Southern California
251 S. Lake Avenue, Suite 800, Pasadena, CA, 91101, United States
Overview
Alliance for Southern California Innovation links innovators to capital and experienced operators through a unique partnership with SoCal’s research institutions and business leaders in order to nurture and accelerate the growth of a vibrant entrepreneurial ecosystem in Southern California. It aims to nurture and accelerate the growth of a technology epicenter in Southern California, which in turn should draw significant new venture capital investment in the region. The Alliance is expected to improve job prospects locally for University graduates and to help attract additional sources of funding for individuals and entities, in part by facilitating licenses to University and research institute technology.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Banking
- Finance
- Financial Services
- Information Technology
- Non Profit
- Venture Capital
Investment portfolio
- Mitico
Participated · Seed · Feb 2025
Mitico develops a post-combustion carbon-capture system that uses potassium carbonate pebbles bound with an additive to prevent them from turning to mush, leveraging a carbonation/decarbonation reaction the CEO described as “prehistorical chemistry.” The pebbles can capture more than 95% of the CO2 in an exhaust stream; once saturated the material is heated to release CO2 for storage or for use in plastics or e-fuels. The company claims that at commercial scale its approach should capture a metric ton of CO2 for much less than $85. An early pilot is attached to a boiler at a refinery in Thailand, and Mitico is initially targeting industrial-scale boilers with ESG-driven customers. Its broader plan is to expand into major emitters, with natural gas power plants cited as the real target market. To support scaling and build larger pilots, Mitico completed a seed fundraising round.