Downtown L.A.'s tech scene is getting a boost with Grid110, a new economic development organization that supports local early-stage start-ups by providing access to office space, mentors and resources.
The nonprofit launched a few months ago in partnership with the mayor’s office. It is now working with its first group of companies, all fashion-tech companies that have pledged to grow their businesses in DTLA. Participants in the inaugural program are Casetify, SimpleTux, ShapeShifter, Team Tassy and Vrai & Oro.
Grid110 currently takes no equity from member start-ups, which get six months of complimentary office space at the organization’s collaborative workspace in the Gas Co. Tower on Bunker Hill. It also features programs and workshops dedicated to topics like fundraising and networking.
“Grid110 believes that access to a collaborative workspace combined with programming and a diverse team of technical and creative talent will contribute to building the country’s next entrepreneurial hub in DTLA,” it said.
Advisors include Mike Macadaan of Science Inc., Kara Nortman of Upfront Ventures and Jason White, vice president of marketing at Beats by Dr. Dre.
Grid110 plans on opening more spaces downtown that are focused on growing businesses in other industries.