Let's Create Innovation Space for LA Biotech

submission by LabLaunch

About Your Application

Organization(s) name(s):

Lab Launch

Organization(s) website(s):

www.lablaunch.org

Organization(s) twitter handle(s):

www.twitter.com/lablaunch

Organization(s) facebook handle(s):

www.facebook.com/lablaunch

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

http://lablaunch.org/contact-us/

Describe Your Organization(s)

Non-profit organization

For-profit organization

Government

Other (please specify below):

In one sentence, please describe what your organization does.

:

Lab Launch’s mission is to enable the scientists and entrepreneurs of Los Angeles to develop their ideas in affordable, high-quality lab facilities, with access to services and a supportive innovation community to accelerate their success.

In one to three sentences, please describe your proposal.

:

Our goal, and our vision for the Los Angeles of 2050 is a vibrant network of affordable, accessible biotech incubators across the LA metro region, where life science innovators from any background can access the facilities and equipment they need to move their ideas forward.

At LabLaunch-Monrovia, we will provide high-quality laboratory space, state-of-the-art shared equipment, and a supportive innovation community, giving biotech startups a place to take root in Los Angeles.

Please write a sample tweet to describe your submission.

:

@LAbLaunch is creating incubator labs for innovators in biotech to build the businesses of tomorrow in LA

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:

Monrovia; Monrovia USD; LA County; City of LA

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.

:

Los Angeles is home to several world-class research universities, and thousands of talented young scientists. However, there is little entry-level business incubation space for biotech startups, and the few incubator facilities that exist for more mature, growth-stage companies are consistently at or near full capacity. As a result, many scientists and inventors from Los Angeles are moving to other areas that are perceived as more supportive, such as San Francisco and San Diego, to start their biotech businesses.

Life science technologies are predicted to be among the leading growth industries of the 21st Century. Innovations in healthcare are leading the way to future generations of drugs and healthcare products that will treat illnesses earlier and more effectively, prolonging and increasing the quality of human health. New advances in bioenergy and biosynthesis promise to allow our society to reduce its dependence on fossil fuels by producing energy, pharmaceuticals, and other products without relying on chemical feedstocks. Biotechnology represents the best technological hope we have to effectively feed the 7 billion-plus people on Earth, and the larger generations to come. Los Angeles is also home to leaders in the new commercial space age – if they are to be successful in creating long-term human occupation of outer space, they will need many new life science technologies to be developed to keep humans fed, healthy, and safe for long periods away from the Earth.

Creating an open, affordable space in Los Angeles for life science startups, along with business support and access to investors and advisors, is essential to reverse the current trend of young companies moving to San Francisco or San Diego to found their businesses. Our facility at LabLaunch-Monrovia will allow research discoveries from Los Angeles’ universities to stay in LA, grow into successful businesses, employ staff from the LA area, and lay down a strong foundation for the economy of the 21st Century.

By 2050, some of the early startups that were supported by our incubator will have grown into large, successful businesses, employing thousands of people across Los Angeles. The founders of these successful companies will become the next generation of investors, as they use the profits from their success to invest capital into new innovations. Through this new community, we will be able to anchor a self-perpetuating cycle of success and innovation in biotechnology for LA.

Please explain how you will evaluate your work.

:

Our mission is focused on creating an environment that will foster the creation of high-growth startup businesses. Our metrics of success will therefore be focused on the number and success of our startup tenants, and the number of jobs they create in Los Angeles.
Specifically, we aim to collect and measure the following metrics to evaluate our success:

-Number of startups launched
-Number of LA area jobs created by a) our facility b) our tenant startups
-Total private investment in a) our facility b) our tenant startups
-Total public funding (i.e. state/federal research grants) in a) our facility b) our tenant startups
-Public valuation of companies that have graduated from our incubator

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
16 Pink talk bubble tail c96b4a07ef1417e25d0bcf5c4cba4766b8bbf0382f07677990a9d5577885d4d7

LabLaunch represents the future for biotech development efforts in and around Los Angeles. We NEED this! Rock on, LabLaunch!

by DianeKulisek
6 months ago

Keep up the great work LabLaunch. We believe in you!

by choekatr
6 months ago

This is a great idea. All the best!!

by HarshS
6 months ago

Lab Launch is a driver in developing Los Angeles' biotech hub, keep up the instrumental work!

by aavo88
6 months ago

I believe in Lab Launch's mission. Let's make it happen!

by cathyjin
6 months ago

Great space to start a new business.

by paulito
6 months ago

Go Lab Launch! Let's keep our talent and innovation here in the greatest City on Earth!

by Infiniq
6 months ago

LabLunch is making a difference not just to new bio-scicence businesses and growing the economy but in inspiring the region's students to create and innovate.

by Kurtz
6 months ago

LA has the potential to be an innovation hub: efforts like LabLaunch put us on the road towards this goal. I am happy to support the team in any way that I can.

by aryelipman
6 months ago

I love the vision. Good luck!

by GH_Carson
6 months ago

This is awesome. Keep up the good work Lab Launch! Investing in our startup tech businesses is the key to a the future of LA jobs.

by Terry_TM
6 months ago

Cool - let's make life easier for innovators to stay in LA! LA Biotech Rocks!

by LewisLL
6 months ago

Awesome! We need to keep LA's best innovators in LA!

by GoodScience
6 months ago

We need more biotech jobs in LA! Let's help the scientists we train here, stay here!

by mrippen
6 months ago

This is long overdue! LA has SO much talent in bioscience, but no place to grow!

by LabLaunch
7 months ago

Let's go Lab Launch! So excited for the future of LA biotech!

by llewellyn.cox
7 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