November 2, 2012 | San Diego Business Journal, Xconomy
Center aims to give Biomimicry a big regional role – The San Diego Zoo’s Centre for Bioinspiration Center
The San Diego Zoo’s Centre for Bioinspiration was featured in this week’s edition of the San Diego Business Journal as potentially creating the next major regional economic cluster in San Diego — Biomimicry, which takes existing knowledge of plants and animals and looks for adaptations in nature that may have practical use.
Larry Stambaugh, Dan Brogan and Ruprecht von Buttlar were the Centre’s Business Advisors as it went through the Springboard program, which ultimately led to Staumbaugh’s appointment as the managing director of the Centre.
A 2010 study commissioned by San Diego Zoo Global and conducted by the Fermanian Business & Economic Institute at Point Loma Nazarene University (both of which are CONNECT members), suggests that the center could become the next major economic driver for San Diego creating thousands of jobs and companies.
(Subscribers) Read more in the San Diego Business Journal.
October 26, 2012 | San Diego Business Journal, Xconomy
CONNECT co-hosts WBT Innovation Marketplace at San Diego Convention Center
This week, CONNECT hosted the nation’s premier event showcasing the largest forum of undiscovered companies and intellectual property emanating from top universities, labs and research institutions from around the world – the 2012 World’s Best Technologies Innovation Marketplace (WBT). San Diego was represented by over 40 of the emerging technologies presented this year, of which fifteen are now in or have participated in CONNECT’s coaching, capital and connecting programs. The list of companies includes AVACEN, Barc, Inc.; Freedom Meditech; Independa, Inc.; LonoCloud; Malama Composites; MD Revolution; Medipacs; Nasseo, Inc.; Pacific Integrated Energy; ShowUHow; Tellus Technology, Inc.; Telmedx; Unified Nexsys and 451 Degrees. WBT also hosted six California Innovation Hubs (iHubs).
San Diego was selected to host this year’s WBT due to collaborative efforts by CONNECT CEO, Duane Roth; the San Diego Regional Economic Development Corporation; University of California San Diego; San Diego State University; the San Diego Convention Center and a number of other community leaders.
(Subscribers) click here for article in the San Diego Business Journal.
Read more in Xconomy.
For more information about WBT, click here.
September 21, 2012 | NPR, KPBS
CONNECT President interviewed on NPR Midday Edition and KPBS Evening Edition on what business leaders look for in new mayor
KPBS interviewed community leaders on expectations for the new Mayor. To gain perspective on what the business community is focusing on, the station interviewed CONNECT President Camille Saltman and Vincent Mudd, president and owner of San Diego Office Interiors, immediate past chair of the San Diego Regional Chamber of Commerce and chair-elect at the San Diego Regional Economic Development Corporation.
To watch the Evening Edition segment, listen to Midday Edition segment and read the article, click here.
September 14, 2012 | U-T San Diego
Qualcomm exec to keynote World’s Best Technology Marketplace; CONNECT CEO leads financing session
The three-day 2012 World’s Best Technologies Innovation Marketplace (WBT) agenda is action packed. In less than six weeks, 130 companies leading innovations will present. Attendees can sit in on a half-day of multi-track sessions aimed to be educational and informative on topics that range from investment strategies to new innovation programs. The conference culminates on day three with an Awards Luncheon and which will be keynoted by Qualcomm’s Senior VP of Engineering, Dr. Rajesh Pankaj.
A session on new models for early stage financing will be moderated by CONNECT CEO Duane Roth and will feature a panel of experts who will discuss alternative financing vehicles for early stage companies. CONNECT’s VP of Business Creation and Development, Ruprecht von Buttlar, will share his expertise as part of another session focused on incubators, accelerators and boot camps. A special double session on the Jobs Act Legislation will be sponsored and presented by CONNECT members KPMG LLP, Latham & Watkins LLP and ROTH Capital Partners. The San Diego Regional EDC, co-host of the WBT, will lead a discussion panel on international investments.
In parallel to the ongoing technology presentations and multi-track sessions will be a business plan competition hosted by UC San Diego’s Rady School of Management and open to MBA and graduate students. You don’t want to miss this event! There is still time to take advantage of the standard registration rate until October 12.
To see the agenda, click here.
For more information and to register, click here.
To see the list of CONNECT’s mentored companies and their presenting technologies, read the press release here.
To take part in the UC San Diego Business Plan Competition, please contact Barbra Blake.
September 6, 2012 | U-T San Diego
CONNECT CEO profiled San Diego’s innovation economy and CONNECT’s catalyzing role in two U-T San Diego features this week
CONNECT CEO Duane Roth was featured in the U-T San Diego this week in the article and video entitled, “Global Forum on the Culture of Innovation: Duane Roth.” In the article, Roth says, “The fact that all those (research institutions) are packed in and are within a three-mile walking distance and can collaborate and cross-seed — that happens nowhere else in the world. That’s going to serve us for the next 10 decades. If you can name an institute and put it anywhere in the world, I promise you, the Torrey Pines Mesa is in the top three.”
Speaking of the strength of innovation stemming from the Torrey Pines Mesa, Roth indicates that the success of the region will only increase and said, “The fundamentals are in the scientists and engineers and creative minds, and we’ve got them. We will grow and grow and grow them in numbers, and they keep coming. We’re going to tell that story over and over again. If you go back in history, the most significant decision made in this town was to zone the Torrey Pines Mesa for scientific research, after we got the military. That decision changed everything.”
Read the full article in the U-T San Diego.
Roth was also interviewed by Diane Bell in an article called “Making a Difference; Leaving an Imprint on Area’s High-Tech Future” In the interview Roth said, “San Diego’s most promising research is wireless health — the convergence of wearable or implantable sensors to monitor our health in real time. Initially led by Qualcomm, it now is also supported by the West Health Institute, Calit2 and many others.
San Diego is emerging as a global leader in genomics health to predict, prevent and treat disease. Personal genomes will drive health care of the future, including stem cell regenerative medicine. This effort is led by the J. Craig Venter Institute, Life Technologies, Illumina, UC San Diego, Salk, The Scripps Research Institute, Sanford Consortium for Regenerative Medicine and Sanford-Burnham.
Finally, the future of American security will be drones. San Diego is home to the General Atomics Predator and Northrop Grumman’s Global Hawk, placing us at center stage in the amazing technology convergence of robotics, sensors and data.”
Read the full interview in the U-T San Diego.
August 31, 2012 | San Diego Daily Transcript
SDDT covers expert panel discussion hosted by SPAWAR and CONNECT on San Diego’s critical military impact
SPAWAR and CONNECT teamed up with community partners The National Defense Industrial Association (NDIA), San Diego Regional Economic Development Corporation (EDC) and San Diego Military Advisory Council (SDMAC) to host a panel of leading SPAWAR and industry experts in an open dialog about the current state of the military’s economic impact on the region and the opportunity to bridge government, academia and industry to create sustainable partnerships. This program was part of the quarterly SPAWAR-Industry Executive Network (SIEN) roundtable series.
Read more coverage about the latest SIEN program provided by the San Diego Daily Transcript and in the Navy Newsletter.
August 31, 2012 | Xconomy
CONNECT Springboard program helps launch San Diego Zoo Global’s “Centre for Bioinspiration” Technology Incubator – New head was Springboard Business Advisor
CONNECT member San Diego Zoo Global, the umbrella organization that operates the San Diego Zoo, Safari Park and Institute for Conservation Research, recently established a new Centre for Bioinspiration. The Center will partner with the region’s research institutions to help corporations around the world to transform products or components into more environmentally friendly or high performance solutions by incorporating the principals of nature. Qualcomm’s new Mirasol display and Biomatrica’s technology to stabilize biological materials at room temperatures are both local examples of biomimicry innovation. The Department of Defense and many corporations such as Nike and General Motors are drawing on biomimicry to increase capabilities and reduce weight and/or environmental impact. Xlist organizations participated in developing the concept for the new entity which was incubated inside CONNECT’s Springboard program and mentored by Larry Stambaugh, a San Diego biotech leader. Larry has since been recruited to head the new center.
