GRID 110 South LA
Clean tech incubator Grid110 recently selected 19 companies for its inaugural South LA program, ushering in resources and support for local entrepreneurs to build and launch successful businesses.

More than 90 percent of the selected companies are led by Black and Latinx founders, and the majority of founders are women, said Grid110 South LA Managing Director Austin Clements in a recent piece in Medium.

Participants receive support and resources via the following Grid110 programs: Idea to Product (I2P), which helps early stage founders focus on the fundamental parts of building a successful, sustainable business; and the Residency program, which helps established companies with evidence of traction (users, investment, revenue, etc.) accelerate to the next stage of growth.

Expanding opportunities for innovators and entrepreneurs in under-served communities

Nearly 100 businesses from South LA applied. Selected participants include: a marketplace dedicated to directing shoppers to Black-owned businesses, a Leimart Park-based bike shop and a South-LA based plant burger brand. EWDD administers and supports Grid110 through Community Development Block Grant (CDBG) funding.

This story is part of the EWDD UPDATES from the week of July 13, 2020. Read this issue and more.