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The Big Picture San Diego Blog


Talent and Universities

December 31, 2013
The story of the San Diego region is one of collaboration. This means when events take an unexpected turn, we can lean on one another to move the region forward. We have companies - that many would perceive as competitors - working together to secure San Diego’s cyber infrastructure. We have public/private collaborations working to increase the region’s global footprint. We have everyone from entrepreneurs to Fortune 500 companies looking to invest in the region. And we have a strong group of universities that are working together to produce one of the most talented workforces in the nation.
 
 “Good News” is all around us. For the second year in a row, we've compiled a list of some of the greatest moments of the year. As 2013 draws to an end, let’s reflect on the remarkable accomplishments across our entire mega-region, and raise a toast (preferably a San Diego craft beer) to another year of positive headlines.
 
With unwavering appreciation,
Team EDC
 

 

Convention Center expansion is green lighted
In October, a coalition of local union members, business leaders and elected officials showed up at the California Coastal Commission hearing to advocate for a the expansion of the San Diego Convention Center. When the Coastal Commission voted unanimously to move forward with the expansion, they were not only voting for a larger facility with more waterfront access, but also to bring an additional $698 million in economic impact and 6,685 jobs in the region. The expansion of the Convention Center means we can make way for many of the mega-conventions, such as Comic-con, that had their San Diego presence threatened by lack of capacity

 

Unmanned Center of Excellence adds 300 jobs to economy
San Diego has emerged as an Unmanned Systems hub. Recognizing the talent and opportunities present in the region, Defense innovator Northrop Grumman designated San Diego its Unmanned Systems Center of Excellence. The designation meant 300 more jobs at the company's Rancho Bernardo location.

 

 

San Diego Central Library completed 
A great city needs a great library. With the completion of the San Diego Central Library, San Diego residents now have a library they are proud of. The new East Village location boasts local art installations, an expanded career center, a charter school, and more workspace, in in a visually stunning iconic building.

 

 

 


We live in the most inventive region in the U.S. 
Although we've tried not to focus on rankings, this is one we simply can't ignore. In July, the Organization for Economic Co-Operation and Development released its ranking of the world's most inventive cities. Second on the list - right behind Eindoven, Netherlands - was San Diego. The city claims 8.9 patents for every 10,000 residents, thanks to companies such as Qualcomm. 

 

 

 

Cross Border terminal makes Mega-Region more accessible 
As the U.S. and Mexican governments launch a new initiative to build stronger business ties across the border, they are looking at San Diego's Cali Baja Bi-national Mega-Region as a model for finding ways that industry clusters in both countries can work together. Many examples show the strength of the mega-region, but it's the new cross border terminal that has grabbed headlines recently. Border infrastructure has been improving, and the new cross border terminal will allow travelers from San Diego and Tijuana to hop on flights out of the neighboring cities. 

 

 

San Diego Airport's Green Build takes off
Improvements at the airport have finally landed. The San Diego International Airport's Green Build expansion culminated in August ahead of schedule and under budget. The stunning new new terminal features 10 new gates, pet-friendly amenities, extensive public art displays and is infused with local dining favorites so travelers can get a taste of San Diego while they wait. 

 

 

 

Pivot to the Pacific sends resources to San Diego
The United States defense strategy has deemed that a Pivot to the Pacific, aligning defense resources with the Pacific Rim, is a crucial foreign policy strategy. Because of San Diego's location and existing military footprint, this meant the region was well-positioned, despite sequestration, to gain valuable resources. The USS Reagan and its 2,500 person crew returned to San Diego after a year in maintenance. The USS Vinson, and its 6,000 plus crew, also returned to its port in San Diego. According the SDMAC Military Economic Impact Study, the two aircraft carriers home ported here will each add about $500 million to the economy.

 

 

 

Kickstarter backed films puts San Diego on Hollywood's radar
San Diego may never be Hollywood (we're fine with owning technology and innovation), but a few features have put the region on the map. The year started with 'Inocente', a story about a homeless San Diego teen, becoming the first Kickstarter backed movie to win an Oscar. Fans turned to Kickstarter again to fund a film version of 'Veronica Mars,' a series that chronicles the life of a teenage San Diego detective. The trailer premiered at Comic-con in July. Although San Diego's favorite fictional news team may not have been backed by Kickstarter, with the release of Anchorman 2, the phrase "Stay Classy, San Diego" worked its way back into lexicon this year.