“We brought Larry into the program as a mentor to develop the business strategy for the center,” says Ruprecht von Buttlar, CONNECT vice president of business creation and development. By selecting Stambaugh, Buttlar says the zoo has “recruited a leader who can make the center a reality and thus create innovative and sustainable technology from the Zoo’s vast knowledge about plants and animals.”
CONNECT president, Duane Roth, also expressed his confidence with Stambaugh’s leadership in saying, “Stambaugh has the background and experience needed to lead this effort, which could become a substantial and unique addition to San Diego’s innovation economy.”
The San Diego Zoo has generated a new revenue stream over the last few years by introducing a variety of educational and business programs focused on biomimicry – or “innovation inspired by nature.” A report undertaken by CONNECT member Fermanian Business & Economic Institute at Point Loma Nazarene University that was commissioned by the Zoo in 2011 says biomimicry could generate as much as $300 billion annually to the U.S. economy by 2025.
Read the full article in Xconomy.
August 31, 2012 | San Diego Magazine
CONNECT co-founder Mary Walshok, CONNECT President Camille Saltman and stellar line-up of women representing CONNECT member companies honored as San Diego Magazine Woman of the Year 2012 Nominees
CONNECT congratulates Dr. Mary Walshok, CONNECT co-founder, board member and Associate Vice Chancellor for Public Programs and Dean of Extension at the University of California San Diego for being recognized as a San Diego Magazine Woman of the Year nominee. Also among the nominees are CONNECT President Camille Saltman, Arlene Lieberman, Barney & Barney, LLC; Kristin Atkins, Qualcomm; Mary Ann Barnes, Kaiser Permanente; Sandy Rose Bauler, San Diego Workforce Partnership; Melissa McElvain and Coreen G. Petti, USD; Dr. Sarah Blair, MD, UC San Diego’s Moores Cancer Center; Diane McGlenn, Sharp Healthcare; Sandra A. Brown and Tiffany Hernandez, UCSD; Lauree Sahba, San Diego Regional Economic Development Corp.; Susan R. Salka, AMN Healthcare; Nancy T. Scull, McKenna Long & Aldridge LLP; Shay Hughes, Hughes Marino; and Christina Hastings, Bridgepoint Education. The award recognizes dynamic women who work to create positive change and contribute to the community.
The 2012 Woman of the Year presentation will take place on Sept. 18 at La Costa Resort and Spa from 6:30-8:30 p.m. A portion of ticket sales will benefit the Center for Community Solutions (CCS), which operates the only rape crisis center in the city of San Diego along with a countywide 24-hour crisis helpline. The nonprofit agency also provides emergency domestic violence shelters, hospital and court accompaniment, as well as legal and counseling services for those affected by rape, domestic violence, and elder abuse. Use the code: WWM2012 for $10 off tickets to the event.
To learn more about the Center for Community Solutions, click here.
For more information about the event, click here.
To see the issue of San Diego Magazine featuring the full list of nominees, click here.
August 23, 2012 | Genetic Engineering & Biotechnology News
San Diego Stands as a Top U.S. Bioregion – Genetic Engineering & Biotechnology News
According to Genetic Engineering & Biotechnology News, San Diego is a serious hot spot for biotech. Since San Diego’s life sciences ecosystem began in 1978, 600 biotech and medical device companies have been established locally. With research facilities constantly pushing to create the most revolutionary developments, San Diego is becoming internationally recognized as a truly innovative city.
The article cites CONNECT as helping link San Diego’s inventors and entrepreneurs with the resources needed for success and serving as a model for similar organizations. CONNECT CEO, Duane Roth was quoted on San Diego’s local science and research community, saying “There’s something very special about the synergy among the players here.”
CONNECT member Johnson & Johnson’s Janssen Labs set aside a portion of its 333,000 square foot space earlier this year at their location on the mesa to create a “no strings attached” life science innovation center, or incubator “to give companies the opportunity to invest their capital in research instead of infrastructure and to focus resources on progressing science instead of day-to-day operations,” according to Janssen.
Pfizer, another CONNECT member who is among the pharmaceutical companies strongly tied to the mesa’s academic institutions, announced that it would locate one of its Centers for Therapeutic Innovation at UC San Diego Health Sciences Center. In addition to the San Diego biotechs, San Diego’s life sciences cluster includes the R&D centers of several big pharmaceutical companies, such as Pfizer’s 33.5-acre cancer and ophthalmology R&D center.
To read the full article, click here.
August 23, 2012 | Qualcomm Spark
CONNECT CEO Duane Roth’s Blog, “The new wireless capital of the world,” Featured in Qualcomm Spark
Some say its San Diego’s dazzling natural beauty that sets it apart from other cities, but CONNECT CEO Duane Roth believes that merely scratches the surface of what the city has to offer.
“San Diego has transformed itself into a hub of science and technology innovation” Duane says in his blog, recently featured on Qualcomm Spark. “It’s considered by many the new wireless capital of the world.”
The heart of San Diego’s innovation can be found in the four-mile stretch of the Torrey Pines Mesa in La Jolla. “You’ll find the most concentrated collection of scientists and engineering in the world here, including the largest number of Nobel Laureates,” Roth says. Around 80 research institutes are positioned on the Mesa, allowing collaboration and accelerated innovation.
More than 6,000 innovative companies employ nearly 140,000 people in the San Diego region making it a world leader in the communications, wireless, software, and IT industries. Cymer, CareFusion, Provide Commerce, Entropic Communications, Intuit, Qualcomm, Legend3D, and Sony Electronics are just a few of the innovation companies in this space that call San Diego home.
San Diego also has some bragging rights in the biomedical and life sciences field. As Duane says, “The region is again recognized as a world leader. More than 600 biotech and medical device companies are located along the Mesa and in neighboring Sorrento Valley. The concentration of researchers and biotechs has attracted major pharmaceutical players to the cluster, including Pfizer, Lilly, Johnson & Johnson’s Janssen Labs, and Novartis.”
This trend doesn’t seem to be slowing down considering Merck’s recent $90 million commitment to a new nonprofit drug discovery institute in San Diego. Aside from the prominence of the defense and action sports sectors in the community, San Diego is also a leader in the cleantech industry. The city is a hotbed for electric-car technology, and also is home to leading solar and biofuel companies.
Read Duane’s blog featured on Qualcomm Spark.
August 23, 2012 | San Diego Daily Transcript
Forty San Diego companies heading to WBT Innovation Marketplace (where deals get done)
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 over 130 innovative companies selected to pitch to an audience of over 600 investors and licensees, more than 40 are from San Diego County, including 13 who either successfully participated in CONNECT’s flagship program, Springboard, or were past winners of CONNECT’s Venture Roundtable competitions. The list of the lucky 13 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; and Tellus Technology, Inc. in the other category. Congratulations to all!
To read the full press release, click here.
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 email@example.com for more details.
August 23, 2012 | San Diego Daily Transcript
CONNECT Springboard program partners with SBDC
CONNECT is pleased to announce an expansion to its partnership with the Small Business Development Center (SBDC), which was initiated in 2011. The new extension of the partnership links CONNECT’s Springboard program with the SBDC to offer additional resources to companies participating in Springboard.
The Springboard program offers free assistance to life science, clean tech, high-tech, and consumer product companies in all stages of development. Companies enrolled in the program now have access to additional resources to help launch into and thrive in the competitive market and compete in the Springboard Capital Competitions.
For companies not yet ready to launch, the SBDC will provide guidance in business development to better prepare these startups to compete in Capital Competitions in the following year. The SBDC also offers assistance to companies graduating from the program that need additional help growing their enterprise.
The Regional director of the San Diego & Imperial SBDC Regional Network, Debbie Trujillo, commented on the partnership in The Daily Transcript saying, “We are very excited about this new partnership with CONNECT and how it is helping both our programs expand the level of technology commercialization resources we deliver in the region.”
Read the full article in San Diego Daily Transcript.
To find out more about SBDC, click here.
To find out more about our Springboard Program, click here.
August 10, 2012 | North County Times
North County business accelerator modeled after CONNECT
The city of Murrieta has taken enormous steps to promote growth of technology innovation. A new private sector group, InSoCal CONNECT has been created to expand the best practices set forth by CONNECT; the newly formed organization has a goal of assisting the expansion, formation and development of technology companies in the area which stretches from Murrieta/Temecula/Cal State University San Marcos area on the south to the University of California Riverside on the north, along the I-15/I-215 Corridor.
