Innovation has a new home in Los Angeles! Make in LA is Los Angeles’ new (and only) tech-focused hardware accelerator: think anything from movement-tracking wristbands to medical devices or even robots. Do you have a great idea for an invention, but don’t know where to go for funding or guidance? Make in LA supports up and coming companies with capital ($75,000 per company in exchange for a 7.5% stake), access to workspace, top notch mentors, and a structured curriculum that will help ensure each company’s success.
This year, Make in LA accepted its first class of early stage companies.
These companies will work full time for four months out of Make in LA’s 20,000 square foot workspace in Chatsworth. The accelerator has ambitious plans to invest in approximately 45 startups over the next three years – with the hope that someday, these companies will be valued at $500 million or more. A critical component to Make in LA’s accelerator model is access to contract manufacturer NEO Tech, who will provide the start-ups access to specialized manufacturing tools.
We wish these LA- based innovators luck as they take their products to market. For more information, or if you’d like to be included in the next class of startups, check out Make in LA’s website: makeinla.com.