 

 

 

Intellect leads innovation economy
San Diego's top tier universities are essential for priming a talented workforce that helps push the economy forward. When President Obama announced his BRAIN initiative in April, UC San Diego Chancellor Pradeep K. Khosla. was invited to Washington. Given its strong cognitive sciences program, the university - which raked in more than $1 billion in research funding this past year - will be one of the academic institutions leading the charge. Cal State San Marcos welcomed its biggest class and held true to its 'vet' friendly reputation.  San Diego State University found itself among the nation's highest ranked universities in terms of affordability and ROI, which may be one of the reasons it recently announced a record number of applicants for 2014. Point Loma Nazarene has been identified as one of the best value private colleges in the U.S. University of San Diego's part time MBA programs broke the Top 20 on BusinessWeek's list. Online education pioneer Ashford University partnered with Forbes to create cutting-edge materials for its Forbes School of Business. National University, a leader in policy research, has partnered with EDC and other regional organizations on studies to quantify the sports and active lifestyle and cybersecurity clusters. 

Construction on desalination project begins

Construction on the largest desalination plant in the western hemisphere began in early 2013. The construction of the plant will provide more than 2,300 jobs and will sustain 575 jobs when it is completed in 2016. Not only does the Carlsbad facility employ ground-breaking local technologies, but it also promises to transform about 50 million gallons of seawater into drinking water each day, which will meet 7 to 10 percent of San Diego’s water needs.

 

 

 

Brookings lays framework for global competitiveness strategy
Last fall, San Diego was selected as one of eight U.S. cities to participate in the Brookings Metropolitan Exchange Initiative, a project that helps regions implement customized export plans. In May, a collaborative made up of representatives from the Port of San Diego, San Diego Regional Airport Authority, UC San Diego, JP Morgan Chase and others came together to release a market assessment, the first phase in delivering a plan. Since then, working groups have been addressing infrastructure, talent, small and medium-sized enterprises, and market diversity to come up with a plan to boost the region's exports. The collaborative will release the final export plan - which will help with the region's overall global competitiveness strategy - in early 2014.

Craft Beer powers regional economy
Look out Munich, we're nipping at your heels. The San Diego region, which is home to more than 70 craft breweries, is commanding a growing percent of the nation's craft beer production. The region embraced its craft beer culture, with places like the Airport integrating beer into in the region's identity. From Men's Journal to The New York Times, people worldwide are also catching wind of breweries such as Stone, Ballast Point, Karl Strauss. This year, the industry hosted its first "SD Craft Beer Hospitality and Tourism Summit" to talk about how San Diego can propel its image as a premier craft beer destination forward. 

 

 

November 7, 2013

California group photo with Sec. of Commerce Pritzker

EDC recently joined a delegation of nine California organizations, organized by the California Governor’s Office of Business and Economic Development (GO-Biz), at the inaugural SelectUSA  Investment Summit in Washington D.C. The goal was to promote the golden state as the prime spot for international trade and investment. Hosted by the Department of Commerce, the summit connected top-level corporate executives and investors from the U.S., and around the globe, with the nation’s economic development organizations at the state, regional, and local levels.

Despite the federal government shutdown a few weeks prior, it was business as usual in the nation’s capital.  “The United States is open for business,” President Obama told a sold-out room at the conference. 

The two-day conference welcomed more than 1,000 attendees from nearly 60 international markets and 47 U.S. states, three U.S. territories, and the District of Columbia. Featured speakers, in addition to the President, included Secretary of Commerce Penny Pritzker, Secretary of State John Kerry, Bill Simon (President and CEO of Walmart U.S.), Parker Harris (Co-Founder of Salesforce.com), and Ludwig Willisch (CEO of BMW North America).  The summit also featured more than 70 high-level speakers covering topics such as workforce development, public-private partnerships through infrastructure investments and exports.

