We're creating an ecosystem of entrepreneurs and growing new businesses.

submission by Grid110
We're creating an ecosystem of entrepreneurs and growing new businesses.

About Your Application

Organization(s) name(s):

Grid110, Inc.

Organization(s) website(s):

www.grid110.org

Organization(s) twitter handle(s):

www.twitter.com/grid110

Organization(s) facebook handle(s):

www.facebook.com/grid110

Organization(s) instagram handle(s):

www.instagram.com/grid110

Please share the direct link for voters to sign up for your newsletter(s):

http://eepurl.com/bjyLrr

Describe Your Organization(s)

Non-profit organization

For-profit organization

Government

Other (please specify below):

In one sentence, please describe what your organization does.

:

We’re stimulating economic development and building a community that supports startups during the most critical stage of their growth cycle, by connecting new companies to office space, mentors and necessary resources essential for success.

In one to three sentences, please describe your proposal.

:

This summer we opened our first Grid110 space in DTLA. We plan to open multiple spaces throughout downtown and around LA, that use an-accelerator type model to support the growth of startups, as well as provide programming and public events. Each space will focus on a different industry, creating sub-communities within the LA startup community and connecting the dots on an overall ecosystem.

Please write a sample tweet to describe your submission.

:

Starting a strong business in LA can be hard. Building it with a community is stronger. Vote @Grid110 #LA2050

Where will you be working? Please be specific (e.g. Third Street Middle School; Boyle Heights; LA County).

Central LA

East LA

San Gabriel Valley

San Fernando Valey

South LA

Westside

South Bay

Antelope Valley

County of Los Angeles (countywide)

City of Los Angeles (citywide)

LAUSD

Other (please specify below):

e.g. Third Street Middle School; Boyle Heights; LA County:

DTLA

How do you plan to use these resources to make change? (check all that apply)

Conduct research

Engage residents and stakeholders

Implement a pilot or new project

Expand a pilot or program

Mobilize for systems change

Advocate with policymakers and leaders

Implement and track policy

Other (please specify below):

How will your proposal improve the following “Create” metrics? (check all that apply)

Employment in the creative industries

Arts establishments per capita

Concentration of manufacturing activity in LA

Federal research grant funding

Patents per capita

Jobs per capita

Minority- and women-owned firms

Gini coefficient

Number of high growth startups

Venture capital investment

Measures of cultural and global economic influence (“soft power”) (Dream Metric)

Recruiting and retention rates for local higher education institutions (Dream Metric)

Percentage of graduates from local higher education institutions that remain in LA County 5 years after graduating (Dream Metric)

Unemployment rates (and opportunities) for the formerly incarcerated (Dream Metric)

Describe in greater detail how you will make LA the best place to create.

:

Grid110 will make LA the best place to CREATE by growing new companies through community.

We’re creating an ecosystem of entrepreneurs, doers, movers shakers, and business makers, and we’re currently stimulating the economy in Downtown LA by supporting the growth of startup companies, and ultimately creating jobs.

GRID110 supports early stage businesses and innovative new companies by providing a free workspace, mentoring and access to resources. It’s our aim that startups participating in our program will be able to scale with a stable trajectory, thus stimulating economic development in LA.

We launched our first community space this summer, with a focus on downtown and fashion tech, and we plan to open spaces in other neighborhoods and industries in the near future.

Currently there are 5 startups in our pilot program, and it's our goal that they will be able to afford their own office space, and will expand their team after receiving mentorship, and access to resources.

How will the community benefit?

We’re providing complementary workspace to viable companies. The 5 startups we selected for our inaugural program are the first of many companies that will participate in our programming. Cutting out the overhead cost of office space allows companies to put their money into other parts of their business.

While our first space is focused on fashion companies, our second space may focus on growing health startups in Boyle Heights, or entertainment in Hollywood, and we plan to have multiple Grid110 spaces focused on various industries over the next few years.

Mentorship is key in building a successful business. Our program connects startups to the experts they need right when they need them, whether it's legal, financial, or HR advice, we give them the people and tools they need to grow.

Access to capital is another important piece of growing a business. We will host a Demo day in January and at the end of each program cycle to connect the community to biggest startup investors in LA.

Creating jobs and keeping talent in LA will be a hugely important byproduct of our programing, and major part of why we’re doing what we’re doing. If the best new companies exist here, and can hire, why wouldn't the talent stay?!

We also plan on hosting public events to help build the overall local startup community and to serve as platform to support all business development and growth.

Please explain how you will evaluate your work.

:

We’re currently bringing together a team to help determine our metrics, and how to measure and evaluate our impact. We’re in the process of contacting companies, universities, orgs and researchers to help us determine the best metrics to measure our work. Over the next 6 months, we plan to develop an evaluation strategy in collaboration with experts.

How can the LA2050 community and other stakeholders help your proposal succeed? (check all that apply)

Money (financial capital)

Volunteers/staff (human capital)

Publicity/awareness (social capital)

Infrastructure (building/space/vehicles, etc.)

Education/training

Technical infrastructure (computers, etc.)

Community outreach

Network/relationship support

Quality improvement research

Other (please specify below):

Discussion
6 Pink talk bubble tail c96b4a07ef1417e25d0bcf5c4cba4766b8bbf0382f07677990a9d5577885d4d7

Good luck Grid110! Just voted for ya!

by sofiekhan
5 months ago

Good luck Grid110! Just voted for ya!

by sofiekhan
5 months ago

GRID110 is doing some much needed work by creating an ecosystem of entrepreneurs. Thank you GRID110!

by astar822
6 months ago

Thanks for the opportunity LA2050!

by KaneGood
6 months ago

Thanks we really appreciate it!

by KaneGood
5 months ago

Thanks, we really appreciate that and look forward to working with you and others to make big things happen!

by KaneGood
6 months ago

Pink ribbon award box icon 45b87e779c93f5099a48378c2aadc0fcd51184974daecf76e3f5c50034ea21fb
Award topvotedidea 5a5ae14e3d56a10363ea2a398cece46cf4df891213cbe68677c19d8903a1932a
$100,000
Circle 1 inactive e7784182a1bd5eace578987db27fc19ec6337f418c48c6c8732605b9043d50d0 Step1 title submission inactive cde083e53089b973e7c9dc80a44a038c1ce4cf3b2650aeb5549157d1ed58a2d9

Submission Began
Tuesday, September 08, 2015

Submission Ended
Tuesday, October 06, 2015
at 07:00 PM UTC

Circle 2 inactive 74a43088831beb43fdbd7591ef5d50a5a7a26ff92c9e8ed489782459fa31a8d9 Step2 title voting inactive 96be722f53c417edddb5742ba9a6dc2fd403f7e4f6c19dbe883d50d20d93689d

Voting Began
Tuesday, October 20, 2015

Voting Ended
Tuesday, November 03, 2015
at 08:00 PM UTC

Circle 3 83da7a9432aeea960e1a9e9ee93e7ea1221af6c8f42b27964f2e9999d94b2b8d Step3 title 3d9e2a65d6ea1ad301f8fc607f5f828bd96362932c71d81c0da5b1fd964422b0

Winner Announced
Tuesday, December 08, 2015