create / 2020

Version One App Accelerator

Version One App Accelerator

Idea submitted in the My LA2050 Grants Challenge by Startup Coil LLC

Born out of the Startup Coil MVP program and in partnership with V ONE Inc, the Version One Accelerator helps small business owners and aspiring startup entrepreneurs launch native mobile apps. With the help of LA2050, the App Accelerator can offer scholarships to local entrepreneurs so they can take some of the difficult first steps toward success without needing to risk thousands of dollars on software developer costs. They will each emerge from the program with a fully functional mobile app and the business skills to keep making progress.


In which areas of Los Angeles will you be directly working?

  • Central LA
  • East LA
  • San Gabriel Valley
  • San Fernando Valley
  • South LA
  • Westside
  • South Bay
  • Antelope Valley
  • County of Los Angeles
  • City of Los Angeles

In what stage of innovation is this project?

Expand existing program

Please list the organizations collaborating on this proposal.

  • Version One Accelerator is a joint venture of:
  • Startup Coil, LLC
  • and
  • V ONE, Inc.

If you are submitting a collaborative proposal, please describe the specific role of partner organizations in the project.

Startup Coil is the largest startup, entrepreneurship, and technology community in Southern California.

V ONE Inc provides the software platform, tools, and developers to make sure every project in the accelerator has the resources required to launch a fully functional mobile app by the end of the program.

What is the need you’re responding to?

mall business owners and aspiring entrepreneurs, though facing myriad challenges, almost always struggle with the technical hurdles of getting their early software developed quickly and affordably.

We have built a program to rapidly move their projects forward which also guides them in best practices for building a sustainable product.

Why is this project important to the work of your organization?

After building the largest startup networking community in Los Angeles, feedback from our community members has made it clear that these are the greatest challenges and roadblocks for Los Angeles startup founders and small business owners.

Our scope and experience, over 8+ years, has led us to this solution: The Version One App Accelerator.

Approximately how many people will be impacted by this proposal?

50
Direct impact
50,000
Indirect impact

Please describe the broader impact of your proposal.

Underserved individuals in our city rarely have access to the resources to take the risks that entrepreneurship entails. We want everyone to have a chance to participate in the future of our economy and can, with support, deliver this access to dozens, and in time, thousands of Angelenos.

L.A. can and will be the city of the future, and that starts by keeping our innovators here and giving them a chance to succeed.

Please explain how you will define and measure success for your project.

Our vision of success is to yield at least 50 fully launched mobile software products for LA2050 scholarship recipients within 6 months of the scholarship being implemented.

Which of the create metrics will your submission impact?​

  • Minority- and women-owned businesses
  • High-growth startups
  • Venture capital investment

Are there any other LA2050 goal categories that your proposal will impact?

  • LA is the best place to CONNECT

Which of LA2050’s resources will be of the most value to you?

  • Access to the LA2050 community
  • Host public events or gatherings
  • Communications support