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December 5, 2018

Saving the best for last, project management software company Wrike celebrated the opening of three office locations worldwide: Melbourne, Dublin, and San Diego. The celebration took place back-to-back over the course of just 16 hours, in what the company called a #WrikeRelay.

Named among Deloitte's 500 Fastest Growing Companies in North America, Wrike has grown from 300 employees in 2015 to 700 today (and hiring), serving customers across 130 companies. 

This marks Wrike’s third location in San Diego. The first San Diego office opened in February 2016 with the company well on its way to meeting its goal of creating 150 jobs in three years. The new office in UTC will accommodate the increasing number of sales and customer success roles that make up the bulk of its local team. Wrike has grown its customer base in North America by 362 percent and its total annual recurring revenue in the region by 287 percent over the last three years. 

“The collaborative work management market has really taken off in the last few years as a variety of trends from digital transformation to the rise of the remote workforce and the consumerization of IT all converged,” said Wrike Senior Director of North American Sales Alex German. “It has been exciting to witness firsthand as high-growth companies have discovered how Wrike could help them increase productivity, improve collaboration, and create new revenue opportunities. Moving into this new space will give us the room we need to expand our team and continue driving exponential growth for the company.”

November 29, 2018

San Diego is home to more than 350 precision health companies that hold 3,610 patents, according to a study released by yours truly: San Diego Regional EDC.  “San Diego's Precision Health Ecosystem” explores the impact of the region’s precision health cluster and quantifies the number of firms, venture capital and patents, as well the broader cluster across California.

The web-based study – precisionhealthSD.org – includes a historic timeline, cluster map, local and state overviews, and a series of video testimonials from local business leaders.

Large local companies like Illumina and Thermo Fisher Scientific, startups and small businesses like CureMatch, LunaDNA, and EpicentRX, as well as hospitals and research institutes are helping lead the charge in precision health and enabling people to live longer, healthier lives.

Using a person’s unique genes, medical history, and environment, the field of precision health seeks to customize effective therapies and disease treatment. More than genomics and pharmaceuticals, precision health also encompasses a wide range of related fields that allow for the collection, storage, analysis, and use of health data for more precise diagnosis of individual conditions and risk factors.

“From personalized cancer vaccines to record-breaking DNA sequencing of newborns, San Diego companies and research institutes are revolutionizing healthcare as we know it,” said Kirby Brady, research director, San Diego Regional EDC. “Consistently ranked among the top five cities for startups and life sciences, as well as the #1 region for genomics patents in the U.S., San Diego brings more to the table than its beaches – we are changing lives and curing disease from the offices and labs throughout the region.”

KEY FINDINGS

  • San Diego precision health companies secured $1.3 billion in venture capital in 2018, to date.
  • San Diego precision health companies hold 825 registered trademarks, and 3,610 patents.
  • San Diego is home to more than 350 precision health companies, 80 research institutions, 30 hospitals, and five universities.
  • Economic impact of precision health in California (2017):
    • 29,000 direct jobs
    • 99,000 total impacted jobs
    • $17 billion direct economic impact

Precision Health: Why San Diego from San Diego Regional EDC on Vimeo.

The report was produced by San Diego Regional EDC, and sponsored by Alexandria Real Estate Equities, Inc., CBRE, Kaiser Permanente, PricewaterhouseCoopers and Scripps Research.

Read the full study at precisionhealthSD.org, or the print version hereFor more research from San Diego Regional EDC, visit sandiegobusiness.org/research-center.

September 12, 2018

Today, Propel San Diego partners – San Diego Military Advisory Council (SDMAC) and San Diego Regional EDC – unveiled 15 companies selected to participate in the Defense Innovation Voucher program (DIVx). DIVx is a comprehensive business initiative designed to build resiliency in small, local defense companies and help them find pathways to diversify their revenue. 

