THE i.am.angel EAST L.A. INCUBATOR PROJECT

submission by lillykam
THE i.am.angel EAST L.A. INCUBATOR PROJECT

Organization Name

:

i.am.angel Foundation

Website

www.iamangelfoundation.org

Indicator

Please select the one indicator that is most relevant to your project or organization: Income & Employment

What is your idea and how will it impact your indicator?

We want to build a startup incubator program in East LA to foster entrepreneurship in underserved communities that have low access to technology and startup resources. ****** Los Angeles has been ranked the #3 startup city in the world, behind San Francisco and Tel Aviv! However, the LA tech ecosystem is concentrated in more affluent areas such as Santa Monica, Venice and West Hollywood. Meanwhile, East LA is an area with a rich history of makers and creators, and with just as much entrepreneurial spirit. Yet it lacks the resources needed to tap into the local tech startup scene. ****** By bringing this startup incubator program to East LA, we are fostering local talent and providing top-notch education and mentorship from successful entrepreneurs. This will bring valuable jobs and job skills to underserved communities. Not only does this help to uplift a struggling neighborhood, but it creates a better overall startup ecosystem for the entire city of Los Angeles – by creating a larger pool of talent coming from diverse backgrounds and walks of life. ****** Our startup incubator program will provide the following to East LA communities: ****** EDUCATION: Provide classes in entrepreneurship (such as how to formulate a business plan, how to pitch a VC, how to use social media, legal and accounting seminars etc) and relevant tech skills such as coding, web development, UX design, graphic design and more.

****** MENTORSHIP: Provide a forum for mentorship between local aspiring entrepreneurs and experienced business experts. Our team is well-connected to the LA tech, entertainment, and investment communities, which will provide an endless source of mentorship.

****** PROFESSIONAL NETWORKING: We hope to create a network of skilled professionals who are capable of joining or creating jobs in tech and startups. We will provide a platform for networking with each other, and with tech companies and startups from all over LA.

****** WORK SPACE: Provide coworking/office space at low cost to locally-focused startups. Our facility will be the historic Casa Del Mexicano building in Boyle Heights, East LA. The i.am.angel Foundation is currently renovating the building to turn it into a state-of-the-art community center, which will also house other programs in STEM and Arts education. It will be a perfect space for the cross-pollination of ideas that leads to innovation!

****** CAPITAL: Provide seed funding for startups that fit certain criteria, such as startups that are focused locally on the East LA community, or startups that promote social good. By the end of 2013, we hope to identify and support 5 local startups in East LA with $10,000 each in seed funding.

What are some of your organization’s most important achievements to date?

The i.am.angel Foundation seeks to transform lives through education, opportunity and inspiration. We have spearheaded several programs that are transforming lives in East LA, particularly the Boyle Heights community. Here are our biggest and most successful programs: ****** i.am College Track ****** College Track is a national educational organization that empowers students from underserved communities to reach their dreams of a college degree. College Track actively engages students over the course of eight years, from the summer before high school through college graduation. 100% of College Track seniors graduate from high school, more than 90% are admitted to a four-year university, and 75% of College Track students are currently enrolled, or have graduated from, college. Over 85% of College Track students will be the first person in their family to earn a college degree. The i.am College Track program serves 50 ambitious new students from Roosevelt High School every year, and continues to work with them over an 8 year cycle. ****** i.am Home ****** In 2010, during the height of the foreclosure crisis, the i.am Home program was launched. The program works with effective partner organizations to promote financial literacy education and provide home owner assistance grants to support qualifying families in need. To date i.am Home has provided more than $400,000 in home owner assistance grants. ****** i.am Scholarship ****** The i.am Scholarship program was launched in 2009. The program works with effective partner organizations like Oprah Winfrey’s Angel Network, Scholastic America and College Track to identify qualifying students in need of financial support. i.am angel selects students with a proven record of accomplishment and gives them the opportunity to chase their dreams through scholarship. To date the i.am Scholarship program has directly invested more than $500,000 in America’s future.

Please identify any partners or collaborators who will work with you on this project.

We will work with an education partner such as General Assembly L.A. (https://generalassemb.ly/locations/los-angeles), which provides a network of qualified instructors in entrepreneurship and tech skills. The i.am.angel Foundation will make sure the classes will be affordable for the East LA communities. We also work closely with ELACC, the East LA Community Corporation (http://www.elacc.org/), who are our partners at the Casa Del Mexicano. They will also provide valuable outreach to the East LA community.

Please explain how you will evaluate your project. How will you measure success?

1. We will look closely at attendance of the program’s classes and events. We will survey participants of their experience, aiming for value, diversity and cross-pollination. 2. We will track success stories and chronicle them in our website and other social media platforms. We will write blogs and produce video content. 3. We will monitor socioeconomic effects on the community, looking at factors such as the creation of local businesses and jobs. 4. We will evaluate the performance of the 5 local startups chosen to receive seed funding from this program.

How will your project benefit Los Angeles? Please be specific.

An East LA incubator project will benefit ALL of Los Angeles, not just the east side. Here’s WHY:

- Our incubator program creates a better overall startup ecosystem for the entire city of Los Angeles, by creating a LARGER and more DIVERSE pool of entrepreneurial talent. The future needs solutions that involve EVERYONE.