Why is foreign direct investment (FDI) important?  Direct investment in the United States – from foreign or domestic firms – is a critical factor in economic growth and job creation.  In 2012 alone, the U.S. attracted more than $160 billion in foreign direct investment (FDI), making us the world’s top destination for FDI.  In 2011, foreign-owned companies in the U.S.  were responsible for employing 5.6 million U.S. workers. 

Where does California stack up in comparison to other U.S. states?  In April of this year, California Governor Jerry Brown announced more than $1.8 billion in deals making the state number one for attracting FDI.  Foreign-owned companies account for more than 700,000 jobs in the state.

At the conference, President Obama  announced the first-ever comprehensive effort led by the federal government to attract job-creating foreign investment to the U.S. through the expansion and enhancement of the SelectUSA initiative. The initiative seeks to grow FDI as the nation emerges from the recession and becomes an increasingly competitive location for attracting investment due to rising productivity, abundant low-cost energy and rising costs elsewhere.  With the announcement,  regions like San Diego can expect a smart FDI strategy that integrates export promotions, workforce development, innovation cluster creation and land use planning.   Such a strategy will reap the many benefits of international trade and investment—including new better paying jobs, new tax revenues, knowledge spillover and global connectivity. 

What does this mean for San Diego?  San Diego’s active role in    the State of California’s collaborative and coordinated investment promotion efforts is needed to engage and attract future investors;  our partnership with the Brookings Institution on the Metropolitan Export Initiative will create a regional export strategy that will boost the local economy and create jobs; and our ongoing involvement with the Global Cities Initiative to spur and strengthen regional global engagement puts San Diego on track for creating a blueprint for  global competitiveness.


posted by Daichi Pantaleon

November 1, 2013

101 San Diego Companies made Inc 5000 list of fastest growing companies

Earlier this week, Inc. magazine released its annual Inc. 5000 list of fastest growing companies. More than 100 companies in San Diego metro made the list, including four EDC Investors: SKLZ,Sentek GlobalD&K Engineering and VAVi Sport and Social Club. Other prominent San Diego region businesses made the list, such as Stone Brewing and Quality Controlled Manufacturing, who recently participated in San Diego Manufacturing Day with EDC and other regional partners. 

The Inc. 5000 list ranks companies by revenue growth from 2009 through 2012 for companies that are U.S.-based, privately-held, for profit, and independent with 2012 revenues greater than $2 million. The 101 San Diego companies on the list totaled more than $1.75 billion in annual revenue in 2012. Among all US metros, San Diego had the 13th most companies on the list. 

This list shows San Diego's businesses are gaining steam. While we're home to one percent of the nation's privately-held businesses, San Diego companies make up 2 percent of this year's Inc 5000  list.

Click here to see the full Inc. 5000 list. Click here to see the full list of San Diego metro businesses.

October 31, 2013

NACIC 2013 panel image

Earlier this week the San Diego Regional Chamber of Commerce and The Mexico Business Center hosted the North American Competitiveness and Innovation Conference (NACIC). The conference focused on cross border trade and business opportunities between the U.S., Mexico and Canada. 
 
One of the most popular panels focused on developing workforce talent and was moderated by EDC’s CEO Mark Cafferty. The panelists were Bill Bold, sr. vice president of QUALCOMM, Lauren Friese, CEO and founder of TalentEgg from Ontario, Canada and Rafael Sostmann, professor of practice for education innovation and special advisor to the president of Arizona State University.
 
Mark opened the session by explaining that San Diego Regional EDC’s attraction efforts focus on corporate executives and talent, specifically young people just graduating from universities. He said competitiveness for North America is about talent and asked the panel: “How we develop the workforce of the future?”
 
Rafael, an engineer by training, is also the former president of Mexico’s largest private, nonprofit educational system, Tecnológico de Monterrey. He suggested that industry linkages with universities are critical. At ASU, student startups are supported through on campus incubators and on campus industrial parks leased to businesses.
 
Lauren explained that she started her company, an online tool that connects young talent with job opportunities, after she finished graduate school in London. She discovered that linkages between students and industries were much stronger in the United Kingdom than in Canada. Inspired by the tools she saw working in the UK, she replicated the networking platform through TalentEgg. She suggested that too often employers only want to hire young people with “the right” degree, when there are plenty of people who can be trained for just about any career. 
 
