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The Big Picture San Diego Blog


WTC San Diego

May 3, 2018

MetroConnect is WTC San Diego’s comprehensive export support program, presented by JPMorgan Chase. Each year, 15 companies are chosen to receive support that will accelerate their global growth through exporting. Critical to the success of this program are WTC San Diego’s network of MetroConnect partners.

The Japan External Trade Organization (JETRO) is a non-profit that provides business support services to companies expanding to Japan.  JETRO is organized and managed by the Ministry of Economy, Trade, and Industry (METI) and maintains 74 overseas offices, 44 regional offices in Japan, and headquarters in Tokyo and Osaka.

With the support of JETRO’s trained staff and advisors, clients can incorporate their business; receive visa, immigration, and HR support, find dedicated office space, identify local government incentives, receive market reports, and more.

One of the MetroConnect companies that received support from JETRO as part of this year's cohort is Foxfury, a portable lighting solutions company for emergency response and law enforcement. JETRO delivered a curated list of manufacturers and distributors and conducted outreach on Foxfury’s behalf. JETRO also represented Foxfury in initial meetings with distributors. These introductions eventually led to an arranged meeting, sales, and a partnership between Foxfury and Ostrich International, which will demo Foxfury products at trade shows in Japan.

 

Join us June 7 for the MetroConnect Pitchfest.

 

April 30, 2018

Next month, join WTC San Diego for the finale of the 2017-2018 MetroConnect export assistance program. MetroConnect, presented by JPMorgan Chase, is a comprehensive export support program designed to help San Diego companies accelerate their global growth. Fifteen San Diego companies were chosen to participate in the 2017-2018 program, representing a variety of sectors including life sciences, maritime, craft goods, and cleantech. These companies received a $10,000 grant and services to help them increase international sales.

On June 7, WTC San Diego is inviting four of the top performing companies back to compete for an additional $35,000. The catch? These companies will be looking to the audience to judge and award the extra cash. Make your vote count at the Grand Prize Pitchfest, as these promising local companies make their final case to be MetroConnect champion.

The event will take place from 2:30 – 5:30 PM at The Alexandria at Torrey Pines. Matt Cole, president of Cubic Transportation Systems will deliver the keynote address. Networking reception to follow.

 

April 25, 2018

WTC San Diego attended the World Trade Centers Association General Assembly (GA) in Leeuwarden, Netherlands alongside leadership from the Port of San Diego. Programming for the GA included educational sessions on global trade and investment, company tours, and networking events.

Following the GA, WTC arranged meetings for the Port of San Diego relating to aquaculture and maritime technology. Post-GA programming included meetings with Dutch ports, trade organizations, centers of excellence, water tech companies, fish farms, and maritime incubators.


March 20, 2018

In January 2018, WTC San Diego compiled a report for the Port of San Diego comparing trucking companies’ shipping prices to more than 20 destinations throughout the Southwest. The report included an assessment of conditions that currently cause spikes in shipping prices, including inclement weather, regulatory changes, and a shortage of drivers. Data shows, at the start of 2018, just one truck was available in the U.S. for every 12 loads needing to be shipped.

The report painted a clearer picture on the competitiveness of shipping from the Port of San Diego compared to the Port of Long Beach. The information will assist the Port in providing service to its tenants and inform its work to attract ocean liners.

March 13, 2018

On Monday, local leaders converged to celebrate a true San Diego success story: Forge Therapeutics. The biotech startup is doubling its local footprint and just became the newest tenant at Alexandria Real Estate’s Torrey Ridge Science Center.

World Trade Center San Diego and EDC first learned of Forge during its trade mission to the U.K. in October 2017. In London, CEO Zak Zimmerman announced a partnership with the U.K. team at Evotec, dubbed the BLACKSMITH platform. The international partnership allows Forge to work around the clock to brings its life-saving science to market.

