Forty San Diego companies selected to present at World’s Best Technology Marketplace; 14 mentored by CONNECT

Earlier this week, the World’s Best Technology Innovation Marketplace (WBT) announced the long-awaited list of emerging technologies which were selected to present at the WBT conference coming to the San Diego Convention Center from October 24-26. Among the 130 innovative companies selected to pitch to an audience of over 600 investors and licensees, 14 were mentored by CONNECT. The list of 14 includes Malama Composites in industry sector advanced materials; PI Energy and Hal Slater in energy; Avacen, Freedom Meditech, Medipacs and Telmedx in medical devices; 451 Degrees, Barc, Inc., Independa, Inc., LonoCloud and ShowUHow in software; Unified Nexsys in networking; and Tellus Technology, Inc. in the “other” category.
For more information about WBT, click here.
To take advantage of the Early Bird Discount before Aug. 24th, click here.
Are you interested in serving as an onsite judge, or want to participate as a mentor to an early stage company? Contact Amanda Radovic at aradovic@wbtshowcase.com for more details.

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Brookings Institution and JPMorgan Chase launch Global Cities Initiative; CONNECT assembles community leaders for San Diego roundtable discussion

The Brookings Institution Metropolitan Policy Program and JPMorgan Chase today kicked off the Global Cities Initiative, a $10 million, five-year project aimed at helping leaders in metropolitan areas across the nation create more and better jobs and reorient their economies towards greater engagement in world markets.The new project, chaired by Richard M. Daley, former Mayor of Chicago and senior advisor to JPMorgan Chase, launched at an event earlier this week in Los Angeles and hosted by the University of Southern California was attended by representatives from business, philanthropy, and local, state, national and foreign governments. “Going Global: Boosting the Economic Future of Greater Los Angeles” is the first of a series of forums that will move to Columbus, Ohio; Miami, Florida; and Sao Paulo, Brazil this year.

Following the Los Angeles launch, the San Diego Regional Chamber of Commerce, CONNECT and the San Diego Regional Economic Development Corporation hosted its own Global Cities Initiative roundtable discussion in San Diego on how to grow the regional economy through international economic opportunities. Local issues discussed were the border challenges and opportunities, reforming education to include vocational teaching and stronger STEM focus, and the general need to proceed quickly with viable trade opportunities that can take advantage of existing international relationships. Participants included the initiative’s chairman, former Chicago Mayor Richard M. Daley, San Diego Mayor Jerry Sanders and Tijuana Mayor Carlos Bustamante, Ruben Barrales, president and CEO of the San Diego Regional Chamber of Commerce, Bruce Katz, Brookings’ founding director of its Metropolitan Policy Program, Mark Cafferty, CEO of the San Diego Regional Economic Development Corp., Phil Blair, president and CEO of Manpower San Diego, Duane Roth, CEO of CONNECT, and Andrew Lee, president of ESET North America.
Read more here.
Read more in the U-T San Diego.
Read CONNECT eNews here.

 

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Roadshow takes startups on the road to finding capital

With venture capital being somewhat scarce in San Diego, CONNECT organized a roadshow to take local internet startups to San Francisco to make presentations to venture investors in the Bay Area. CONNECT has been working more broadly on several initiatives to attract more startup capital to San Diego, but its first excursion up north was successful and actually occurred somewhat by chance. “It’s not a new concept for local startup companies to trek to VCs in the Bay Area,” says Medipacs CEO Mark McWilliams, who accompanied a group of San Diego life science companies to Palo Alto, CA, in the first CONNECT-sponsored venture roundtable roadshow four months ago. “What’s new is the local venture roundtable putting a group together to go up there. I think it was a very smart thing for CONNECT to do. It really says a lot about what a struggle it is in San Diego to raise money.”
Read more in Xconomy.
View this week’s CONNECT eNews here.

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Obama to visit Virginia, push for grants to aid industry

NOTE:  The San Diego/Riverside iHub will convene a strategic planning meeting soon to attract one of the proposed manufacturing innovation centers.  – CONNECT

Source:  The Viginian-Pilot

During a Virginia visit last week, President Barack Obama pitched a plan to provide $1 billion in grant money to establish a series of regional institutes as part of an effort to expand the nation’s manufacturing base.

Money for that competitive grant program is built into Obama’s federal budget proposal for fiscal year 2013, which begins in October. His spending plan awaits congressional consideration.

According to senior administration officials, the money would create a network of 15 Institutes for Manufacturing Innovation, regional hubs that would bring together industry, government, colleges and states to spur research and development of manufacturing technologies.