To read more, click here.
August 10, 2012 | San Diego Business Journal
CONNECT’s Nearsoucing Initiative making waves in San Diego
The thinking goes against conventional wisdom; final assembly isn’t taking place in China. In fact, a San Diego company is using a second company for the development and manufacturing of its product without even leaving the city limits. This is the story of San Diego-based ecoATM, which uses Rancho Bernardo’s D&K Engineering to produce its many kiosks. For those that haven’t seen these stations before, ecoATM’s machines buy back cell phones and other electronics from consumers; they currently have about 100 kiosks in six states.
Nearsourcing connects companies in the same or nearby regions in order to find needed resources, services or manufacturing. The companies benefit from the convenience of operating in a known business environment – where laws and protections are understood – and easy access to facilities as well as from the generation of wealth for the communities which the businesses call home.
“We are seeing this trend more and more,” said Gerry Krippner, president of family-owned HK Plastics Engineering of Oceanside, as well as a second business that produces metal parts. Some 80 percent of the manufacturers’ business is local, said Ron Krippner, vice president.
CONNECT, San Diego’s multidisciplinary business support organization, is putting a new emphasis on the concept of “outsourcing in San Diego,” and plans to publicize it more in the fall. Camille Saltman, President of CONNECT, states there are more than 6,000 manufacturers and suppliers in the region, which might pair up well with San Diego’s 6,000 innovation companies.
The advantage of staying in San Diego is lack of key issues associated with outsourcing to far east countries, such as communication, time zone differential, shipping and lead times. Similarly, executives like Ron Krippner stress the importance of the quality of the product rather simple spreadsheet and accounting issues.
CONNECT’s nearsourcing portal is constantly brimming with activity is always looking to promote local business growth to stimulate the economy in our own backyard.
Read more in the San Diego Business Journal.
To find out more about CONNECT’s Nearsourcing Initiative, click here.
July 27, 2012 | UC San Diego Extension
San Diego’s hot jobs, the smart communications careers
CONNECT CEO Camille Saltman is featured in UC San Diego Extension’s new course catalogue and magazine providing advice on the job market. Says Saltman, “Careers in communications technology have made a big jump after just a steady climb through the recession. As we see growth in communications technology and biotech, we also see growth in jobs related to those industries. The region has almost 140,000 high-tech jobs in total, and our economists project they generate about 225,000 indirect jobs. That is everything from website development to IT support, legal support, accounting, office design, and office furnishings.”
Read more at UC San Diego Extension.
July 27, 2012
CONNECT featured in National Academy of Sciences’ book Rising Above the Gathering Storm: Developing Regional Innovation Environments
CONNECT was recently featured extensively in Rising Above the Gathering Storm: Developing Regional Innovation Environments from the National Academy of Sciences, National Academy of Engineering and Institute of Medicine of the National Academies.
“The ability of the states to drive innovation was the impetus behind a major workshop held in Madison, Wisconsin, on September 20-22, 2011. Entitled “Rising Above the Gathering Storm: Developing Regional Innovation Environments,” the workshop brought together leaders in education, government, economic development, and industrial innovation to discuss state and regional initiatives to boost competitiveness through science, technology, and innovation.
Keynote speaker Duane J. Roth, CEO and member of the board of CONNECT, described how a quarter-century partnership of business, universities, and governments transformed the environment for business formation and job creation in San Diego.”
To read the full book on the National Academies Press website, click here.
July 27, 2012 | Xconomy and U-T San Diego
CONNECT recruits tech veteran Kevin Carroll to lead major new small and mid-size business initiative targeting innovation companies, manufacturers and suppliers
The CONNECT Board of Directors this week approved the appointment of Kevin Carroll to Executive Vice President to build a new program called SME CONNECT, which will assist small and mid-sized businesses accelerate growth, sustain innovation and lower costs. CONNECT is a San Diego based innovation accelerator that is widely regarded as one of the world’s most successful organizations linking inventors and entrepreneurs with the resources they need for commercialization of innovative science and technology based products.
For more information, click here (PDF).
Read in Xconomy.
Read in U-T San Diego.
June 28, 2012 | KPBS and San Diego Business Journal
Steve Hoey shares his expertise on biotech funding in San Diego with KPBS and in the San Diego Business Journal
In an interview with KPBS, Steve Hoey, our director of business creation, describes how increasing biotech funding in San Diego has led to boosted company spending and research for a second year in a row. In fact, in 2011 five San Diego companies were able to raise nearly $600 million in follow-on equity. Steve explains that the increase in funding positively influences the San Diego community: “this funding that was received enables the company to continue its business, to hire additional employees, to retain staff and employees as well. If there’s a lack of funding, that’s one of the reasons why companies oftentimes fail.” Nevertheless, a sharp decline in government grants due to budget cuts from Washington D.C. prevents biotech companies from finding much more support.
Read more at KPBS.
The research conducted for CONNECT’s Innovation Reports have displayed trending up in venture capital funding and improved financial performance. According to Steve Hoey in the San Diego Business Journal, biotech attracted $498 million from VC deals in 2011 and its share has come to represent 56 percent of all VC funding received by San Diego companies in 2011. In response to these numbers, Steve stated, “Biotech has been successful in San Diego. It’s one of the few sectors that’s been robust in terms of receiving funding from venture capital organizations.” Even during the recession 70 new companies in pharmaceutical and biotech fields were started in San Diego, and Steve estimates well over 30,000 employees will work at some 600 biotech companies in the future.
Read more in the San Diego Business Journal.
June 22, 2012 | Career Planning and Adult Development Journal
Article by CONNECT’s Steve Hoey featured in Career Planning and Adult Development Journal
Steve Hoey, CONNECT’s director of business development, wrote a chapter for the Journal entitled Accelerating San Diego’s Innovation Economy: Cluster Development, Craft and the Role of CONNECT. The article focuses on CONNECT’s involvement in the creation of industry clusters in San Diego, specifically SD Sport Innovators and the sport innovation cluster, as well as the need for STEM education and the future of convergence clusters.
Read Steve’s chapter here.
June 22, 2012
San Diego places in top three tech cities; CONNECT featured in California Forward video
California Forward, a nonpartisan and nonprofit organization devoted to improving the performance of government in California, recently created a video highlighting San Diego’s innovation and the City’s Forbes ranking as one of the best cities for technology jobs. Interviewed in the video were CONNECT president Camille Saltman, BIOCOM CEO Joe Panetta, and Springboard graduate Diomics CEO Jeff Morhet. Diomics landed $1.2 million in funding through CONNECT’s Deal Network program.
For more information and to watch the video, click here.
June 15, 2012 | Genetic Engineering & Biotechnology News
Genetic Engineering & Biotechnology News article on San Diego as a top bioregion features CONNECT CEO and multiple CONNECT members
San Diego, whose weather is mild and sunny much of the year, is headquarters for two of the world’s industry giants in genomic sequencing, Illumina and Life Technologies, as well as numerous biotechs including Synthetic Genomics (SG), founded by J. Craig Venter, Ph.D. Like many other San Diego life sciences companies, SG is located on the Torrey Pines Mesa in La Jolla, also home to several other biotech companies… and the city’s academic powerhouses, UC San Diego, The Scripps Research Institute (TSRI), Salk Institute for Biological Studies, and the Sanford-Burnham Medical Research Institute…. San Diego’s four major academic institutions are open to collaborative projects such as the Sanford Consortium for Regenerative Medicine, which opened recently on the mesa. “There’s something very special about the synergy among the players here,” said Duane Roth, CEO of the non-profit CONNECT, which helps link San Diego’s inventors and entrepreneurs with the resources needed to be successful.
Read more in Genetic Engineering & Biotechnology News.
June 15, 2012 | U-T San Diego
CONNECT President presents Commitment to Action at Clinton Global Initiative (CGI) America Summit to expand CONNECT’s Nearsourcing initiative; CONNECT Innovation Institute and Nearsourcing initiative featured in U-T San Diego column
CONNECT was selected to present the Look Near First campaign and Nearsourcing manufacturing and services initiative to 1,000 business leaders at President Clinton’s Global Initiative Summit in Chicago last week.