San Diego is home to the largest concentration of military assets in the world and the largest federal military workforce in the country. When considering the overall ripple effects of the defense cluster in San Diego, about 22 percent of San Diego’s gross regional product (GRP) is the result of defense-related spending. But the breadth and depth of defense activity stretches far beyond military bases and naval ships; from telecomm to robotics, aerospace to cybersecurity, San Diego’s defense cluster is the driving force behind the region’s innovation economy.

According to EDC’s recently released report, Mapping San Diego’s Defense Ecosystem, 40 percent of the companies registered in San Diego County as defense contractors employ five people or less. Propel San Diego’s DIVx program serves to help those small defense companies build resiliency and sustainability through times of fluctuation in defense spending.

“Like many local industries, San Diego’s defense supply chain is mostly made up of small businesses, with 89 percent of firms employing less than 50 people. As federal funds continue to fluctuate in defense spending, small business that often rely on one to two large contracts, are at risk,” said Nikia Clarke, VP of economic development, San Diego Regional EDC. “The newly launched DIVx program is designed to help these companies diversify their revenue and become more resilient, thus increasing their ability to withstand fluctuations in DoD spending and downturns in our economy.”

This pilot program will offer complimentary consulting services and curriculum to improve the competitiveness of small defense companies, selected through a competitive needs-based selection process. The program will help companies compete for government or defense contracts and/or explore pivoting products and services to commercial markets.

The DIVx program will provide services in these three specific areas:

1. Direct Assistance: EDC has identified qualified consultants who will provide $15,000 in complimentary consulting services in one of the following categories: marketing, accounting compliance, certifications (SDVOSB, AS9100, AS5553, ISO 9001, etc.), lean supply chain and additive manufacturing tools, and strategic planning.

2. Boot Camp: Enrollment in a six-month long course designed to provide best practices to company leadership on strategies to improve company competitiveness.

3. DIVx Grand Prize Competition: This competition will award a company based off their level of engagement in these activities and progress towards their goals with an additional $25,000 to work with one of the pre-approved contractors to perform new work with the company.

Partnering in the DIVx program as the key underwriter is Booz Allen Hamilton, a leader in the defense consulting industry.

Propel San Diego is a partnership of six key organizations: East County Economic Development Council, South County Economic Development Council, San Diego Workforce Partnership, San Diego Military Advisory Council, San Diego Regional Economic Development Corporation, and the City of San Diego. Each of these organizations are also working on specific business support programs to create a more robust defense ecosystem here in San Diego.

For more information about the DIVx program please visit SDMAC.org/propelsandiego.

The 2018 DIVx companies are as follows:

  1. Accel-RF Instruments Corporation
  2. Amaratek
  3. American Lithium Energy Corporation
  4. Coast Precision Enterprises, Inc.
  5. EpiSys Science, Inc.
  6. Fuse Integration, Inc.
  7. GET Engineering Corporation
  8. intelliSolutions, inc.
  9. Marine Group Boat Works, LLC
  10. Ocean Aero
  11. Planck Aerosystems
  12. Sidus Solutions
  13. Trabus Technologies
  14. VetPowered, LLC
  15. Vortex Engineering

This project is funded in whole or in part with Community Economic Adjustment Assistance for Reductions in Defense Industry Employment funds provided by the U.S. Department of Defense - Office of Economic Adjustment to the City of San Diego.

 

May 20, 2014
San Diego Digital Ambassadors Everybody recognizes San Diego’s enviable weather, but one of our greatest competitive strengths lies in the people who call this place home. San Diego is full of really smart people solving hard problems, making cool things and changing lives. This is the story we need to tell.
 
So, we've gone straight to the source. The videos below are part of our broader workforce talent attraction and retention efforts. They are not branded to EDC. We encourage you to share the videos on social media using the hashtag #GoSanDiego and stay tuned for information about a new talent attraction website, vimeo channel and our digital ambassadors program.

Tweet Worthy:

  • "We were in Vegas, but we saw a huge opportunity here...so we moved our company to DT SD"
  • Why SD? "We wanted to be around companies we could collaborate with & bounce ideas off of"

In search of opportunity and quality of life, Brandisty co-founders Alex Rolek and Michael Sacca decided to move their company from Las Vegas to San Diego. What they found in San Diego is an attainable quality of life and a growing startup community that fosters collaboration. 

Meet Michael Sacca, Brandisty from GoSanDiego on Vimeo

Check out Brandisty: brandisty.com

 

Tweet Worthy:

  • "I can only see that SD's tech community is going to get bigger and better"
While at UC San Diego, David Fischer became fascinated with home brewing after exposure to the growing San Diego craft beer movement.  Back then, he had an equally fascinating internship as a developer at Qualcomm. After successfully progressing at Qualcomm, he took a job at Amazon in Irvine and commuted via train. Fast forward a few years: David learned of a job opportunity here in San Diego combining two things he loves: programming and craft beer. This is David’s story at TapHunter, one of San Diego’s many growing startups.
 

Meet David Fischer, TapHunter from GoSanDiego on Vimeo.

Check out TapHunter and download the app: TapHunter.com

 

 

 

April 8, 2014
 
San Diego is not Silicon Valley...and that's a good thing. Yes, the weather here is nicer, but that's not the only reason people come here. They come for access to resources, lower cost of living compared to other startup hubs, and of course, talent. Like many other tech founders, Stephan Goss, CEO of Zeeto Media and Jeff Brice, CEO of TrustEgg believe this so much, that they decided to locate their companies here. 
 
There is always room for improvement, but as San Diego's startup community continues to grow, so does the momentum we see to better the region. Take a look at the piece they wrote below for The Daily Transcript.
 
 

Why we chose San Diego over Silicon Valley (appeared in The Daily Transcript on April 7) by StephanGoss and Jeff Brice
It is conventional wisdom that if you want to launch a startup, Silicon Valley is the place to be. The funding, talent and resources are available in spades there. So people have flocked there hoping to become the next Facebook or Google, and some have succeeded.
 
We made a different choice. For us, San Diego was a smarter choice to launch our two businesses, Zeeto Media, an online media company, and TrustEgg, a simple venue to start online trust accounts for kids. The weather was certainly a seductive draw. It’s hard to ignore the climate and laid-back lifestyle of this Southern California city, but that is not why we are here. 
 
Read more in the Daily Transcript....

#GoSanDiego

 

March 13, 2014

It’s EDC’s job to be a booster of all-things San Diego. Through our work, we get the opportunity to meet budding entrepreneurs and small businesses owners.  They differ in the types of enterprises they run and in the people they hire, but they all say one thing: San Diego is a great place to launch a startup or small business.  We know that San Diego has many ingredients for entrepreneurs to be successful -- from a top tier talent pool to diverse neighborhoods which help attract the right people -- but we haven’t had a definitive ranking that said it all. Now we do: Today, Forbes ranked San Diego “The Best Place to Launch a Startup in 2014.”

San Diego is the best place to launch a startup in 2014. We’ll give that a moment to sink in.

One of the criteria used to rank location is based on social media use of small businesses in the selected city. As the article writes, “It turns out that Internet-savvy businesses are likely to grow faster than those that don’t…. Web presence indicates adaptability and likelihood to innovate—creating a network effect for communities dedicated to growth and positive change.” There’s no doubt that San Diego has its share of social media-savvy entrepreneurs and small business owners.  Recognizing this, EDC has recently brought together a group of these “Digital Ambassadors” to help carry positive messages about the region to the rest of the world. We’re constantly amazed about the powerful things we learn about San Diego through social media every day.  Just yesterday, we learned that Google Analytics got its start in San Diego as Urchin.

Here’s a little more about what Forbes had to say about the region:

"Small enterprises ranked in the top five on nearly every category to lift San Diego into the top slot. There is heavy concentration in projected high growth industries, as well as a high likelihood of accepting credit cards and adopting social media. San Diego is home to the fifth-best rated business community in the country. “

Although we have often been known to criticize the methodology of “rankings,” we need to celebrate where we can. And today, we celebrate!  San Diego Is, in fact, the best place to launch a startup in 2014.

Now, let’s continue to use our award-winning social media skills to get the word out.


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