Officials anticipate each institute will have a specific technology focus, with a goal of addressing industry challenges to reduce the cost and risk of commercializing new manufacturing processes.

Potential areas of emphasis include the development of lightweight materials for automobiles, aircraft, ships and trains; improvements to three-dimensional printing techniques for digital design work; and the creation of equipment to improve factory operations.

Obama will highlight the proposal today when he delivers a speech at a Rolls-Royce facility in Prince George County, where discs for the company’s aerospace engines are produced.

He’s also expected to announce the launch of a pilot institute with a $45 million initial investment.

An executive action under Obama’s “We Can’t Wait” economic platform, the pilot will be competitively selected and is envisioned as a model for other manufacturing institutes.

The Rolls-Royce facility was chosen for his speech, in part, because it represents the kind of manufacturing job creation championed by the president, with international companies bringing good-paying jobs to America.

When the company opened the facility in 2011, officials pledged to create 130 jobs when it was fully operational and signaled the prospect for future growth in Virginia.

That expansion could come soon.

Gov. Bob McDonnell this week announced that Rolls-Royce is considering a new advanced manufacturing factory at the site where high-precision turbine blades for aircraft engines would be developed.

McDonnell is expected to greet the president on the tarmac when he arrives in Richmond, and he is then scheduled to attend Obama’s speech.

Other Republicans weren’t so welcoming.

Ryan Mahoney, a spokesman for the Republican National Committee, dismissed the trip as another taxpayer-funded campaign stop that “won’t change Virginians’ minds about three years of Barack Obama’s broken promises and failed policies” on the economy.

Efforts to enhance the manufacturing sector have been a point of emphasis for Obama as he makes his economic case to the nation in a re-election year.

He touted plans to encourage the creation of industry jobs during his State of the Union address through a series of proposals to change tax policy to discourage job outsourcing.

And his administration argues his approach is working, pointing to statistics showing more than 400,000 domestic manufacturing jobs have been added in the past two years.

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Murrieta Creates Regional Innovation Center

The Murrieta City Council approved the creation of the Murrieta Regional Innovation Center to be located in the former City Hall. The Innovation Center will house start-up technology companies and will provide mentoring for those companies. The Innovation Center in Murrieta is part of an overall City Economic Development Strategy designed to create an eco-system for entrepreneurship and to promote the growth of high technology companies in the Murrieta/Temecula region. Murrieta is a member of the San Diego iHub and the Innovation Center is one of the new initiatives coming out of the San Diego iHub regional partnership. Murrieta is an upscale, planned community located in the center of Southern California – midway between San Diego and the Greater LA/Orange County metroplex.

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WBT Innovation Marketplace moves to San Diego; Call for applications

Call for applications: WBT Innovation Marketplace moves to San Diego; region lands the world’s largest event for technology companies and discoveries to present to investors

The WBT Innovation Marketplace, the world’s largest showcase of prescreened/scrubbed undiscovered companies and intellectual property emanating from top universities, labs and research institutions from across the country and around the globe, will take place in San Diego October 24-26, thanks to the strategic efforts of the San Diego Regional EDC, CONNECT, CleanTECH San Diego, UC San Diego, San Diego State University and a number of other community leaders.  The showcase is deal focused and will draw a diverse group of more than 100 technology companies which will be selected by and present to over 100 seasoned venture investors and Fortune 500 licensing scouts representing a variety of industries, each supported by private funding, federal R&D grants or both.  Overall audience size is approximately 600. WBT Innovation Marketplace is now accepting early-bird presentation applications for its next showcase in San Diego this October.  “CONNECT is thrilled to be a co-host, along with the San Diego Regional EDC, of this prestigious event in San Diego,” said Duane Roth, CEO, CONNECT. “I think it is a great fit with our local innovation economy and our top tier research institutions. We look forward to a great conference and an opportunity to showcase what San Diego has to offer.”
Read more here.

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San Diego’s top investment-ready digital deals get access to scarce venture capital with new CONNECT Roadshow

Winners of CONNECT’s 2012 Digital Life Venture Roundtable (VRT) will have the opportunity to pitch to a panel of active venture capitalists in the Bay Area this month as part of a new Roadshow launched by CONNECT. The Roadshow is a strategy to attract more investment capital to San Diego technology companies and has become part of CONNECT’s Venture Roundtable program where industry leaders select the winning companies from a pool of nominations.
Read more here.
Full CONNECT eNews from March 9, 2012 available here.

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