Watch webcast from CGI America 2012 and YouTube video here and here.
In their column in the U-T San Diego, CONNECT board member Barbara Bry and Neil Senturia ask: What is the difference between creating a product and manufacturing a product? CONNECT’s research report — Innovation, Production and Sustainable Job Creation: Reviving U.S. Prosperity — that was recently released by the CONNECT Innovation Institute contends that San Diego (and the U.S.) can create more manufacturing jobs if we recognize the growing interdependence of services and manufacturing and take steps to ensure that we keep pace with our global rivals. Many San Diego innovation companies are leaders in creating game-changing products, such as Qualcomm’s CDMA wireless technology and Hybritech’s Tandem PSA Assay (for detection of prostate cancer). According to the report’s authors, Dan Breznitz and Peter Cowhey, what many manufacturers and suppliers are less skilled at is making process and incremental improvements in the design, production, distribution and servicing of these innovative products.
Read more in the U-T San Diego.
June 12, 2012 | U-T San Diego
CONNECT Innovation Institute contends that San Diego (and the U.S.) can create more manufacturing jobs
What is the difference between creating a product and manufacturing a product?
A report — Innovation, Production and Sustainable Job Creation: Reviving U.S. Prosperity — recently released by the CONNECT Innovation Institute contends that San Diego (and the U.S.) can create more manufacturing jobs if we recognize the growing interdependence of services and manufacturing and take steps to ensure that we keep pace with our global rivals.
Many San Diego companies are leaders in creating game-changing products, such as Qualcomm’s CDMA wireless technology and Hybritech’s Tandem PSA Assay (for detection of prostate cancer). What many companies are less skilled at is how to make process and incremental improvements in the design, production, distribution and servicing of these innovative products.
The report, written by Dan Breznitz, associate professor of the College of Management and the Sam Nunn School of International Affairs at Georgia Institute of Technology, and Peter Cowhey, dean of the School of International Relations and Pacific Studies, UC San Diego, has four key recommendations.
Read more here.
June 7, 2012 | FasterCures
CONNECT CEO featured in Fixes in Financing report by the Milken Institute’s FasterCures
The biopharmaceutical industry needs novel approaches to early-stage drug development that better manage risk, lower capital cost and improve research effectiveness, create diverse portfolios, leverage risk-tolerant capital, and access new capital sources. With these issues in mind, the Milken Institute’s FasterCures hosted a Financial Innovations Lab last year in New York City. The Lab was convened to address an industry-wide gap in funding for early-stage drug development—the so-called Valley of Death. Duane Roth was one of six speakers at the Lab and presented on the The Distributed Partnering Model (PDF) white paper.
This report, Fixes in Financing: Financial Innovations for Translational Research, highlights various approaches for managing and financing translational research that were discussed during the Lab, including: virtual product/portfolio development companies, venture philanthropy and government-backed investment vehicles, innovative investor tax incentives, and securitized research-based obligations.
Read more here (PDF).
May 31, 2012 | San Diego Metro Magazine
CONNECT President receives accolades in San Diego Metro Magazine
Camille Saltman was featured in the latest issue of San Diego Metro Magazine as part of their story on Women Who Rock – San Diego women nominated by readers of the magazine for their contributions to the community. She was profiled again in another feature on the YWCA of San Diego County’s TWIN (Tribute to Women In Industry) program, which honored four outstanding women leaders in their respective industries.
To view the magazine, click here.
May 18, 2012 | Consumer Media Network
Ruprecht von Buttlar and MicroPower hatch thoughts on incubators
Vice President of Business Creation, Ruprecht von Buttlar, and Jon Siann, CEO of MicroPower Technologies (Springboard graduate & CONNECT Most Innovative New Product Award finalist), shared their thoughts on the roles and benefits of incubators in an article published by Consumer Media Network on Friday, May 11.
Read the article here.
In 2011, CONNECT received an Award for Excellence in Technology Based Economic Development in the Building Entrepreneurial Capacity Category from State Science & Technology Institute (SSTI). President Camille Saltman was interviewed by SSTI on how CONNECT has assisted in catalyzing the growth of San Diego’s innovation economy and technology clusters over the past 26 years, how our renown “community of collaboration” was created and best practices for other regions across the nation who are working to accelerate the commercialization of innovation.
To listen to the podcast, click here.
May 10, 2012 | Science
Science recognizes San Diego as a major biotech cluster
CONNECT CEO Duane Roth and CONNECT Co-founder and board member Mary Walshok were featured in an article in Science last week, discussing why San Diego is a unique biocluster and how “common roots, close proximity, and networking have resulted in stellar collaborations,“ like the Sanford Consortium for Regenerative Medicine. Roth explains, “The San Diego life sciences industry is influenced by the local military base and wireless communications industry… making wearable, wireless health sensors a growing field in San Diego. Like health IT, these fit national priorities to reduce health costs, allowing patient monitoring outside of hospitals, and creating opportunities for cost-saving preventive medicine.”
Read the article here.
May 3, 2012 | U-T San Diego and Xconomy
Steve Hoey and the CONNECT Innovation Report featured in local media
StartUpHire.com reported that in 2011 36 percent of its 42,000 job postings were in engineering and other technical areas but only 15 percent of the resumes submitted were in these areas. “It’s hard to fill these positions because we have fewer and fewer people going into the technical fields,” said Steve Hoey, director of business creation at CONNECT. “I think that people are interested in this, it’s the demand that is actually growing so quickly because scientists and engineers lead innovation and its innovation that creates jobs.”
Read more in the U-T San Diego.
Xconomy reported on data from the CONNECT Innovation Report, highlighting the creation of 685 tech jobs at the end of 2011, and the positive trends visible in the San Diego innovation economy.
Read more in Xconomy.
View the CONNECT Innovation Report and Executive Summary here.
April 27, 2012
Innovation economy heated up in 2011; big increase in tech start-ups, M&A activity and patents granted
Hot off the presses, CONNECT’s latest Innovation Report shows that the San Diego’s innovation economy is starting to kick into high gear. During 2011, 312 new tech companies were established in San Diego, including 75 in the fourth quarter. The annual total is a 13 percent increase over 2010 and approaches the 319 new companies created in 2009 – the highest since before the Great Recession. Nearly 700 new jobs were created by new innovation companies in the fourth quarter alone—almost 1,200 for the year, the best job creation data since before the recession.
“We have seen relatively steady growth since July of 2010. This is very encouraging,” said Gary Moss, labor market specialist at the San Diego Workforce Partnership.
Venture capital funding dipped slightly in 2011 to $829 million, though it did surge in the fourth quarter. In a continuing trend, investment was directed towards later stage companies, which received a 94 percent increase in funding in the fourth quarter to $131 million. Start-ups did receive $5 million in the fourth quarter, far exceeding the previous quarter’s totals. Mergers and acquisitions thrived in 2011, nearly doubling to $6.6 billion. M&A deals involving San Diego companies totaled $1.2 billion in the fourth quarter. Two San Diego companies went public in 2011, generating $729 million.
San Diego hit a record for patents granted in the fourth quarter, with 1,215 being granted, compared to 940 in the fourth quarter of 2010. In addition, there were 1,702 patent applications in the fourth quarter, approaching the record of 1,725 set in the second quarter.
See highlights and the full report here.
April 20, 2012
CONNECT president wins Spirit of Commitment Award
The YWCA’s Spirit of Commitment Award recognizes a San Diegan who has provided extraordinary leadership in their chosen profession and who has shown that same level of commitment to the ongoing well-being of the community. CONNECT President Camille Saltman was honored with this award at the In the Company of Women fundraising event on Monday, April 16. The event featured Ashley Judd as keynote speaker and raised awareness about domestic violence, homelessness, and the YWCA programs.
April 20, 2012 | U-T San Diego
CONNECT board member Greg Horowitt speaks to San Diego’s strengths
Greg Horowitt was featured in the U-T San Diego, talking about his new book The Rainforest: The Secret to Building the Next Silicon Valley and what makes San Diego a successful ecosystem for innovation. Horowitt says that “San Diego fosters a culture of necessary collaboration, of mutual risk-taking. There’s a willingness to try new things, and therefore to launch new ideas.” Horowitt also credits the fact that many San Diegans are comfortable taking advantage of outside resources, as well as the existence of local organizations like CONNECT for the region’s success.
