LA Cleantech Incubator Executive Director, Fred Walti, gives his top four reasons why LA is a Cleantech Capital.
“We are a very large green economy, probably the largest green economy in the country. We employ more people in green jobs than anywhere else in the country. We have more cleantech start-up than anywhere else in the country. So we have a very big market and entrepreneurs like to locate in a big market.
We also have three of the finest research universities in the country -- UCLA, USC, CalTech -- along with a laboratory, JPL, that produce more PhDs and more Nobel Laureates than anywhere else in the country.
Combined with the port, 44% of all goods that come to this country come through this port. What’s really interesting in this port is that it used to be the biggest polluter in the region, now is focused on becoming a green port and is leading the world in that.
Put all that together, along with the entrepreneurial spirit and I think we’re starting to get real momentum here.”