Los Angeles Cleantech Incubator, NewCities Dangle $15K To Startups

The Los Angeles Cleantech Incubator (LACI), and partner NewCities Foundation said on Monday that they will award $15,000, plus other prizes, to a startup developing technology in the zero emissions transportation and shared mobility area. According to the two, they are running a global startup competition as part of an upcoming event in November. The groups said startups that apply to the competition must be less than five years in business with revenues of less than $5 million and have products in pilot, beta or prototype stage. The top winner wins $15,000 in cash, with category winners receiving $2,500 each, on top of other in-kind services. The competition will be held as part of the LA CoMotion Expo and Conference, taking place November 15-19, in downtown Los Angeles.