- Our incubator program will foster entrepreneurship in struggling communities that are often burdened with crime, violence, and unemployment. By providing education and opportunity, we will enable people to start successful legitimate businesses, or gain the high-demand and high-paying skills needed to work in tech, rather than doing illegal things.

This has a halo effect on so many other factors. Not only could it boost the local economy, creating jobs for local young people, but they will also be more likely to stay in the neighborhoods and continue to improve them. It could reduce crime and violence, and increase safety in these struggling neighborhoods and surrounding areas. The East LA incubator program can serve as a model for other similar communities around the world.

- Our incubator program will give seed funding, supporting the creation of startups that provide value to the local community, especially those focusing on social good. Our project could be funding the future hottest LA startups promoting arts & cultural vitality, education, environmental quality, health, housing, income & employment, public safety, and social connectedness.

What would success look like in the year 2050 regarding your indicator?

In the year 2050, the LA tech and startup communities will look a lot more like LA itself: culturally diverse, rich in differing talent, opinions, backgrounds, and walks of life. LA will be a true breeding ground for innovation. There will also be greater focus on companies that produce sustainable and social good. LA will also be home to stronger communities with vibrant local economies that match the unique culture of each. Our vision is that the i.am.angel incubator model will have hubs in various communities all over Los Angeles.

Discussion
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by timwadethat
about 1 year ago | Reply

Such an innovative project for an underserved community that addresses an often-overlooked need. You have my support Lilly!!

by ming.c.chou
about 1 year ago | Reply

I am all for that!!!! Good luck.

by kappa1
about 1 year ago | Reply

Good luck!

by zarasarshad
about 1 year ago | Reply

You have my vote! ;)

by iampaula
about 1 year ago | Reply

THANK YOU PAULA!!!

by lillykam
about 1 year ago | Reply

Lilly! Valuable proposal! Good luck!!

by Feng Anna
about 1 year ago | Reply

THANK YOU SO MUCH!!

by lillykam
about 1 year ago | Reply

Lilly, such a wonderful proposal! Democratising innovation, if anyone can make this happen I am pretty certain that it is you. All the best from Gibraltar!

by LiyaW
about 1 year ago | Reply

THANKS SO MUCH LIYA!!

by lillykam
about 1 year ago | Reply

THANKS SO MUCH LIYA!!

by lillykam
about 1 year ago | Reply

Great proposal! Best of luck Lily. I'll pass it along to my networks as well to get more votes! :D

by clara.tsao
about 1 year ago | Reply

Whoops I thought my other comment did not submit so sent in two :) oh wells!

by clara.tsao
about 1 year ago | Reply

Ahhh thank you so much for your support, Clara!!!

by lillykam
about 1 year ago | Reply

Good luck Lily! I'm rooting for you. Loretta

by levansvz
about 1 year ago | Reply

Thank you so much for your support Loretta!!

by lillykam
about 1 year ago | Reply

All the best Lily

by steven.cheng.1238
about 1 year ago | Reply

Thank you so much Steven!!!

by lillykam
about 1 year ago | Reply

You have my vote! Go get'm Lily!

by karibusman
about 1 year ago | Reply

Thank you so much Kari!! xx

by lillykam
about 1 year ago | Reply

Go Lilly!

by Rossana Lin
about 1 year ago | Reply

Thank you so much for your support Rossana!!

by lillykam
about 1 year ago | Reply

Best of luck! You have my vote.

by iamluisfelipe
about 1 year ago | Reply

Thank you so much for your support!! i.am.fans are THE BEST!

by lillykam
about 1 year ago | Reply

You have my vote! #trans4m

by jessica.sheehan
about 1 year ago | Reply

Thank you so much for your support!!

by lillykam
about 1 year ago | Reply

Great proposal, I wish you best luck!

by mbr987
about 1 year ago | Reply

Thank you so much for voting!!

by lillykam
about 1 year ago | Reply

This proposal is amazing. You easily have my vote!

by michael2010
about 1 year ago | Reply

Thank you so much for your support!!

by lillykam
about 1 year ago | Reply

Good luck Lily. Great proposal. Voted and will pass it on to my networks to help the best way I can.

by clara.tsao
about 1 year ago | Reply

I can vouch for Lily's determination and follow-through, having seen her unite the entire foreign alumni network in Beijing!

by erin.l.henshaw
about 1 year ago | Reply

Ahh thank you so much Erin !!!!

by lillykam
about 1 year ago | Reply

The ability to formulate a model such as this is valuable not just for East LA, Ca. but for many communities around our nation. I appreciate the commitment to transform a community which as a result wil serve as an excellent model for other communities to do the same.

by jean.m.ayala.9
about 1 year ago | Reply

Pink-ribbon-award-box-icon
Award_topvotedidea
$1,000,000 in total grants
Circle-1-inactive Step1-title-submission-inactive

Submission Began
Tuesday, February 26

Submission Ended
Thursday, March 28
at 12:00 PM PDT

Circle-2-inactive Step2-title-voting-inactive

Voting Began
Tuesday, April 02

Voting Ended
Wednesday, April 17
at 12:00 PM PDT

Circle-3 Step3-title
Homeboy Industries: Hope Has An Address
Homeboy Industries: Hope Has An Address

Winner Announced
Wednesday, May 08

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