Read more in the U-T San Diego.
April 20, 2012
International Commercialization Alliance (ICA) sets up global pilot; CONNECT becomes gateway for international companies to enter U.S. market
Ontario Centres of Excellence’s Centre for Commercialization of Research (CCR) hosted the second annual International Commercialization Forum in Toronto. The Forum brought together a unique gathering of global thought leaders and practitioners from 20 countries to share and learn new approaches to building robust companies founded on the discoveries of publicly funded research. The ICA board announced at the Forum that CONNECT has become part of a pilot to help companies access global markets. CONNECT President Camille Saltman is a founding member of the ICA board and indicated that, “Not only will CONNECT be scaling up our Springboard services to attract international companies to set up shop in San Diego, our region’s companies will now be able to use the other pilot countries as a launchpad to enter international markets.”
Watch a video on the importance of international collaboration.
For more information about the International Commercialization Alliance click here.
April 6, 2012 | Riviera
Connect with CONNECT featured in Riviera magazine
CONNECT launched a new partnership with Riviera magazine for the Connect with CONNECT event held at Janssen Labs. The event was featured in the new April issue of the magazine. Highlights included catering by star chef Brian Malarkey and his hit San Diego restaurants, Burlap, Searsucker, Gabardine, Gingham and Campine, along with Stone Brewing Company and Snake Oil Cocktail Company. Save June 21 for the next Connect with CONNECT at the offices of Mintz Levin in Carmel Valley. Join more than 800 business leaders and 50+ exhibits and Get in the Zone for another gourmet networking event.
Read more in Riviera.
April 6, 2012
CONNECT selected by International Commercialization Alliance as one of three U.S. organizations to pilot new Global Marketplace
To better connect companies and stimulate new business and investment partnerships in the global marketplace, the Centre for Commercialization of Research (CCR) and the International Commercialization Alliance (ICA) have launched a project called the Global Marketplace, with pilot programs in the U.S., the United Kingdom, Canada, Singapore, Finland and Spain. CONNECT, LARTA Institute and Ben Franklin Technology Partners will lead the U.S. pilot. This project will assist San Diego innovators in accessing global markets by providing launch pads for San Diego companies in the pilot countries, and will also help attract international companies to set up operations in San Diego to enter the U.S. market. The participating countries will host rotating meetings, which will bring together leading commercialization intermediaries from their respective regions to meet with ICA members. The U.S. meeting will be held in conjunction with the Global CONNECT Summit in December.
Read more here.
March 30, 2012 | San Diego U-T
Senior chemists hear about San Diego’s innovation economy
During this week’s American Chemical Society conference, Duane Roth was the principal speaker at a breakfast held for a national senior chemists’ task force of the organization. Roth spoke about San Diego’s innovation economy to a sold out audience of this influential group who actively discuss broad issues of serious impact and consequences.
Read more in the San Diego U-T.
March 30, 2012 | Xconomy
Searching for a VC heart of gold at Rock Stars of Innovation Summit; additional coverage on NASVF website
Reading between the lines, it seemed as if Chuck McDermott was trying to set the tone—or maybe just the backbeat—for San Diego’s “Rock Stars of Innovation Summit” when he chose a 1979 John Stewart hit as the closing song for Tuesday night’s VC jam session. McDermott, who is a general partner in the Boston office of Rockport Capital and namesake of the unheralded “Chuck McDermott Band,” belted out a pretty fair cover of “Gold.” During the summit, top executives from 10 San Diego startups made presentations to close to 250 venture investors and business and academic leaders. The presentations yesterday afternoon topped a fascinating morning that included some insightful founder-funder chats, keynote talks, and discussions on topics that included emerging trends in venture investing, the convergence of genomics and “big data,” and the promise of gene therapy. The fourth annual summit was organized by CONNECT and Xconomy.
Read more in Xconomy.
The upcoming 2012 Digital Life Venture Roadshow and yesterday’s CONNECT-Xconomy Rock Stars of Innovation Summit were featured on the National Association of Seed & Venture Funds (NASVF) website. The NASVF is an international membership organization that advocates for the growth of seed and early-stage innovation capital; connects the people in the world of venture capital and regional economic development, and collaborates with public and private fund managers and tech transfer professionals.
Read more here.
March 23, 2012 | U-T San Diego
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.
March 16, 2012 | Xconomy
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.
March 9, 2012 | Xconomy
Legendary biotech leader, Ted Greene bestowed with Entrepreneur Hall of Fame Award
Former Hybritech CEO, Ted Greene was officially inducted into the CONNECT Entrepreneur Hall of Fame last week in front of an audience of over 275 attendees. He was recognized for his leadership of both Hybritech and Amylin Pharmaceuticals and is credited for inspiring countless entrepreneurs throughout San Diego, many of whom were in the room to celebrate his honor. In an on-stage interview during the luncheon, Greene was candid with attendees, saying when it comes to running a biotech start-up, “You have to believe in what you’re doing. You have to have a need, a passion, a belief.”
Read more in Xconomy.
March 9, 2012 | Union-Tribune San Diego
CONNECT board members and Rock Star researchers Larry Smarr and John Reed featured in U-T San Diego; hear more about their work at the upcoming Rock Stars of Innovation summit March 29
Larry Smarr, Director of Calit2 and dedicated promoter of the ‘Quantified Self,’ was featured on the cover of the U-T San Diego this week in an article detailing his quest to track everything about his body with the goal of turning his findings into useful scientific data. From analysis of over 100 different blood variables to maintaining optimal room temperature as he sleeps, Smarr is a visionary for personal health care.
One of the world’s leading cancer experts, John Reed, was also highlighted in the U-T San Diego for his role as CEO of the Sanford-Burnham Medical Research Institute, as well as his extensive accomplishments in gene therapy. At Sanford-Burnham, he oversees 850 scientists working on cancer, diabetes, obesity and stem-cell research, but feels that in order to take these discoveries, put them on a platform for clinical development and produce products that can help patients, the region needs to attract significantly more venture capital.
With that focus in mind, both scientists will be sharing the stage with Eric Topol of Scripps Translational Science Institute and moderator Amir Nashat of Polaris Ventures for a thought-provoking panel in front of more than 300 VCs and business leaders at the upcoming Rock Stars of Innovation summit – an event not to be missed.
Read more about Smarr in the U-T San Diego.
Read more about Reed in the U-T San Diego.
For more information on the Summit and the full line-up of speakers click here.
March 2, 2012 | New York Times
Smartphones creating DIY healthcare; Topol to speak at Rock Stars of Innovation
Eric Topol, noted cardiologist and director of Scripps Translational Science Institute is already seeing signs of companies finding ways to hook medical devices to the computing power of smartphones. Devices to measure blood pressure, monitor blood sugar, hear heartbeats and chart heart activity are already in the hands of patients. Topol acknowledges that some doctors are skeptical of these devices. “Of course, the medical profession doesn’t like D.I.Y. (do-it-yourself) anything,” he said. “There are some really progressive digital doctors who are recognizing the opportunities here for better care and prevention, but most are resistant to change.”
Topol will be speaking at the upcoming Rock Stars of Innovation summit, and will be on-site at the event signing complimentary copies of his new book, The Creative Destruction of Medicine, which lays out his vision for how people will start to take better control of their health by tracking it with increasing precision using smartphones and other wireless health devices.
Read more in The New York Times here.
More about Rock Stars of Innovation here.
March 2, 2012 | Innovation Daily and New Tang Synasty
CONNECT Innovation Institute policy recommendations receive national coverage
Media coverage is continuing this week on last week’s release of policy recommendations from the CONNECT Innovation Institute’s Reviving U.S. Prosperity project. The recommendations were delivered at the Brookings Institution in Washington, DC to a standing room only audience at a program titled “Why-and Which-Manufacturing Matters: Innovation and Production in the United States.” The authors and researchers of the studies presented their findings and policy recommendations which offer specific actions to stimulate competitiveness, particularly at the regional level, and to spread or amplify the benefits of innovation throughout society.
