Initiatives
Our mission
Is to improve the bottom line for bar and nightclub owners/operators by leveraging
a constant flow of innovative products and solutions that will increase consumers
Immersive Experiences (IX) thus increasing revenues while decreasing operational costs.
Incubation
This is the first phase of our process where we source and identify high- caliber innovators that will participate in our marketplace.
Implementation
As successful (former) owner/operators we know what type of technology innovations are missing from the market and are best-positioned to address such limitations.
Distribution
As an exclusive partner to LA Fund American Nightlife Association (ANA) with its 30,000+ members is an ideal sales hub for all of our startups looking to scale their innovative solutions quickly and efficiently.
Phase one
Selection Process
The initial process starts with review of numerous applications followed up by selecting up to 20 start-ups. This is accomplished with close collaboration and support by 500 Startups Innovation Team that helps us define key business/tech challenges that need to be addressed.
Example Challenges:
- Increase in-lounge customers engagement via immersive experience (IX);
- Create an atmosphere where customers will increase drinks and bottles purchases;
- Expand product and service offerings to expand foot traffic for each venue.
Phase two
Optimization
#HI-Labs is an expanded incubation program where LA Fund works with the most promising start-ups by optimizing their technologies and solutions to ensure each can start generating revenues.
The program consists of 3 stages with each stage meticulously designed to enhance their solutions, create a track record and scale the business.
To accomplish this phase LA Fund (in association with ANA) will have over 100 participating bars/nightclubs in Las Vegas, Los Angeles and San Francisco where data and associated metrics are collected and analyzed to certify that each start-up is ready to move to the next stage.
Phase three
Bootcamp
LA Fund & 500 Startups
Hospitality Track Collaboration
500 Startups and LA Fund have partnered to build a hospitality ecosystem and marketplace to accelerate the deployment of fully tested and mature technology solutions.
To safeguard against incomplete solutions LA Fund and 500 Startups will organize a Bootcamp in Las Vegas and emulate real-world scenarios. 500 Startups contributes with its experienced early-stage investors and operators as mentors for each startup during an intense one-week program.
Growth programs centered around specific
co-created innovation challenges help us
demonstrate our capabilities in supporting
startup scaling and also build relationships with
PoC-ready startups.
500 Startups deploys experienced startup
investors and operators as mentors to build
growth capabilities of startups in batch over a
1-week program.
Phase four
Point of Innovation
POI is a B2B/B2C hardware platform powered by
Intel which will implement a variety of
hospitality applications, all integrated into a
single device.
- POI is a smart app management system that
delivers performance, versatility, and total control
over digital assets of a venue’s daily operations. - POI creates immersive mobile experiences to
engage and acquire customers.
Phase five
Pavilion of
Innovation
Nightclub & Bar Trade Show (the world’s largest
nightlife convention) & LA Fund have partnered to
create a new innovation pavilion at the 2020
NC&B, showcasing LA Fund portfolio startups.
- Attended by over 40,000 professionals The Nightclub
& Bar Show is the world’s most influential gathering
of bar and nightlife operators get together learn,
network and expand their businesses!
- The 2020 show celebrates 35 years and will host
400+ exhibitors and more than 50K attendees on
the innovative expo floor, leading experts from the
industry in the comprehensive conference program,
and an unparalleled nightlife lineup.
- LA Fund’s Pavilion will share solutions and
showcases from @HI_LABS and bring together
tech startups, bars, restaurants, hotels, and
nightclubs.
Phase six
Market Access
& Funding
With its 30,000+ members ANA is the perfect sales &
distribution hub for all our startups where they can
introduce innovative solutions while minimizing both
technology and market risks. Making life easier for
startups is about more than just advice.
LA Fund’s experienced staff will also provide investment
leadership and mentoring advice and guidance during the
participating start-ups development process and, based
on results, can then opt to lead follow-up investments.
Using standard deal terms offered to our Seed
Program participants, LA Fund directly
invests in startups selected for the batch.