Bill spoke about the investments and partnerships QUALCOMM has with students and universities to grow its future workforce. As a world leader in mobile communications and computing technologies, QUALCOMM licenses its innovations to smart phone manufacturers. QUALCOMM is also the world’s largest producer or semiconductors. Of its 31,000 employees worldwide, 81 percent have a degree in a STEM field. The mobile giant is dependent on international markets; While 92 percent of the company's revenues are earned outside the U.S 67 percent of its workforce is in San Diego because they care about hiring locally. Bill said Qualcomm is intense about recruiting – pursuing only the top one percent of graduates from the top five percent of universities – likening it to college football recruiting. Last year Qualcomm had 1,100 paid interns, of whom 300 got offered full time jobs, and 250 accepted. The company recently invested $20 million in a new engineering center at Berkeley to build a cutting-edge program blending art, architecture and engineering. 
 
Responding to a question from the audience about the best ways to prepare young people for careers, the panel pointed to the German apprentice-style model. Germany’s vocational education system pairs classroom studies with on-the-job learning. Students apply for a specific apprenticeship at a company. For two to three years they spend a few days a week at a work site, getting paid a stipend from their employer, and one to two days a week in a classroom learning theory. They graduate with a certificate that signifies they know all the basics to begin working professionally in their fields. Not only are the certificates standardized throughout Germany,  but they are also well-respected and often a necessary requirement for jobs. Companies like Siemens have brought the work experience aspects of the program to the U.S. offering students here similar opportunities. 
 
If San Diego wants to maintain its share of talent, it would be in our best interest to explore similar programs. 
 
October 21, 2013

Illustrating some of the dynamic uses for unmanned system.

Illustrating some of the dynamic uses for unmanned system. Clockwise from top left: Drone used for newspaper delivery (The Atlantic), prepping a wildfire- fighting drone for launch (The New York Times), simulation of a lifeguard/lifesaving drone (AUVSI), agricultural drone used for weed control (3dRobotics/ Diydrones.com) 

If you stopped 100 people on the street and asked them to name a technology in the past 20 years that has changed the world, it’s safe to assume that the internet would be a top choice. Yet if you ask people about the origins of the internet, many would have to pause for a second to think. In the 1950s, the internet was developed as a tool for military communication. It wasn’t until the mid-90s that the internet was adopted and commercialized for broader use. 
 
San Diego is used to seeing military innovations adopted for commercial use. In fact, many of the region’s largest and most well-known companies – including Qualcomm – were born out of military innovation. 
 
Now, a new technology is being developed for commercial use and San Diego, with its strong military history, trained talent, and diverse terrain, has a decent chance of playing a big role in something that has already began to revolutionize the world. 
 
Unmanned Systems – or drones as they’re often called – have uses ranging from agricultural production to disaster monitoring and wildfire fighting.  
 
A jobs generator 
 
Recognizing the importance of unmanned systems, the FAA has issued a call to establish six test sites across the country, with a goal of working to integrate this technology safely into our airspace.  A recent study from the Association of Unmanned Vehicle Systems International found that California was poised to gain 18,161 jobs if they created a test site- more than any other U.S. state. This does not even take into account the impact of non-aerial unmanned systems for marine and farming use, which will help create even more jobs. The industry would pump approximately $90 billion into the economy in the next decade, generating an estimated $70 million in tax revenue. 
 
In partnership with San Diego Military Advisory Council, EDC and other San Diego partners joined the CAL UAS portal. The proposed testing site would start at the U.S./Mexico border and run from Bridgeport to the North and to the Arizona/Nevada border to the East. The regulations do not allow testing within a 30-mile radius of installations including Lindbergh Field and McClellan-Palomar Airport, meaning most of San Diego’s metro airspace will not be included in testing ranges.
 
San Diego is at a significant advantage. Not only do we have one of the most diverse testing sites in the U.S., but we also have a strong private sector that would help support a testing site. Companies such as 3Drobotics, Northrop Grumman, General Atomics and 5d robotics provide a well-qualified talent pool to help the sector thrive. 
 
