Description
Plug and Play LA is the Los Angeles chapter of the Plug and Play Tech Center innovation platform — a global startup accelerator, corporate innovation partner, and early-stage venture ecosystem originally founded in 2006 and headquartered in Sunnyvale, California, USA. Plug and Play’s Los Angeles presence operates as part of this broader global network, connecting local startups to corporate partners, investors, and global resources to accelerate growth and scaling.
Specific Program / Funding Stage
Pre-Seed → Seed / Early Growth Support (via Global Accelerator Programming)
- Plug and Play runs industry-vertical accelerator programs spanning many sectors (e.g., fintech, health, mobility, brand & retail, sustainability) and stages — mostly focused on pre-seed through early growth ventures.
- Its LA hub functions as a regional deployment point for these programs, mobilizing corporate partnerships and cohort activities locally while startups remain participants in the Plug and Play global acceleration ecosystem.
Investment Model & Equity
Venture Capital & Strategic Investment
- Plug and Play acts as both a startup accelerator and a venture capital investor. Its broader platform invests in early-stage tech companies globally, typically at pre-seed and seed stages (reports suggest initial checks in roughly $50K–$400K range, though actual terms vary by fund and program).
- Equity terms are negotiated per deal rather than a fixed universal accelerator-style equity share. As a corporate innovation and VC platform, the capital terms depend on the specific vertical, program, and negotiation with founders.
Equity Taken
- Unlike standardized accelerators where equity is mandated for participation, Plug and Play’s accelerator access doesn’t necessarily require equity by default — its core value comes from corporate introductions, pilot opportunities, and ecosystem access. However, venture investments it participates in will have equity terms negotiated on a case-by-case basis when it leads or joins a financing round.
Equity / Funding Structure
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Accelerator Access: Access to Plug and Play programming and corporate partner networks does not automatically come with a fixed equity charge — instead, startups benefit from strategic introductions and pilot pathways that can drive capital efficiency and external funding traction.
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VC Investments: Separately, Plug & Play Ventures invests in startups at early stages — with negotiated equity stakes as part of those investments through its venture funds or syndicates, much like a venture capital firm.
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Flexible Model: Because Plug and Play functions as both an innovation platform and a VC network, its involvement spans corporate partnership access, pilot engagements, and equity investments, depending on company stage and program fit.
Application / Submission Method
How to Apply
- Founders typically apply to Plug and Play’s accelerator programs through the Plug and Play website, selecting programs aligned with their sector or geographic cohort.
- While there is no fixed equity requirement for application, competitive selection depends on traction fit, product maturity, team, and strategic partner demand.
Regional Participation
- The LA hub may offer local cohort events, Office Hours, and corporate demos tailored to the Southern California ecosystem, but startups still engage with the Plug and Play global framework for mentorship, introductions, and acceleration.
Process
Application: Apply to relevant vertical-specific accelerator programs on the Plug and Play portal.
Selection & Fit Assessment: Strategy calls and evaluations with program leaders and corporate partners.
Program Matchmaking: Curated mentor and partner introductions to support traction and pilot opportunities.
Corporate Engagements & Demo Days: Events and showcases that help startups get visibility with partners and investors.
Investment / Follow-On: Potential capital participation via Plug & Play’s VC ecosystem occurs on a negotiated, deal-by-deal basis.