Read more at Innovation Daily.
Read more in a Brookings blog post by Mark Muro here.
Read more in New Tang Dynasty (NTD) Television.
Read blog by one of the authors, Dan Breznitz,Georgia Tech here.
March 2, 2012 | San Diego Union-Tribune
Ted Greene inducted into CONNECT Hall of Fame
Longtime San Diego entrepreneur, investor, inventor and biotech pioneer, Ted Greene was inducted into the CONNECT Entrepreneur Hall of Fame yesterday. Among the 250 guests assembled to honor Greene were five of the nine other Hall of Fame members including Ivor Royston, William Rastetter, Linden Blue, Peter Preuss and Gene Ray. “Ted’s ability to identify, invest in, nurture and grow companies that have become part of the backbone of San Diego’s biotech community has resulted in the creation of thousands of jobs for San Diegans and made significant contributions to overall medical research and health care. We are honored to induct him into our Entrepreneur Hall of Fame,” said Duane Roth, CEO, CONNECT.
Read mention in Diane Bell’s column in the San Diego Union-Tribune.
February 23, 2012 | Technology Review
CONNECT board member uses skillset to self-quantify; speaks at Rock Stars of Innovation summit
Larry Smarr, founding director of Calit2 is on a quest to quantify everything about his health, and through this he has become the poster man for the future of medical strategy. For the past decade, Smarr has gathered as much data as he can about his body; then has used that information to improve his health, accomplishing something few people have had the opportunity to do–he helped diagnose the development of a chronic disease in his body. “My particular story is a good example of an early victory,” he says. “I’m not saying we need to get rid of doctors. But imagine if you go in to the doctor and little widgets have been recording data to the cloud and the doctor can look at it. That’s going to be a vastly more productive visit. There’ll be a liberating effect on them.” Cardiologist Eric Topol, head of the Scripps Translational Science Institute down the street from Calit2, is a proponent of the self-quantification movement, saying “My colleagues have a doctors-know-best attitude. Individuals like Larry have much more invested here, and they’re going to put in time and resources to gather as much information as possible. Those clinicians who have the plasticity to adapt to this will be better doctors in the future.” Read More at Technology Review.
Smarr, along with Topol and John Reed, head of Sanford-Burnham Medical Research Institute, will be speaking together on this topic and joining Qualcomm CEO Paul Jacobs and others at the upcoming Rock Stars of Innovation summit on March 29. More about Rock Stars of Innovation here.
February 23, 2012
CONNECT Innovation Institute presents key policy recommendations to revive U.S. production and prosperity at Brookings Institute Forum in D.C.
A range of strategic recommendations including incentivizing the growth of contract manufacturing organizations (CMOs) in the U.S., removing regulatory financing barriers and adjusting tax policies to make capital more readily available for investment in production, and increasing specialized industry-designed regional training schemes were unveiled yesterday at a Brookings Institution program in Washington D.C. by the CONNECT Innovation Institute research team. The recommendations were made to a standing room audience of 300+ including representatives from many of the nation’s leading media outlets including the Wall Street Journal, NPR/Marketplace, AP, Reuters and Gannett. The recommendations are the result of research undertaken by the Innovation Institute over the past eighteen months, funded by the Waitt Foundation to create jobs and revive U.S. prosperity. The presentation team included Dan Breznitz, associate professor, College of Management and the Sam Nunn School of International Affairs, Georgia Institute of Technology, Peter Cowhey, Chair of the CONNECT Innovation Institute and dean of UC San Diego’s School of International Relations and Pacific Studies and Irwin Jacobs, co-founder and former chairman, Qualcomm.
To view the full summary and detailed recommendations, click here.
View webcast here.
Read more here.
February 17, 2012
CONNECT board member and experienced VC authors book on ‘innovation ecosystems’
Greg Horowitt, CONNECT Foundation board member, founding partner of T2 Ventures and co-founder of Global CONNECT, has joined his T2 partner Victor Hwang to co-author a new book tackling the difficult issue of why some regions over others thrive with innovation. Their book The Rainforest: The Secret to Building the Next Silicon Valley goes on sale February 21 and has already soared to #1 on Amazon’s Hot New Releases for New Business Ventures list. The Rainforest draws from a wide range of disciplines to help clarify what makes an innovation ecosystem succeed, and most importantly, offers practical tools for regions to foster the growth of such rainforests.
View the press release here.
Read more in Innovation Daily.
February 2, 2012 | The Daily Transcript
CONNECT’s Hall of Fame Inductee, Ted Greene, profiled in The Daily Transcript’s annual Who’s Who in Health & Life Sciences along with other CONNECT members
Eight of San Diego’s local health care and life science leaders are profiled in this week’s “Who’s Who in Health & Life Sciences” in The Daily Transcript, including three CONNECT members and the 2012 CONNECT Hall of Fame inductee, Howard “Ted” Greene. Greene is recognized for his many years of service in the biotech community, including his involvement with the creation of Amylin Pharmaceuticals. Also profiled are Tina Nova, cofounder of Genoptix who was instrumental in the acquisition of Genoptix by Novartis; Judy Muller-Cohn, cofounder of Biomatrica which develops technology that enables biological materials to be stabilized, shipped and stored at room temperature, and Martin Seidel, director of the Genomics Institute for the Novartis Research Foundation who has helped expand their operations with a new 50,000 square foot facility opening in late Spring.
Greene is the 10th inductee into CONNECT’s Entrepreneur Hall of Fame, and is being honored for his vast contributions to the biotech community at the luncheon on March 1 at Estancia La Jolla. Over the years his companies have made significant contributions to overall medical research and health care and created thousands of jobs for San Diegans. The CONNECT Hall of Fame brings together San Diego’s biotech and high tech leaders and educators to honor individuals who have achieved distinction in their career for founding, leading or advancing a San Diego technology-based or life sciences business or organization. Such entrepreneurs have contributed to the business sectors that shape our local economy, improve our quality of life and continue to inspire future generations of innovators and entrepreneurs. Other members include Dr. Irwin Jacobs, Walter Zable, Dr. Ivor Royston, Dr. William Rastetter, Dr. J. Robert Beyster, Neal and Linden Blue, Dr. Peter Preuss and Dr. Gene Ray.
Read more at The Daily Transcript.
More information about the Entrepreneur Hall of Fame Luncheon click here.
January 26, 2012 | San Diego Union-Tribune
CONNECT co-founder and board member Mary Walshok is featured on front page of SDUT
Mary Walshok was featured on the front page of Sunday’s edition of The San Diego Union-Tribune as one of the city’s top idea catalysts, initiators and advocates. Evolving from a strong critic of the region when she first moved here 40 years ago, Walshok is recognized as one of the leaders responsible for San Diego’s extreme makeover, transforming the region from simply “the Navy and the zoo” to an innovation hub and powerhouse of entrepreneurism. CONNECT CEO Duane Roth credits Walshok and her like-minded partners for their work that “not only changed the face of the economy locally, but will continue to foster innovations to solve the problems our country faces, and the world faces.”
Walshok is a sought-after and inspiring presenter who travels the world speaking to focus groups, policy makers and business associations about “The San Diego Story.” She promotes San Diego as the poster child of reinvention and provides hard facts on what it takes to create new business ventures, products and jobs. Wherever she goes, Walshok leaves her mark, which locally also includes the UC San Diego Extension. As associate vice chancellor for public programs and dean of University Extension, Walshok has been instrumental in building a vast scope of Extension offerings and programs. Under her leadership she engaged and convinced corporate leaders to teach Extension business classes thereby bringing real-life business case studies and experiences into the classroom. About San Diego, Walshok has this to say: “People don’t stop you in San Diego. We’re always starting new things in San Diego because no one’s saying ‘You can’t do that.'”
Read more at The San Diego Union-Tribune.
January 19, 2012 | San Diego Union-Tribune
SDUT quotes Steve Hoey on VC funding of tech startups
Although almost 250 new tech ventures in San Diego County got off the ground in the first nine months of 2011, fledgling businesses are increasingly feeling the crunch when it comes to attracting sustained funding from investors and VCs. VC investments in other regions like Texas, New York and the Bay Area have returned to pre-recession levels, but this does not seem to be the case in San Diego. Steve Hoey, CONNECT’s associate director of business creation and development explains that “on the eve of the recession, venture capital in San Diego spiked higher than in other cities and as a result has a much steeper path to climb. Last year, venture capital was approaching the level of where it was in 2004 and 2005, which might be close to the level we should be. Maybe this is just a renormalization of the market.”