Maybe 10 years from now, if we ask people about a technology that has profoundly impacted society, unmanned systems will float to the top of the list. Our hope is that when it does, San Diego is thought of as a leader in this field.
 

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October 15, 2013

Economic snapshot graph

EDC’s economic snapshot shows that San Diego’s economy is gaining steam. From April 2013 to July 2013, the San Diego region added 13,000 private sector jobs. Although the metro’s unemployment rate still stands slightly above the national average, San Diego experienced one of the largest year-over-year declines in the U.S. from July 2012 to July 2013. Only four major U.S. metros – Seattle, Tampa, Detroit and Riverside - experienced a greater decline over that period.

Here’s how the numbers in the snapshot broke down:

  •  Private businesses added approximately 13,000 jobs in the quarter. Hospitality and tourism added the highest number of jobs this quarter, with 7,600. Construction industry added 4,100 jobs in the quarter, which is likely due to many major construction projects ramping up in the summer season. With the recently-approved expansion of the San Diego Convention Center (not included in these numbers), the region will add nearly 7,000 hospitality and tourism jobs and 3,000 construction jobs in a future quarter.
  •  This quarter, the snapshot took a closer look at the Sports and Active Lifestyle industry, based on a report that was recently released. With companies including Taylormade, Sector 9 and other well-known products, San Diego is a designated leader in this important sector. The report found that the industry’s economic impact is equivalent to hosting four Super Bowls annually.
  • San Diego’s foreclosure rate remained lower than the U.S. average in July2013, with only 2.31 out of every 10,000 homes foreclosed during that month
  • All major metros nationwide experienced positive growth in home prices over the quarter and the year, a symptom of the resurging US real estate market. From Q1 2013 to Q22013, home prices grew about 13.7 percent  in the San Diego region.

The quarterly snapshot reports on key economic metrics that are important to understanding the regional economy and San Diego's standing relative to other major metropolitan areas in the U.S. The snapshot only reported on data through Q2 2013. Amidst the current government shutdown, we can only hope that there’s data next quarter to produce a new snapshot.

You can find the complete snapshot here.


The economic snapshot was made possible by Chase Chase Logo
 
October 4, 2013

IMG_0781_cropped

 

Every San Diego company has a unique story to tell. That became very apparent as the region came together to celebrate MFG Day at San Diego City College on Friday. Four panelists representing a diversity of San Diego companies talked about the challenges and opportunities facing the region’s manufacturing sector, which employs more than 90,000 individuals.

Take D&K Engineering, a high-tech manufacturer.  When the entrepreneurs who created EcoATM were looking to make their idea a reality, they went to the Rancho Bernardo firm to create an e-recycling kiosk. As a result, D&K Engineering had to scale up its production and hire more employees. And they chose to do it in San Diego. “Access to talent and the border opportunities are one of the main reasons I chose to start D&K in San Diego. Besides, who wouldn’t want to live here?” said Alex Kunczynski, one of the company’s founders.

The border also adds a significant competitive advantage for local manufacturers. As Interim Mayor Todd Gloria said in his opening remarks, “this is a big deal.” San Diego and Tijuana are currently working together like never before. When asked about why Taylor Guitars chose to open up a manufacturing facility across the border in Tecate, VP of Manufacturing Chris Wellons said “We have a saying at Taylor Guitars. We say ‘We’ll we be happy we did this in 10 years.’” And happy they are. Manufacturing in Mexico, as opposed to China or somewhere else overseas, has given Taylor more control over its finished product. It’s also become more cost competitive.

Wellons alluded to the entrepreneurial spirit of another panelist. Stephan Aarstol started Tower Paddle Boards - a sports and active lifestyle company - in 2010. With a little help from ABC’s “Shark Tank,”he transformed his sales from $3,000 in 2010 to $3 million in 2013.  Although he only has four employees in San Diego, he plans on growing in the coming years, and he’s looking to do it in the region. To him, he’s not just selling a paddleboard but also exporting California culture to consumers all over the globe.