In the U.S. alone, more than 23,000 die annually due to antibiotic-resistant bacteria, or ‘superbugs.’ Forge Therapeutics is changing that through the creation of a novel class of antibiotics that are targeting gram-negative bacteria, a class of bacteria with ‘bulletproof’ membranes that are resistant to traditional antibacterial interventions. The secret behind the life-saving science lies in metal-dependent enzymes or metalloenzymes. Zimmerman’s team has assumed the role of the blacksmiths of modern medicine; they are using chemistry to target these naturally occurring metals that help combat antibiotic-resistant superbugs.

Forge’s expansion comes at a time when telling the story of innovative, expanding companies is more important than ever.

"The national rhetoric around trade has not made it easy for businesses to create international partnerships, but supporting local companies as they expand overseas leads to economic growth and creates jobs here in San Diego. I hope that success stories, like Forge's and other groundbreaking companies in San Diego, can help change that," added Rep. Scott Peters, who was on site to provide remarks during the ribbon cutting.

San Diego already holds a reputation as a biotech powerhouse, but it’s true competitive edge lies in its ability to engineer and take life-saving treatments to market. San Diego civic leaders remained committed to fostering an environment where companies can continue to succeed.

By expanding its footprint and doubling its workforce, Forge is strengthening our city's reputation as a leader in medical research and innovation. Success stories like this demonstrate how important it is that we are creating the kind of environment where companies like this can grow and thrive," said San Diego Mayor Kevin Faulconer.

(Left photo: Mayor Faulconer receiving Forge-branded pitch fork from CEO Zak Zimmerman.)

But for Zimmerman and Forge, San Diego has been part of its DNA. Nearly three years ago, Zimmerman met UC San Diego professor Seth Cohen with a chance meeting on a soccer field. The initial technology for Forge was based on more than 15 years of leading research Cohen, spearheaded at UC San Diego. Much of the company’s funding and scientific board also has San Diego roots.

"We are extremely proud to be growing our footprint in San Diego. This biotechnology ecosystem consisting of groundbreaking science, educated investors, strategic advisors and local supporters has allowed us to thrive and expand in ways that we couldn't have imagined," Zimmerman said.

During a Fireside chat with San Diego Union-Tribune reporter Bradley Fikes, Zimmerman spoke a bit more about his decision to grow in San Diego. “Yeah, Boston and San Francisco are known for science, but we wanted to be in a place where people wanted to live and we can attract scientists with 10-20 years experience,” said Zimmerman.

Part of Forge’s growth is due to Alexandria Real Estate. Alexandria Investment Partners, the real estate company’s venture arm, backed Forge’s Series A. Now, they are providing Forge with more than 7,000 sq ft of office and lab space. But to Alexandria, it’s about creating an experience that helps companies foster life-saving innovation. “When you have a good feeling about your physical space, it makes you want to work hard,” said Zimmerman, of his new ARE office space.

February 28, 2018

Last Friday, San Diego hosted Vancouver Mayor Gregor Robertson, as a follow up to San Diego Mayor Kevin Faulconer and WTC San Diego's "World's Greenest Cities” trade mission to Vancouver, Canada.

The day began with a public Mayoral Forum on North American Competitiveness and Sustainability, held at the University Club in downtown. Mayor Faulconer and Mayor Robertson were joined by City of Tijuana COO, Bernabe Esquer, in a moderated discussion on cross-border cooperation and city leadership in economic and environmental issues. The event was attended by more than 100 civic and business leaders.

Building on the theme of sustainability, Mayor Robertson was taken on a tour of San Diego-based Measurabl, the company responsible for the world’s fastest growing sustainability software for commercial buildings and facilities. The local startup develops cloud-based software that collects data on energy consumption, creates investment-grade sustainability reports and alerts companies to improvement opportunities for added efficiency. The company visit showcased how San Diego companies play a leading role in developing green technologies that get adopted around the world.

Mayor Robertson left that evening for the C40 Mayors Summit in Mexico City with much report on his visit to life-changing San Diego. At the forefront: San Diego’s working relationship with Tijuana can be a model for border cities like Vancouver in addressing issues that span national boundaries.