Read more at The San Diego Union-Tribune.
January 12, 2012 | Xconomy
CONNECT’s Duane Roth comments on innovation stalemate due to regulations
Xconomy recently asked several of its Xconomists, a prestigious group of leading innovators in technology, science and business, to address what they view as a big issue of the year and their proposed solution. Roth, one of the Xconomists, raised the issue about “Regulatory Overkill” and pointed out the exorbitant amount of time and money the U.S. spends on regulations; the lack of hard facts that go into their creation, and how they hold back innovation and creativity. Roth’s solution is “an approach that identifies the most stifling of these regulations in the USA and that requires the stakeholders (regulatory body, industry and users) to draft a completely new and modern approach to regulation every 10 years. That could help ensure that innovation can thrive and that risks and benefits are balanced.”
Read more at Xconomy.
January 12, 2012
CONNECT CEO participating in Hastings Center meeting with the FDA
At this week’s meeting in Washington, “New Medical Technologies and Patient Voices,” hosted by the Hastings Center, Duane Roth will be leading a discussion titled: “Third Seat at the Table: A Proposal for Reform.” The two-day meeting focuses on the role of patients in the FDA decision-making process. The Center was awarded funding from the California Institute for Regenerative Medicine (CIRM), the U.S. Food and Drug Administration (FDA), CONNECT, Domain Associates, and the West Wireless Health Institute to explore a number of questions, such as whether FDA advisory boards that have been in place for the last two decades are still sufficient or whether they should be replaced or supplemented by some alternative mechanisms for providing patients’ voices? The meeting aims to assess existing mechanisms for involving patients and patient organizations in the FDA regulatory process and identify policy changes that may improve the current regulatory process.
January 5, 2012
CONNECT CEO featured at The Presidents’ Circle Annual Meeting
On December 8-9, the Annual Meeting of The Presidents’ Circle of the National Academy of Sciences, the National Academy of Engineering, and the Institute of Medicine was held in San Diego. This exclusive meeting focused on wireless communications and health and the biotech revolution. As one of the opening presentations of the meeting, Duane Roth, CEO of CONNECT, spoke on Science, Engineering, Medicine and Entrepreneurship in San Diego.
Access the Annual Meeting’s Briefing Book here.
For more information on The Presidents’ Circle, click here.
December 15, 2011 | KPBS, San Diego Union-Tribune, Sacramento Bee and Xconomy
Most Innovative Product Awards continues to attract media attention
News about last week’s annual MIP Award luncheon continues to make headlines. Emceed by NBA Hall of Famer and executive director of SD Sport Innovators (SDSI), Bill Walton presided over the event ceremonies and kept the audience of almost 900 executives and entrepreneurs focused on the spirit of entrepreneurship and the can-do attitude it takes to be innovative. This year’s MIP award competition received a record number of more than 140 nominations, including 37 applications in the software category alone. After months of making it through the rigorous screening process , only eight winners took the stage and accepted the prestigious award. San Diego’s most innovative new products of 2011 are: Hydroflex™ for Hydroflex Supercharger (Action and Sport Technologies); Langford & Carmichael for ScenGen (Aerospace and Security Technologies); Genomatica for Process for High-Volume Chemicals from Renewable Feedstocks (Clean Technology); Ethertronics for Ether™ 1.2.1 (Communications and IT); Memjet for Memjet Technologies (Hardware and General Technology); Life Technologies for Ion Personal Genome Machine (PGM™) (Life Science – Diagnostic and Research Tools); Hypnoz Therapeutic Devices, Inc. for JED™ Jaw Elevation Device (Life Science – Medical Products); and MOGL for MOGL (Software). The 2011 Distinguished Contribution Awards, given to community members who are supporting the success of local entrepreneurs, went to Jim Schaeffer from Merck Research Laboratories and Rodney Lanthorne from Kyocera International. To wrap up the show, the William W. Otterson Award, CONNECT’s highest honor bestowed on a product that has changed the world, was presented to Gen-Probe’s PROCLEIX® Blood Screening Assay.
Read more about the 24th annual CONNECT Most Innovative New Product Awards here.
Read more at The San Diego Union-Tribune.
Watch the video at KPBS.
Read more at The Sacramento Bee here and here.
Read more at Xconomy.
December 1, 2011 | San Diego Union-Tribune
SDUT quotes CONNECT Innovation Report author Steve Hoey on optimistic trend for San Diego jobless rate
October saw the addition of 5,200 jobs to the local economy, including 1,000 in the technical, scientific and professional sector. As a result, the unemployment rate in October dropped to 9.7%. This is positive news and Steve Hoey, associate director of business creation and development at CONNECT and author of the quarterly CONNECT Innovation Report, commented in the SDUT that, “In the tech sector, we’re getting close to where we were at the beginning of the recession. Although employers are still very cautious, they’re relaxing some of the extreme vigilance that they’ve had over the past few years. They’ve been reticent about hiring but now they’re seeing sales go up and they know they’ll need more people.”
Read more at The San Diego Union-Tribune.
Read more at the San Diego Business Journal.
December 1, 2011 | La Jolla Light
CONNECT’s excellence award in the news
An article in last week’s La Jolla Light drew attention to CONNECT’s recent national recognition, the 2011 Excellence in Technology Based Economic Development (TBED) award for Building Entrepreneurial Capacity, presented by the national State Science and Technology Institute (SSTI). CONNECT CEO Duane Roth commented, “We are honored to be recognized for the work we’ve done over the past quarter of a century and to be named along with some of the most progressive innovation initiatives in the country.”
Read more at La Jolla Light.
November 10, 2011
CONNECT announces new collaboration between CONNECT’s flagship Springboard program and the San Diego & Imperial Small Business Development Center Network
CONNECT has recently partnered with the San Diego Small Business Development Centers (SBDC) to provide innovators with coaching on accessing grant funding and federal contracts, preparing for Springboard and post Springboard support for activities such as launching manufacturing. The CONNECT-SBDC Springboard collaboration will assist innovation researchers (including scientists and engineers in research institutions), and early stage and growth stage companies in the assessment and preparation needed to launch innovation products into the marketplace and to grow technology companies. CONNECT-SBDC Springboard will utilize the services of 180+ CEO-level Entrepreneurs-in-Residence and more than 250 domain experts to guide researchers and young companies through the two to six month-long process of developing an investor pitch, business plan, marketing plan, and financial plan.
The CONNECT-SBDC Springboard program will become a component in the overall SBDC program line-up for companies. As the companies work through the two to six months of Springboard coaching (depending upon the scope of their needs) they will be paired with consultants at SBDC for coaching on access to federal grants, contracts and loans. Once the companies have completed and graduated they will be referred to SBDC for advice on later stage issues such as manufacturing and applying for Small Business Administration loans.
To apply to the CONNECT-SBDC Springboard program follow this link.
To learn more about the SBDC follow this link.
November 10, 2011 | San Diego Union-Tribune
Gen-Probe’s PROCLEIX® Blood Screening Assay Receives CONNECT’s 2011 William W. Otterson Award
Approved in 2002, Gen-Probe’s PROCLEIX® HIV-1/HCV Assay was the first FDA-approved nucleic acid test for screening donated human blood. Since its release, Gen-Probe has added to the capabilities of PROCLEIX® to include not only HIV and Hepatitis C, but also Hepatitis B and a separate test for West Nile Virus. These assays have significantly increased the safety of the world’s supply of donated blood, reducing the risk of contracting these deadly viruses from a blood transfusion in the U.S. to approximately one in two million. “Gen-Probe is one of San Diego’s top success stories. The achievements and benefits of PROCLEIX® products have created hundreds of jobs locally, but the effect on blood screening banks is felt worldwide,” said CONNECT CEO, Duane Roth. The Otterson Award was created in memory of CONNECT’s founder and first executive director, Bill Otterson, and is one of the highest honors given to technologies and products developed in San Diego that have demonstrated a significant impact on society worldwide. Gen-Probe will be presented with this prestigious honor at the upcoming CONNECT Most Innovative New Product Awards.