As Chris Wellons of Taylor Guitars echoed, keeping manufacturing jobs close to home really comes down to innovating the process. Taylor Guitars has more than 700 employees, with many of them working out of its El Cajon headquarters. Although customers can still rely on the same quality that made Taylor a household name when it was founded in 1974, the manufacturing process has evolved. Taylor used to carve each of its guitar necks out of an individual piece of mahogany, meaning 60 – 70 percent of the materials were wasted. In 1999, Taylor decided that process needed to change. The result was one of the greatest guitar innovations in the past 100 years.  Instead of using a one-piece neck, Taylor switched to a three-piece neck, which resulted in a 66 percent yield in materials and created a more sustainable product. This, Wellons said, was possible because of the ability to execute a vision, which he thinks is a strength of San Diego.

So what can San Diego do to continue incubating manufacturing?

The answer may be easier said than done. San Diego is fortunate enough to have a highly-educated workforce. The metro currently ranks fourth in the U.S. for Ph.D. attainment rates.  Although Ph.D.-trained workers are essential for many San Diego sectors, as the panelists noted, it’s not necessarily these types of jobs they have trouble filling, but the machinist jobs where workers require hands-on manufacturing skills.

Wellons learned these skills in his high school shop class, and so did many other highly-skilled manufacturers. Admittedly, we focus a lot of time on retaining and incubating high-tech talent, but as Interim Mayor Gloria pointed out “These jobs are important too. They provide a comfortable middle-class life.” San Diego City College provided the perfect backdrop to get this conversation going. As San Diego Community College District Trustee Peter Zschiesche noted, 98 percent of San Diego City College grads remain in San Diego. 

With the guidance of San Diego Community College District and organizations like San Diego Workforce Partnership, San Diego – and it’s nearly 2,800 manufacturers – are looking to put these grads to work.

Of course, this all starts with the conversation we had this morning. A conversation that I’d bet we’ll be happy we had in 10 years.

Please check out MFGday.com for a list of local companies that held tours today,

Media Coverage: 

KPBS, Taylor Guitars still strumming along as example of San Diego manufacturing success

U-T, S.D. county product makers open doors to public

 

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October 4, 2013

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More than 80 business and industry leaders gathered at the Challenged Athletes Foundation to mark the launch of San Diego County's Sports and Active Lifestyle Cluster Report, which quantified the impact of the cluster for the first time. In order to celebrate the industry and learn about challenges, a panel of sports innovators and experts who included John Sarkisian of SKLZ, Peter Callstrom of San Diego Workforce Partnership, and Stephan Aarstol of Tower Paddle Boards, spoke about a variety of topics related to the cluster. Opening remarks from Interim Mayor Todd Gloria and Council President Pro Tem Sherri Lightner emphasized the importance of the industry to both the region's economy and cultural identity. 

Funded by San Diego Workforce Partnership with assistance from San Diego Regional Economic Development Corporation and San Diego Sport Innovators, the study found that the economic impact of the region’s SAL cluster is equivalent to hosting four Super Bowls annually.
 
With more than 1,200 businesses representing approximately 23,000 employees, the industry’s presence on the regional economy adds $2.24 billion in economic activity annually. From 2012-2013, the employment in the sports and active lifestyle cluster outpaced that of the entire county, growing 3-5 percent in the SAL cluster, compared to 1-2 percent growth in San Diego County. Overall, the industry accounted for 1.3 percent of the region’s economy in 2011.
 
“With the release of the study, we have concrete data to talk about a growing industry that is an important part of San Diego’s story,” said Mark Cafferty, president & CEO of San Diego Regional Economic Development Corporation. “As home to the second highest concentration of sports and active lifestyle workers in the U.S., this economic driver has an important place in the region’s innovation economy.”
 
Home to miles of beaches and favorable weather, the study also concluded that San Diego’s natural assets are one of the reasons the region has excelled in forming this cluster.
 
“San Diego is every sports and active lifestyle company’s ideal location,” said Lisa Freedman, executive director of SD Sport Innovators. “While there are other important and larger verticals in San Diego, the sports and active lifestyle cluster is a very strong community where authenticity goes hand in hand with innovation. As a result, people around the globe not only purchase and use, but they also rely on products developed and manufactured right here in Southern California.”
 
