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New Startup Accelerator Plans To Bring Tech Boom To Long Beach

Release Date: 2019-05-06

By: Alena Maschke

From Silicon Valley in the Bay Area to Silicon Beach in West Los Angeles, the California coast is famous for its startup culture. A new public-private taskforce in Long Beach is now hoping to extend the startup axis further to the south.

The City of Long Beach, in partnership with the Institute for Innovation and Entrepreneurship at California State University, Long Beach (CSULB) and private equity wealth management firm Sunstone Management Inc., recently announced the launch of a startup accelerator to be housed at the World Trade Center in Downtown Long Beach.

“The primary goal for the accelerator – big picture – is really [to] build the support in the city for early stage tech startups,” Economic Development Director John Keisler told the Business Journal. “We need to provide a place where early stage tech startups can access different forms of capital and get the preparation they need to be successful in developing their solutions as well as the legal, financial [and] business planning, so they can actually secure funding. That doesn’t exist in the city.”

Read more on the Long Beach Business Journal