LOS ANGELES, CA, August 7, 2019 – Innovative transportation and mobility startups from across the world are invited to participate in the just-launched third edition of the LA New Mobility Challenge.
The Challenge, announced today, is a joint initiative of CoMotion LA, the NewCities Foundation, and the Los Angeles Cleantech Incubator (LACI.) The third edition of the Challenge is focused around four fields of critical importance: shared & personal mobility, urban aerial mobility, smart infrastructure (including autonomy and connectivity), and zero emission mobility. To qualify, companies must be less than five years old, have revenue of less than $5 million, and have a product in pilot, beta or prototype stage.
Category finalists win $5,000, while the winner receives $25,000, an interview to join LACI as a portfolio company, and more. Finalists and winners receive an all expenses paid trip to London, where they’ll be introduced to organizations that include Transport for London, Connected Places Catapult, and the UK Department for Transport, thanks to the British Consulate-General in Los Angeles.
Applications run until September 23rd, and three semi-finalists from each category will have a chance to present their innovations to a panel of VCs and city leaders on November 13th, the eve of CoMotion LA ‘19.
Learn more at https://www.comotionmiami.com/la-new-mobility-challenge-2019
About CoMotion
CoMotion is a global platform where the most innovative transportation and technology companies, as well as civic and business leaders, from across the mobility ecosystem explore, collaborate, and interact to share ideas and do business. CoMotion organizes exclusive world-class events with cities at the forefront of the Mobility Revolution, like Los Angeles, Miami and Paris, and is the new mobility industry’s premiere source for news, insights, and analysis.
About NewCities
NewCities is a global nonprofit committed to shaping a better urban future. We have a decade’s experience curating and producing innovative content about the most important emerging urban trends. We do this through our events, our knowledge-sharing platforms, and actionable research. NewCities brings a ‘whole-city’ approach – we convene and connect the key stakeholders of the urban ecosystem: the residents, governments, academic institutions, civil society organizations, and business communities of a city. Our activities are inspired and supported by our global network of members, whose insights help us determine the most pressing topics in cities.
About LACI
The Los Angeles Cleantech Incubator (LACI), a City of Los Angeles established nonprofit organization, is creating an inclusive green economy by: unlocking innovation through working with startups to accelerate the commercialization of clean technologies, transforming markets through partnerships with policymakers, innovators and market leaders in transportation, energy and sustainable cities; and enhancing communities through workforce development, pilots and other programs. Founded as an economic development initiative by the City of Los Angeles and its Department of Water & Power (LADWP), LACI is recognized as one of the most innovative business incubators in the world by UBI. In the past eight years, LACI has helped 78 portfolio companies raise $221M in funding, $220M in revenue, create 1,750 jobs, and deliver more than $393M in long term economic value. Learn more at laci.org
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