Hospitality Re-engineered ™
Copyright 2019 – LA Fund | All Rights Reserved
Initiatives
Our mission
Is to improve the bottom line for bar and
and nightclub owners/operators by leveraging
a constant flow of innovative products and
solutions that will increase consumers
Immersive Experiences (IX) thus increasing
revenues while decreasing operational costs.
Incubation
This is the first phase of our process where we
source and identify high- caliber innovators that
will participate in our marketplace.
Implementation
As successful (former) owner/operators we know
know what type of technology innovations are
missing from the market and are best-positioned to
address such limitations.
Distribution
As an exclusive partner to LA Fund American
Nightlife Association (ANA) with its 30,000+
members is an ideal sales hub for all of our startups
looking to scale their innovative solutions quickly
and efficiently.
Phase one
Selection Process
The initial process starts with review of numerous applications followed up by selecting up to 20 start-ups. This is accomplished with close collaboration and support by 500 Startups Innovation Team that helps us define key business/tech challenges that need to be addressed.
Example Challenges:
- Increase in-lounge customers engagement via immersive experience (IX);
- Create an atmosphere where customers will increase drinks and bottles purchases;
- Expand product and service offerings to expand foot traffic for each venue.
Phase two
Optimization
#HI-Labs is an expanded incubation program where LA Fund works with the most promising start-ups by optimizing their technologies and solutions to ensure each can start generating revenues.
The program consists of 3 stages with each stage meticulously designed to enhance their solutions, create a track record and scale the business.
To accomplish this phase LA Fund (in association with ANA) will have over 100 participating bars/nightclubs in Las Vegas, Los Angeles and San Francisco where data and associated metrics are collected and analyzed to certify that each start-up is ready to move to the next stage.
Phase three
Bootcamp
LA Fund & 500 Startups
Hospitality Track Collaboration
500 Startups and LA Fund have partnered to build a hospitality ecosystem and marketplace to accelerate the deployment of fully tested and mature technology solutions.
To safeguard against incomplete solutions LA Fund and 500 Startups will organize a Bootcamp in Las Vegas and emulate real-world scenarios. 500 Startups contributes with its experienced early-stage investors and operators as mentors for each startup during an intense one-week program.
Growth programs centered around specific co-created innovation challenges help us demonstrate our capabilities in supporting startup scaling and also build relationships with PoC-ready startups.
500 Startups deploys experienced startup investors and operators as mentors to build growth capabilities of startups in batch over an intense one-week program.
Phase four
Point of
Innovation
POI is a B2B/B2C hardware platform powered by Intel which will implement a variety of hospitality applications, all integrated into a single device.
- POI is a smart app management system that delivers performance, versatility, and total control over digital assets of a venue’s daily operations.
- POI creates immersive mobile experiences to engage and acquire customers.
Phase five
Pavilion of
Innovation
Nightclub & Bar Trade Show (the world’s largest nightlife convention) & LA Fund have partnered to create a new innovation pavilion at the 2020 NC&B, showcasing LA Fund portfolio startups.
- Attended by over 40,000 professionals The Nightclub & Bar Show is the world’s most influential gathering of bar and nightlife operators get together learn, network and expand their businesses!
- The 2020 show celebrates 35 years and will host 400+ exhibitors and more than 50K attendees on the innovative expo floor, leading experts from the industry in the comprehensive conference program, and an unparalleled nightlife lineup.
- LA Fund’s Pavilion will share solutions and showcases from @HI_LABS and bring together tech startups, bars, restaurants, hotels, and nightclubs.
Phase six
Market Access
& Funding
With its 30,000+ members ANA is the perfect sales & distribution hub for all our startups where they can introduce innovative solutions while minimizing both technology and market risks. Making life easier for startups is about more than just advice.
LA Fund’s experienced staff will also provide investment leadership and mentoring advice and guidance during the participating start-ups development process and, based on results, can then opt to lead follow-up investments.
Using standard deal terms offered to our Seed Program participants, LA Fund directly invests in startups selected for the batch.
Hospitality Re-engineered ™
Copyright 2019 - LA Fund | All Rights Reserved