Enplug reflects our own long-term mission to innovate and grow the economy in LA with new tech industry jobs. We're very excited to support Enplug with the resources of our unique incubator-accelerator model.
Los Angeles, CA (PRWEB) May 28, 2013
Be Great Partners, the leading technology incubator in Los Angeles, CA is proud to announce their latest investment in Enplug. The move represents Be Great Partners' dedication to creating jobs in the Los Angeles technology sector and boosting LA's status as the third-largest startup ecosystem in the world.
"We invest in startups who show potential to revolutionize their respective spaces," said Lin Miao, CEO of Be Great Partners. "Enplug reflects our own long-term mission to innovate and grow the economy in LA with new tech industry jobs. We're very excited to support Enplug with the resources of our unique incubator-accelerator model."
With a $6 million fund at its disposal, Be Great Partners invests $25,000 to $50,000 in new startups with potential for long-term growth and innovation. The incubator-accelerator offers this financial capital paired with hands-on development resources uniquely tailored for each startup. These resources include dedicated mentorship from industry experts, world-class office facilities, legal services, and a diverse team of skilled developers.
By working directly with the entrepreneurs, Be Great Partners intends to grow these startups and lay a foundation for lasting success in Los Angeles' tech sector and the global economy.
Enplug, a dynamic young company revolutionizing real-time, social-integrated interactive digital billboards, will receive this comprehensive support from Be Great Partners. Located in high-foot traffic areas, these billboards have IDs that allow anyone to pick exactly which screens they want to control and upload content to via Enplug’s online portal, sharing the virtual world to the physical world.
Having out-grown their Bel Air headquarters, Enplug needed space for 15 new employees and interns. These additional team members will be working out of Be Great Partners' office in the historic Variety Building on Miracle Mile, where they will have the chance to participate in Be Great Partners' company culture. This includes a dedicated media room, unlimited snacks and soft drinks, and free meals in exchange for donations to support the Los Angeles Regional Food Bank.
Additionally, Be Great Partners is funding Enplug's copyright process and furnishing Enplug with the services of a top Intellectual Property attorney.
“When I first learned about Be Great Partners, I immediately wanted to meet Lin Miao, their CEO because I was extremely impressed with his background as an incredibly successful young entrepreneur”, said Nanxi Liu, Enplug CEO. “After meeting with Lin, it was clear that he could relate to our young startup team at Enplug and he completely understood our technology and vision. At Enplug, our team live and work together so it’s very cool to BGP as an investor that shares our startup’s family-orientated attitude.”
Seeking big data projects in consumer finance and affiliated fields, Be Great Partners understands the need for innovative solutions and new applications. The incubator-accelerator is actively investing in the brightest new entrepreneurial talent and ideas.
To submit their startups for consideration, entrepreneurs are encouraged to apply online at begreatpartners.com or email incubator(at)begreatpartners.com. There is no end date or deadline to join Be Great Partners.
ABOUT BE GREAT PARTNERS
Be Great Partners (BGP), the leading technology incubator in Los Angeles, has an active $6 million fund to expand LA's startup ecosystem and bring the most talented tech startups and continued long-term job growth to Los Angeles, specifically its Miracle Mile. The company is seeking big data projects to invest an average capital ranging from $25,000 to $50,000, while providing the startups with strong mentorship, world-class facilities and a team of 25 innovative developers. Be Great Partners works directly with entrepreneurs to develop their project's full potential.