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The Industry of Innovation

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There is a palpable fervor in the air of Los Angeles that promises to change the way Angelenos conduct business and live our lives.  We’re not talking about the remaining days of our nation’s political stage, but the industry of innovation that is booming here in Los Angeles. In September, the second annual Los Angeles Techday was held, and the activity on the convention floor was reminiscent of the intensity found at the New York Stock Exchange. Historically, Los Angeles has lagged behind other markets like Silicon Valley and New York City in the area of innovation and new tech startups.  But with room to grow and LA’s importance as a global center, the City of Angels is poised to be the next big thing in the industry of innovation, and leading the way is the Los Angeles Cleantech Incubator (LACI). In 2011, Mayor Antonio Villaraigosa announced that the City of Los Angeles would set out to be a leader in the green economy and developed LACI to play an important role in accelerating the commercialization of clean technologies from the area’s universities, as well as from independent inventors and entrepreneurs. Five years later, LACI officially opened their offices at [...]

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