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LACI@CSUN Ranked No. 3 Business Incubator in the World

January 15, 2016

LACI CEO Fred Walti, Vice President of the United States Joe Biden and L.A. Mayor Eric Garcetti during a panel discussion on clean technology at the new LACI workspace in the Arts District of Downtown L.A. Photo courtesy LACI.

Photo Courtesy of LACI

"This is the second consecutive year that LACI has been ranked in the top 10, rising from its No. 6 ranking in 2014. That same year, California State University, Northridge began a partnership with LACI, called LACI@CSUN. In the short time since the partnership’s creation, six companies have been launched. In all, more than 40 companies have been started with LACI, generating more than $60 million in revenue and 700 jobs.

“These companies are so hard to get into the market, to take it from an idea all the way through commercialization to where we’re making an impact,” said Erik Steeb, executive director of LACI@CSUN. “It’s great recognition that there are groups that believe we have the model right and we’re showing results.”

The UBI Global recognition is prestigious in that more than 1,200 business incubators across 67 countries were considered for the rankings. Only two of the top 10 companies in the UBI rankings are in the United States."

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