LA Cleantech Incubator (LACI) Receives $400,000 Grant From JPMorgan Chase

LOS ANGELES - Oct. 22, 2015 - PRLog -- The Los Angeles Cleantech Incubator (LACI) announced today that it has received a $400,000 grant from JPMorgan Chase & Co. The grant will fund key programs focused on advancing sustainable technology development and adoption in the Los Angeles region and beyond.

The award was announced during the third-annual GloSho 15 Cleantech Global Showcase today, a summit bringing together an array of thought leaders, investors, academics, policymakers and entrepreneurs.GloSho’15, at the J.W. Marriott @LA Live, on Wednesday, October 21st and Thursday, October 22^nd, is an opportunity to connect one-on-one with an international group of industry leaders on clean tech investment, entrepreneurship and innovation. More at www.glosho.la

Today’s $400,000 grant follows $600,000 in contributions to LACI since 2013.

"JPMorgan Chase deserves a special thanks as a Presenting Sponsor and for their continued support through their Small Business Forward initiative." said Fred Walti, CEO of LACI. "We are thrilled to have Matt Arnold, their Managing Director and Head of Sustainable Finance, lead a key discussion on international finance on Day One of GloSho’15 and Joe Skowera, Senior Vice President of Business Banking, will speak to the group on Day Two.”

Los Angeles is a global leader in the clean technology sector, with its unique combination of market size, progressive policy and world-class research institutions, talent and technology. GloSho embodies the city’s strong commitment toward economic development and sustainability, demonstrated in part through its support of LACI.

“JPMorgan Chase recognizes that  supporting a more environmentally sustainable global economy that harnesses renewable materials and energy sources is a challenge with real implications for every sector of modern society, including financial services,” said Joseph Skowera, a Market Manager for Chase Business Banking in Southern California.

“We are delighted to support LACI, which is setting new standards with innovative ways to help promising clean tech companies grow and thrive.”

About JPMorgan Chase & Co.
JPMorgan Chase & Co.  is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About the LA Cleantech Incubator

The LA Cleantech Incubator is a nonprofit public-private partnership that accelerates the commercialization of clean technologies in the Los Angeles region. Located in the center of the City's Cleantech Corridor, LACI offers flexible office space, CEO coaching and mentoring, and access to a robust network of experts and capital. Incubated companies operate in a range of sectors including Smart Grid infrastructure, energy efficiency, energy storage, electric transportation, and materials science. LACI works closely with the region's utilities, universities, business community, government institutions, capital markets and utilities to foster innovation and to grow the region's green economy.  Learn more at www.laincubator.org.