program in MuckerLab.
Who Should Apply: Pre-seed startups with a focus on internet software,services and media.
Funding: In exchange for a 6-8 percent equity stake, MuckerLab typicallyinvests $21,000. All 26 graduates of MuckerLab have been funded, withover $200 million raised.
Location: Santa Monica
Success Story: Wallaby
What they do: Startup UCLA runs an accelerator in the summer months.The program doesn’t take a financial stake in participating companies, butprovides them with on-campus office space, mentors, services and trips toSanta Monica and Silicon Valley. The ten-week program exposes teams totop entrepreneurs, investors and experts in web-related topics. At the endof the summer, companies pitch to Startup UCLA’s growing network oflocal entrepreneurs and investors.
Who should apply: Each team must have more than 50 percent offounders’ equity owned by UCLA students and/or recent alumnus
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(graduated within five years).
Funding: Undisclosed
Location: Westwood
Success story: Ship Mate
What they do: Launchpad.LA is a Santa Monica-based accelerator thatoffers companies seed funding, an office space and tons of connectionswithin the tech startup ecosystem.
Who Should Apply: The accelerator isn't currently accepting applicationsat this time.
Funding: $25,000-$150,000
Location: Santa Monica
Success story: ChowNow
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What they do: An early-stage incubator, USC Viterbi School ofEngineering is a 12-week technology program. The program focuses oninternet, software and hardware companies, especially those with deeptechnology. Companies must be in LA for the summer to participate.
Who Should Apply: Founders, or co-founders, that are USC Viterbistudent or alumni (graduating after 2003) with a working prototype of theirproduct.
Funding: $50,000 in capital, plus workspace and access to the program,in exchange for 10% equity.
Location: Marina Del Ray
Success story: MediaHound
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What they do: With offices in Santa Monica and HongKong, TYLTLab looks to invest in any kind of company – its portfolio is inconsumer electronics, technology, telecom, consumer goods, clean tech,healthcare, entertainment and fashion.
Who should apply: Seed-to-A round investments.
Funding: Investments of $50,000 - $2,000,000 per company.
Location: Santa Monica
Success Story: Cargomatic
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What they do: The Disney Accelerator combines some of the bestcreative minds in the entertainment industry with modern-day visionaries inits three-month program. Participants have access to the characters,stories and technology from across the Walt Disney Company, as well asconnections to mentors and alumni of Techstar’s vast network.
Who should apply: Technology-based startups with a vision for makingan impact on the world of entertainment and technology. Their firstprogram in 2014 had a range of companies focusing on hardware, video,mobile applications, social media, advertising technology and more.
Funding: For six percent common stock equity, the program provides$20,000 in funding. An additional $100,000 convertible debt note is alsoavailable.
Location: Los Angeles
Success Story: Atom Tickets
What they do: The Los Angeles Dodgers had a very successful seasonlast year, and that success has translated into their DodgersAccelerator program. It hosts technology, entertainment and e-Commercestartups with a focus on the future of sports and end users, includingathletes, teams, fans and others in the world of athletics.
Who should apply: Anyone making something relevant to theadvancement of sports. That includes training and coaching, healthcareservices, social media, VR and beyond.
Funding: $120K+ in exchange for up to 6% equity.
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Location: Los Angeles
Success Stories: FocusMotion, Appetize
What they do: Stubbs Alderton & Markiles, LLP is a business law firm andpreaccelerator program, offering companies access to some of the mostexperienced startup lawyers in the world, capital and a space to work outof.
Who should apply: Early-stage startups
Funding: Up to $50,000.
Location: Sherman Oaks
Success Stories: Trekk, Voter
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What they do: GRID110 is a community organization, run in partnershipwith the mayor's office, that functions like an accelerator. It provides officespace, mentorship and resources to startups with plans to put down rootsin Los Angeles. The accelerator takes zero percent equity in the startups ithosts.
Who should apply: Entrepreneurs with community values. Each cycle atGRID110 has a slightly different focus. The most recent cohort wasfashion-oriented.
Funding: Undisclosed
Location: Los Angeles
Success Story: Casetify, NailSnaps
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What they do: French Accelerator provides support for French companieslooking to break into the LA market.
Who should apply: Companies with French roots looking to make theleap to Los Angeles.
Funding: $30,000-$200,000
Location: Los Angeles
Success Story: Washos, oOlala
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What they do: The LA CleanTech Incubator helps build cleantechstartups in a city with one of the largest green economies in the nation. Itfosters new and more well-established cleantech startups in its downtownoffices while partnering with local colleges to provide incubator services.
Who should apply: Startups with an environmentally friendly focus.
Funding: Undisclosed
Location: Los Angeles
Success Story: VENA, Local Roots
What they do: Impact Hub is a membership club providing creative spaceand a creative community in the Arts District. It is connected to a globalnetwork of Impact Hubs spanning five continents.
Who should apply: Socially conscious entrepreneurs and creatives. Newmembers are carefully vetted to see if they will mesh with the group'sethos.
Funding: Undisclosed
Location: Los Angeles
Success Story: ReWork
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What they do: Run by Cal Lutheran University in the Valley, HUB101 is acoworking space with a three-step incubator program in which startupslearn the business landscape, execute on their ideas and learn to raisefunds through VCs, crowdfunding and a Demo Day.
Who should apply: Early-stage startups that want to hone businessmodels and test product-market fit.
Funding: Undisclosed
Location: Westlake Village
Success Story: The first cohort started in April 2016.
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What they do: Make In LA is focused on tech-enabled hardwarecompanies. It attracts national talent in wearables, VR and other fast-expanding fields.
Who should apply: Anyone with a product-focused business who wantsto spend time around fellow makers.
Funding: Up to $150K in the first four months.
Location: Chatsworth
Success Story: Rufus Labs
What they do: The technology conglomerate Science Inc. builds, fundsand buys startups. Since 2012, the company has backed more than 18startups and built more than 10 companies. They focus on e-commerce,marketplaces media and mobile sectors.
Who should apply: They will find you. The company uses traditional VCinvestment criteria to decide who to back along with assessing where theirplatform and technology could drive the greatest growth.
Funding: Undisclosed
Location: Santa Monica
Success Story: Dollar Shave Club, DogVacay
With additional reporting by Kate Rosow Chrisman and Emerson
Dameron
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