 

February 9, 2018

On January 24, WTC San Diego partnered with the U.S. Department of Commerce to host a roundtable discussion on data protection and privacy regulation.

Beginning in May 2018, virtually all U.S. exporters to Europe will need to be compliant with the new EU General Data Protection Regulations (GDPR). Regardless of the company, industry or sales market, there will be new requirements and stiff fines for companies in the case of non-compliance.

At this roundtable, Nasreen Djouini, policy advisor at the U.S. Department of Commerce, discussed important developments in the GDPR and introduced the EU-Swiss-U.S. Privacy Shield Framework – a mechanism that provides companies on both sides of the Atlantic a way to comply with data protection requirements when transferring personal data in support of transatlantic commerce.

Djouini also advised on the Cross-Border Privacy Rules (CBPR) System developed by Asia-Pacific Economic Cooperation (APEC). The CBPR is a mechanism that helps to bridge privacy regulation differences by providing a single framework for the exchange of personal information among participating economies in the APEC region.

Hosted by CBRE, the event was attended by more than 30 San Diego business executives from companies either planning to, or currently, conducting business overseas.

 

January 30, 2018

On the heels of EDC's 2017 U.K. trade mission, San Diego-based Edico Genome and Genomics England announced a new partnership to strengthen the accuracy and consistency of next-generation sequencing (NGS) data analysis in Genomics England’s Rare Disease Pilot. The partnership will support Genomics England in making NGS the standard of care across the U.K.’s National Health Service in 2018.

Specifically, the partnership will focus on the analysis pipeline − improving alignment and variant calling of whole-genome sequencing data. Genomics England selected DRAGEN for its industry leading accuracy and speed, enabling the organization to accelerate analysis of large clinical genomic datasets.

Read more from Edico Genome.

December 18, 2017

DiscoversdBIO: Launched to coordinate foreign delegations

Delegations from around the world travel to San Diego to forge connections with businesses in our innovation economy. However, when they visit, they often meet with the large institutions already ingrained within the international market and are not exposed to San Diego’s small- and medium-sized enterprises (SMEs) that encompass a wide range of opportunities. We wanted to level the playing field for SMEs. 
 
See how in our timeline below:
 
  • NOVEMBER 2015 - FORMING THE PROTOCOL NETWORK
    WTC organized partners around the community into the Protocol Network in order to maximize the impact that foreign delegations visiting San Diego and, in turn, provide potential investment and partnership opportunities to the region's SMEs.
  • JUNE 2017 - CONVENING AROUND BIO 2017
    When the BIO Convention brought 16k biotech and pharma leaders to town in June 2017, we knew it was an opportunity to put the protocol network into action. WTC San Diego and Biocom piloted the “DiscoversdBIO” web tool, an automated online system to coordinate foreign delegations traveling to San Diego for the convention. 

  • NEXT UP...
    In 2018, WTC San Diego is expanding the “Discoversdbiz” web tool to encompass the broader innovation economy and automate the platform in order to connect foreign delegations to SMEs throughout the region. SMEs.
November 8, 2017

"Why San Diego leaders must forge international economic partnerships" was originally published in the San Diego Union-Tribune, authored by Nikia Clarke.
 
Did you know that the greatest public transportation systems in the world have a direct and important connection to San Diego? The ticketing systems for London, Chicago, Vancouver and Sydney have all been enhanced and modernized through the technologies of San Diego-based Cubic Transportation Systems. And joining this global lineup will be New York City following a $533 million contract awarded to Cubic on October 25, taking The Big Apple to the next level in modern transit payment.
 
This is just one of the many remarkable ways San Diego companies are connecting abroad to create jobs and opportunities here at home. World Trade Center San Diego — an affiliate of San Diego Regional Economic Development Corporation — in conjunction with Congressman Scott Peters, led a delegation of San Diego companies and organizations to London and Cambridge, U.K. last week to strengthen economic ties with one of our region’s top markets for trade and investment......
 
Read the full op-ed here.