As part of the workforce assessment, the study surveyed numerous local companies to determine their employment needs. With 32,407 jobs dependent upon sports, active lifestyle and recreation related activities, cultivating a strong workforce is essential to growing the industry.
 
“As a unified region, our goal is to forge partnerships with businesses, universities and government to ensure that companies continue to find the talent they need so the region can retain its share of the sports innovation industry, ” said Peter Callstrom, president and CEO of San Diego Workforce Partnership.
 
In order to continue grooming the industry for growth, the report concluded with recommendations for helping sports innovation companies thrive including supporting entrepreneurial skills and strengthening cross-border ties for manufacturing partnerships.
 
Check out the executive summary and complete study for more information. More pictures from the event can be found here
 

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July 2, 2013

San Diego Venture Group Cool CompaniesIn 2012, the San Diego region raked in upwards of $1.1 billion in venture funding, beating Texas, Colorado, the DC Metroplex and other locales. At the San Diego Venture Group’s Annual Venture Summit on July 12, participants will be able to interact with more than 120 VCs and 30 “cool” companies.

The Venture Summit is one of the most popular events produced by SDVG and connects numerous top entrepreneurs from the region with many investors from Southern California, the Bay Area and other areas to showcase how the innovation climate thrives in San Diego. The Summit will feature a keynote by Gwynne Shotwell, president and COO of SpaceX, as well as other San Diego innovators including Chris Anderson (3D Robotics), Dr. James Mault (Qualcomm Life) and Larry Stambaugh (San Diego Zoo Bioinspiration Centre.)

For the second year in a row, the Venture Summit will include 30 San Diego “Cool Companies.” From social media to software and algae biofuels, companies making this year’s roster include Roambi, Sapphire Energy, and Embarke. They are indicative of the dynamic industries that fuel San Diego’s innovation economy.

Venture Summit is not the only venture-related activity that’s happening in San Diego on July 12. On that day, companies from around the globe will hand in WBT logotheir submissions to present at WBT Innovation Marketplace. Now in its 11th year, WBT Innovation Marketplace brings together the largest collection of vetted and mentored companies and technologies emanating from top universities, labs, research institutions, and the private sector. More than 10 years of research shows that one in three WBT presenters goes on to license, secure venture funding, or sell their IP outright. Last year, the show moved from Arlington, Texas to San Diego, so it could benefit from the region’s world-class talent pool and strong venture capital community.

Companies are invited to apply to present at the Oct. 22 showcase.

With all of the venture activity going on throughout the region, it’s no wonder San Diego has been identified as a high-tech challenger to Silicon Valley.


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May 30, 2013

San Diego Regional EDC 48th Annual Dinner

America leads the world in innovation says Jim Clifton, author of The Coming Jobs War and Chairman and CEO of Gallup, but innovation alone is not enough to fuel job growth. Clifton was in town to give the keynote speech at San Diego Regional EDC’s annual dinner. More than 800 people listened in almost total silence (no mean feat for a group that size) as Clifton talked about the difference between innovation and entrepreneurship. According to Clifton, we know how to test for intellectual talent and scout intellectual talent but we have no mechanism to determine who can best take those ideas to the marketplace. And without a customer, the best ideas do nothing for job creation.

Clifton picked up on the dinner’s recurring theme of collaboration as reflected in the comments of EDC Chairman Stath Karras and EDC President and CEO Mark Cafferty. He referred to his concept of “tribal leaders” in a community, those who constantly question and suggest new approaches to issues. “When leaders get their strength together, there is no limit to what you can do,” Clifton said, recognizing that most of the region’s leaders were in the room.

Clifton acknowledged one of San Diego’s best examples of a tribal leader – Malin Burnham – who was instrumental in bringing Clifton’s ideas to the business community and in bringing Clifton himself to San Diego.

Clifton made it clear that no one should be looking to Washington for solutions to America’s problems. “We have to win the world back one great city at a time,” he said.

EDC’s annual dinner also honored former EDC Chairman Bill Geppert with the Herb Klein Civic Leadership Award. Geppert was humble and gracious in his remarks, mentioning many beloved San Diegans who came before him as great civic leaders.

Many people took to twitter to discuss the event: