Category: News

San Diego small businesses pitch for Dutch investment as part of mayoral trade mission

By Bree Burris,

Trabus Technologies and Nano PharmaSolutions join delegation to Netherlands to drive local growth

This week, as part of Mayor Todd Gloria’s trade mission to the Netherlands, coordinated by World Trade Center San Diego (WTCSD), an affiliate of EDC, San Diego small businesses pitched their technology solutions to potential international partners and investors. Trabus Technologies (TRABUS) and Nano PharmaSolutions, both San Diego-based, minority-owned small businesses, joined this three-day trip to establish business relationships, pursue investment, and grow local jobs.

San Diego is the birthplace of many successful large, multinational companies, including Qualcomm who is represented in the delegation as well. However, small businesses—those with fewer than 100 employees—are the backbone of the regional economy and drive regional economic growth and innovation. Small businesses employ more than 60 percent of San Diego County’s workforce, nearly double the national average, and represent nearly 98 percent of the region’s firms. Yet small companies face outsize barriers to international expansion.

“Having an economy driven by small, innovative companies has been great for San Diego, and we want to support their expansion into overseas markets so they can stay strong and competitive in their industries,” said San Diego Mayor Todd Gloria. “This trade mission gives us the chance to lay that groundwork for small businesses that face headwinds overseas.”

In order to drive economic resilience, Mayor Todd Gloria and WTCSD have prioritized small businesses as part of the Netherlands trade mission. TRABUS and Nano PharmaSolutions—both innovative, minority-owned small businesses involved in WTCSD’s export accelerator program MetroConnect—pitched to the Port of Rotterdam and investors at the Leiden Bio Science Park respectively:

  • TRABUS and Port of Rotterdam: TRABUS is a service-disabled, veteran- and minority-owned small business providing innovative solutions to the U.S. government and private sector. The 50-person TRABUS team specializes in the development of technology across five major portfolios—wireless technologies, artificial intelligence and data science, maritime transportation, environmental informatics and cybersecurity. To be spotlighted in its pitch to the European port, TRABUS has developed the first AI-based voyage planning software, RippleGo, for the inland waterways. While the SaaS product is currently being tested on U.S. waterways, RippleGo could have tremendous potential to enhance voyage planning and supply chain logistics on EU based waterways for greater economic efficiencies.

 “We are excited about the potential partnerships and opportunities to work with the European maritime industry. The EU has an impressive, interconnected waterway network already. We hope to learn more about their network and offer up some of our technologies that can aid in waterway management and intermodal supply chain logistics,” said Art Salindong, Managing Director, TRABUS.

  • Nano PharmaSolutions (NPS) and Leiden Bio Science Park: A platform technology startup for nanodrug delivery of small molecule drugs, NPS offers improved solubility and convenient dosage form development. Founded in 2019, the company is seeking Seed and early-stage VC investment, with plans to expand into the European market and access increased pharmaceutical customers in the years ahead. NPS plans to co-manufacture clinical trial materials for their customers at Mikart Pharmaceutical, a contract manufacturing organization in Atlanta, GA, beginning Q3 2023. Mikart is a commercial scale oral dosage form company, which can support NanoTransformer™ nano-granulation and downstream dosage form manufacturing and QC activities.

“Not only does our NanoTransformer™ technology expedite drug development at a lower R&D cost, but it helps drugs absorb into the body more quickly and efficiently” said Dr. Kay Olmstead, Founder & CEO, NPS. “This is an incredible opportunity to share our story and build partnerships at the famous Leiden Bio Science Park, and we’re excited about what’s to come.”

“With the right partners, small companies that solve important problems—like TRABUS and Nano PharmaSolutions—become big companies that change the world. That has always been San Diego’s story, and it is why we work so hard to open doors for innovators and entrepreneurs both overseas and back at home,” said Nikia Clarke, executive director of WTCSD and SVP, EDC.

This session is one of a dozen meetings and programs on the three-day trade mission to the Netherlands, September 26—29, 2022. See a summary of the trip here and follow along for more: #SDinNL

Learn more on SD and NL

The trade mission is organized by WTCSD, an affiliate of the San Diego Regional EDC, with assistance and support provided by the Consulate of the Netherlands, and sponsorship by ASML, Lufthansa, and Qualcomm Technologies.

 

San Diego mayor, WTCSD visit ASML HQ in NL

By Bree Burris,

A visit to ASML HQ in Veldhoven seeks to strengthen an already strong relationship between ASML and San Diego

This week, as part of Mayor Gloria’s inaugural trade mission with World Trade Center San Diego (WTCSD), an affiliate of EDC, the delegation visited ASML headquarters in Veldhoven, Netherlands.

With major operations in San Diego, and more than 35,000 staff around the globe, ASML is the most important technology company you’ve never heard of.

ASML is the leading provider of semiconductor manufacturing equipment to every major chipmaker around the world, playing an integral role in driving the global chip industry forward.

In San Diego, ASML designs, develops, and manufactures the lasers and lights sources that power its lithography machines—the systems chipmakers use to produce semiconductors featured in every piece of technology across nearly every industry.

From cell phones and life-changing medical devices, to self-driving cars and the James Webb Space Telescope, semiconductors are ubiquitously part of everyday life—and ASML represents the foundation for them all.

The company expanded its global footprint in 2012 with the acquisition of Cymer, a San Diego-based industry leader in laser sources for semiconductor equipment. In the 10 years since this acquisition, ASML San Diego has doubled its local headcount to 1,600, and counting.

Learn more about the connection between SD and NL

Follow along with us for more: #SDinNL

 

Mayor, WTCSD delegation cut ribbon on Qualcomm Amsterdam operation

By Bree Burris,

Today as part of Mayor Todd Gloria’s trade mission to the Netherlands, coordinated by World Trade Center San Diego (WTCSD), an affiliate of San Diego Regional Economic Development Corporation (EDC), Qualcomm Technologies Netherlands B.V., cut the ribbon on Matrix One in Amsterdam. In the Amsterdam Science Park, Matrix One will serve as Qualcomm Technologies Inc.’s largest AI hub outside of the U.S.

The cornerstone of San Diego’s technology ecosystem, Qualcomm is a global leader in 5G wireless technologies. Per a 2018 report, the company supported more than 28,000 San Diego jobs and had a $4 billion local economic impact. For every job at Qualcomm, an additional 1.8 jobs were supported elsewhere in San Diego economy.

“Nearly 40 years ago, a small tech company made a commitment to this region that would shape our innovation ecosystem—and our world—as we know it,” said San Diego Mayor Todd Gloria. “I’m proud to support Qualcomm’s continued growth in San Diego and around the world.”

Amsterdam Science Park is home to one of Europe’s biggest concentrations of scientific talent. The unique combination of high-quality education, pioneering research and knowledge-intensive business boosts the kind of innovation that will transform our society in the future.

“With our move into the new Matrix One building in Amsterdam Science Park, I am very happy to see us well positioned for further growth. Our highly innovative AI research in diverse topic areas and continued collaboration and co-location with the University of Amsterdam confirm us as the prime employer for AI & ML researchers and engineers in the region,” said Michael Hofmann, Director, Engineering, Qualcomm Technologies Inc.

The trade mission is organized by WTCSD, an affiliate of the San Diego Regional EDC, with assistance and support provided by the Consulate of the Netherlands, and sponsorship by ASML, Lufthansa and Qualcomm Technologies. This session is one of a dozen meetings and programs on the three-day trade mission to the Netherlands, September 26—29, 2022.

see a summary of the trip here

More on SD and NL

San Diego’s Good News of the Week – September 23, 2022

By Candela Delucchi,

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week.

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For the week of September 23, 2022, here’s what we’re reading:

…and here are some events and opportunities:

San Diego: Life. Changing.: Four programs helping Latinx professionals thrive

In observance of National Hispanic Heritage Month, EDC’s San Diego: Life. Changing. campaign has compiled just a few of the many programs helping Latinx professionals thrive and climb in San Diego. Learn more about MAAC, San Diego Squared, and more.

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Mayor Todd Gloria to lead Netherlands trade mission to strengthen economic ties with EU

By Bree Burris,

WORLD TRADE CENTER SAN DIEGO CONVENES REGIONAL LEADERS TO HELP SAN DIEGO BUSINESSES EXPAND GLOBALLY, CREATE LOCAL JOBS

In order to foster vital global economic partnerships, San Diego Mayor Todd Gloria and World Trade Center San Diego (WTCSD), an affiliate of San Diego Regional Economic Development Corporation (EDC), are leading a delegation to the Netherlands. During the September 26—29 trade mission, business and civic leaders will promote San Diego’s key industries, establish and strengthen business relationships, and explore best practices in urban mobility, climate action and sustainability, and technology and science innovation.

Against the backdrop of severe supply chain disruptions, shifting geopolitics governing the development of critical strategic technologies, and accelerating climate action and affordability mandates, San Diego leaders have made economic resilience by way of global competitiveness a top priority.                                          

“San Diego is an undeniable force in the global marketplace, and we must seize opportunities to tell our story and maximize investment from partners around the world,” said San Diego Mayor Todd Gloria. “As we work to address our region’s biggest challenges—affordability, urban mobility, climate change, and more—I’m proud to join World Trade Center San Diego in the Netherlands to learn from like thriving, global cities.”

Home to Europe’s largest port and fourth busiest cargo airport, the Netherlands is a hub for global trade and business. With shared expertise in knowledge-intensive industries, including personalized medicine, wireless communications technology, and artificial intelligence, and a societal commitment to sustainability, climate action, and social innovation, the Netherlands is among the top 10 countries for foreign direct investment into San Diego (#6 in 2015—2020). Netherlands-based companies directly employ 5,000 San Diegans, predominately in the innovation economy at companies like ASML and Philips. By deal count, the Netherlands is the #9 country investing venture capital into San Diego, in line with Denmark and falling closely behind Japan, France and India (2015—2020). Further, Dutch firms invested nearly $318 million into San Diego’s economy in 2021 alone.

Learn more on the two regions

“On the heels of a pandemic that changed the world, WTCSD is grateful to be taking San Diego global once again,” said Nikia Clarke, executive director of World Trade Center San Diego and senior vice president at San Diego Regional EDC. “As the economy continues to transform around us, it is increasingly important for metro leaders to advance a compelling vision that keeps us ahead of the curve, and no one can tell the San Diego story better than Mayor Gloria and this cross-sector delegation.”

Over the three-day trade mission in cities Amsterdam, The Hague, Rotterdam, Eindhoven, and Leiden, San Diego will look to bolster public-private partnerships and business expansion through various sessions with Dutch companies and institutions.

Agenda items include:

  • The grand opening/ribbon cutting of Qualcomm’s AI Research Lab, which has formalized a partnership with the University of Amsterdam to support a pipeline of engineering talent.
    Read more →
  • Amid massive pressure for expansion, a meeting and tour of ASML—the global leader in semiconductor manufacturing machines (lithography)—at its Veldhoven headquarters to celebrate the 10th anniversary of its investment in its San Diego-based Cymer site.
    Read more →
  • Local, minority-owned small businesses Trabus Technologies and Nano PharmaSolutions will pitch to the Port of Rotterdam and Leiden University Medical Center respectively.
    Read more →
  • Mayor-to-Mayor meetings with Todd Gloria and the Mayors of Amsterdam and Rotterdam to strengthen relationships between our regions
  • Formal meetings and tours of several companies considering investment into San Diego and California as led by San Diego Mayor Todd Gloria

Delegates will participate in upwards of 15 meetings over the course of the trade mission, sharing best practices and driving business connectivity across many verticals. The two dozen San Diego delegates include representatives from Qualcomm, ASML, Mitsubishi Electric, Trabus Technologies, Alexandria Real Estate Equities, Inc., Gafcon, Arup, HomeFed Corporation, Townshend Venture Advisors and more. Also in attendance are delegates from key San Diego agencies, universities and civic organizations such as Port of San Diego, UC San Diego, San Diego State University, San Diego Association of Governments, San Diego County Regional Airport Authority and others.

The trade mission is organized by World Trade Center San Diego, an affiliate of the San Diego Regional EDC, with assistance and support provided by the U.S. Embassy in The Hague, the Consulate of the Netherlands, and sponsorship by ASML, Lufthansa and Qualcomm.

 “With shared commitments to sustainability and innovation, more than 76,000 jobs in California are supported by U.S.-Netherlands trade. This trip is one example of how we can work together across borders to remain competitive in a global economy,” said Consul General Dirk Janssen, Consulate of the Netherlands in San Francisco.

Follow along with us next week during the trade mission: #SDinNL

WTCSD.org

Thank you to our Thriving Cities Trade Mission sponsors:

San Diego’s Good News of the Week – September 16, 2022

By Candela Delucchi,

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of September 16, 2022, here’s what we’re reading:

…and here are some events:

EDC Monthly Report: September

With and through nearly 200 investors, EDC works to maximize San Diego’s prosperity. From connecting recruiters to talent attraction resources, to providing permitting and promotional support services, here’s what EDC did in August 2022.

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A note from Mark…

By Mark Cafferty,

Back to school, back to school

I hope this note finds you all healthy, well, and beating the heat as we head into fall. 

A quick look at my social media pages is a clear indication that school is back in session across our region. From first day of pre-school photos to first day of college photos, the lifelong learning process is on full display in the posts of proud parents, grandparents, and family members. 

It goes without saying that education is the cornerstone of economic development and opportunity. These days our team at EDC is working more closely with our education partners than ever before, and we can truly feel their enthusiasm as this new year begins. From the opening of new academic buildings, to the announcements of new courses and programs, to the celebration of a new stadium—the successes and results of business and education partnerships are on full display across our region. 

Over the last few years, I have marveled at how the quiet generosity of one EDC investor initiated a new partnership between a local high school and non-profit organization that has changed student’s lives. I have seen our community colleges and higher education partners work tirelessly with our team and employers to ensure they are consistently expanding and upgrading their curriculum to meet changing industry needs and requirements—evidenced by the recent, exciting news of an $18.1 million grant to SDICCCA. And within our own organization, we have watched part-time student internships lead to full-time job offers, promotions, and more as part of Advancing San Diego. 

When we think about our Inclusive Growth goals, and more specifically about doubling the number of post-secondary completions by 2030, it can feel overwhelming. But we know that we can only get there by leveraging, supporting, and embracing every partnership we have with our local educational institutions and systems. By working together to keep student curriculum and exposure current, we can drive socio-economic mobility for the talent of tomorrow.

So this September, as the education and lifelong learning cycle begins anew, we urge all of our private sector EDC investors—regardless of industry—to continue expanding your relationships with the education leaders you share our table with. They cannot get us there alone, and neither can you. 

A broad list of resources for employers seeking to recruit and retain talent can be found here. If you have any questions on who and how to engage them, please contact our Advancing San Diego team. 

Wishing all of our education partners (and parents) within our EDC community a wonderful, safe, and productive school year ahead. I’m proud to work with and through all of you to ensure that the young people growing up in all corners of our community have the opportunities to learn, grow, and thrive within our region and economy. 

Best,

Mark Cafferty
Mark Cafferty

President & CEO

Read EDC’s Monthly Report

 

For specific opportunities to get involved with Advancing San Diego, submit this form or contact:

Taylor Dunne
Taylor Dunne

Director, Talent Initiatives

San Diego’s Good News of the Week – September 9, 2022

By Candela Delucchi,

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of September 9, 2022, here’s what we’re reading:

…and here are some events:

San Diego’s Economic Snapshot: Q2 2022

Every quarter, EDC analyzes key economic indicators that are important to understanding the regional economy through trends in employment, housing, and investment. In Q2 2022, VC investments in Life Sciences continued while San Diego’s unemployment rate dropped below the national rate.

Read More

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To learn more, please contact us.

San Diego’s Good News of the Week – September 2, 2022

By Candela Delucchi,

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of September 2, 2022, here’s what we’re reading:

…and here are some events:

World Trade Center San Diego: Export 102

Looking to go global? Join the Export SBDC at World Trade Center San Diego on September 13 for a continuation of its Introduction to Exporting series and gain key insights into pursuing exporting for your small business.

Register Now

Additional resources:

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To learn more, please contact us.

San Diego: Surf town, science mecca

By San Diego: Life. Changing.,

Originally published by San Diego: Life. Changing. 

In 2017, what feels like a lifetime ago, EDC launched San Diego: Life. Changing., a talent attraction campaign which served to break down the myth that San Diego was just a sleepy beach town good for only craft beer and burritos, and instead elevate our authentic innovation story.

Fast forward to 2022, on the heels of a global health crisis and subsequent economic shock, it’s impossible to deny San Diego’s position as a global leader in life sciences R&D and technology.

We stack right up against the Bay Area, Boston, and New York City – and you might even say we have them beat. But, like other innovation economies, we have our fair share of challenges.

The battle for talent is more competitive than ever, made all the more complicated by a growing affordability and housing crisis. But if any region or collective of people can solve hard problems, it’s San Diego.

San Diego’s Brand Anthem – 2022 from San Diego on Vimeo.

San Diego’s secret is out. We’re a surf town and a science mecca, a hub for breweries and biotech – where big ideas, the ones that move the world, are born beside the Pacific. This is San Diego. This is Life. Changing.