Venice-based Amplify is a startup incubator, a company that assists entrepreneurs in pitching their ideas to venture capitalists.
From: Venice-MarVista Patch:
“Los Angeles Mayor Antonio Villaraigosa on Wednesday toured the grounds of Venice startup Amplify, a company that provides entrepreneurs with initial capital, office space and mentoring to take an idea from concept to realization.
In recent years, Venice and the Westside have emerged as hotbeds for the tech industry, and the proliferation of such companies have dubbed the area Silicon Beach. Amplify launched in December 2011, and has thus far coached 14 teams – comprised of approximately two or three members – many of whom have secured additional venture capital to grow their companies.
“It’s good to see this vigor here,” Villaraigosa said. “Through this platform, you can generate exponential growth in an industry that really should be here.”