Read the full press release here.
Read more at The San Diego Union-Tribune.
November 10, 2011 | Innovation America
CONNECT recognized nationally with SSTI award for Building Entrepreneurial Capacity
The national State Science and Technology Institute (SSTI) this week awarded CONNECT the 2011 Excellence in Technology Based Economic Development (TBED) award for Building Entrepreneurial Capacity. There are six categories in the competition. Kentucky’s Bucks for Brains Endowment Match Program received the award for Expanding the Research Capacity; ACTiVATE® received the award for Commercializing Research; BioEnterprise (Cleveland-based) received the award for Access to Capital; Center for Integrated Manufacturing Studies (CIMS) at Rochester Institute of Technology received the award for Improving Competitiveness of Existing Industries, and NorTech Regional Innovation Cluster Model received the award for Most Promising TBED Initiative. Formed in 1996, the goal of SSTI is to spur economic development through the use of science and technology and to provide states and regions with information necessary to develop tech-based economies.
Read the press release here.
Read more at Innovation America.
Read more about SSTI here.
November 3, 2011 | Southwest Riverside News Network, Contra Costa Times, The Press-Enterprise, Inland News Today
CONNECT Associate Director, Steve Hoey featured speaker on future of jobs in Inland Southern California at Riverside San Bernardino Economic Forecast Conference
Steve, Hoey, CONNECT’s Associate Director of Business Creation and Development, was a featured panelist at the 2011 Riverside San Bernardino Economic Forecast Conference at the Riverside Convention Center today. Hoey was one of three panel members discussing the direction of jobs and employment in Inland Southern California and spoke on the importance of getting local business leaders, government organizations, trade organizations and academic research institutions to work together to identify the existing innovation assets in the region as a first step in creating a roadmap to grow the innovation economy in the Inland Southern California region. The conference was organized by Beacon Economics and the UC Riverside School of Business and included was attended by more than 400 local business leaders, government policy makers and academic researchers. The economic forecast, authored by Beacon Economics and released in partnership with the University of California at Riverside’s School of Business Administration, expects the national and state economies to pick up speed faster than the hard-hit Riverside/San Bernardino region, but says the inland area is showing increased signs of stability. Year-over-year, the local labor market has grown slightly – up by 1 percent since this time last year – and employment is expected continue to climb steadily over the next five years, according to the analysis. According to the forecast, there are important and promising indicators emerging in the Riverside/San Bernardino region, including consumers who are beginning to spend again. While taxable sales are still well below their 2007 peak, they have begun a healthy rebound, rising by 16.1 percent since hitting their low point in the second quarter of 2009 – a trend that is expected to continue, says the analysis.
Link to the conference announcement of speakers
Read more at Southwest Riverside News Network.
Read more at Contra Costa Times.
Read more at The Press-Enterprise.
Read more at Inland News Today.
September 29, 2011 | 10 News
CONNECT CEO optimistic about San Diego job growth for the future
Add your voice to the new project, launched by the San Diego Foundation, titled “Our Greater San Diego Vision” which is a community wide outreach for individuals to provide input to help build a 50- to 100-year strategic plan for San Diego. The initiative intends to put together a road map on how to create an estimated 500,000 jobs that are needed to sustain the 1.3 million people San Diego County is anticipated to increase by in the next 40 years. CONNECT CEO Duane Roth is optimistic about economic growth in the region and points to competitive economies which are the key to future growth. While most regions only have one, San Diego has three competitive economies: military, tourism and innovation. According to Roth, “creating one job in a competitive economy translates into two jobs for the local economy, from attorneys to contractors to nurses; having a competitive edge in those competitive economies could become critical.” However, “you have to have a plan or you’re planning to fail.” And that is what “Our Greater San Diego Vision” is all about.
Read more at 10News.com here.
For more information on Our Greater San Diego Vision project, click here.
September 15, 2011 | San Diego Union-Tribune
Kudos to CONNECT expressed by business entrepreneur in UT feature article
Passionate surfer, entrepreneur and successful businessman, Jeff Kelley recently credited CONNECT in helping him secure startup funding for his company, Sanuk, a footwear company whose shoes fit like sandals and are worn by celebrities like Brad Pitt and Halle Barry. Kelly sold his company this year for $120 million.
Read more at The San Diego Union-Tribune.
September 1, 2011
CONNECT CEO co-authors article on proposed FDA changes
Will the proposed new levels of regulation on medical diagnostics which are being proposed by the Food and Drug Administration (FDA) curb innovation just when personalized medicine is getting underway? In a Scientific American blog, co-authors CONNECT CEO Duane Roth and co-author Nicole Boice, president and founder of the R.A.R.E. Project (Rare Disease Advocacy Research Education), voice concern that the move “towards more enforcement will only harm a well-functioning system and the many needy patients who will find it harder or more expensive to obtain the clinical tests their doctors deem necessary.”
To read the article, click here.
July 21, 2011 | Xconomy
Xconomy features CONNECT Innovation Report: Articles focus on software industry dominance in SD and that region leads California in researcher employment
CONNECT’s recently released Innovation Quarterly Report continues to gather media attention. Citing the Report, a recent article in Xconomy highlighted that the San Diego workforce in private research organizations has reached 31,000. Steve Hoey, project leader at CONNECT, calls this news “a testament to the strong R&D base we have in our region.” Even though VC funding has dropped in San Diego, numbers like this are strong evidence that San Diego has become an innovation hub for life sciences and early stage technology companies.
Read more at Xconomy.
A second article in Xconomy highlighted the Report’s findings about the dominance of the software industry in San Diego, which now has 28,300 local employees and surpasses the life sciences workforce which currently has 28,000. Despite this enormous powerhouse, the article goes on to discuss why there was not comparable presence by the software sector out of the $198 million second quarter VC investments in San Diego. It turns out that 97% of the capital invested in the 29 startups for that quarter was in the life sciences sector. The five non-life sciences deals were for web-based companies, not software start-ups. The top 10 venture deals listed in the article included CONNECT members Conatus Pharmaceuticals and Verimatrix.
Read more at Xconomy.
June 30, 2011
Duane Roth and Hank Nordhoff present at the 2011 International Conference for Bioeconomy in Tianjin, China
Expanding innovation is a common drum beat in China as much as it is in the U.S. This past week, Hank Nordhoff, Chairman of the Board of Gen-Probe, and Duane Roth, CEO of CONNECT, participated in a panel session titled Biotechnology Industry and Finance of Science and Technology at the International Conference for Bioeconomy in China. The conference highlighted the interests of China in expanding its innovation economy and included high level government officials that described their focus areas including intellectual property, finance, basic research, commercialization and workforce development. “They are focusing on market-based solutions to healthcare innovation and a more entrepreneurial approach to commercialization,” said Roth. Roth presented the distributed partnering model for financing innovation and Nordhoff described the importance of diagnostic products to lowering overall healthcare costs.
In addition to CONNECT’s core mission to accelerate innovation, the CONNECT Innovation Institute has been established to focus exclusively on innovation economy issues and to publish timely thought papers on innovation policy and competiveness in the global economy for San Diego leaders to use in addressing federal policy issues. As momentum and development build globally, Roth sees opportunities for new models of multi-discipline and international partnering. For a link to the program please click here.
For a link to the Distributed Partnering Model for Drug Discovery and Development, authored by Duane Roth and Pedro Cuatrecasas, published by the Kauffman Foundation, click here.
April 8, 2011 | Ontario Centres of Excellence
CONNECT President & COO joins founding board of the International Commercialization Alliance
Camille Sobrian Saltman, President and COO of CONNECT, has joined the board of directors of The Ontario Centres of Excellence’s (OCE) Centre for Commercialization of Research (CCR), which recently played host to the International Commercialization Forum – the first meeting of the International Commercialization Alliance (ICA). The forum, whose mission is to help build viable companies that are based on publicly funded research, brought together experts and thought leaders from 18 countries to discuss best practice models and pave the way for improved global innovation. Forty-seven founding members signed a formal declaration of intent to create the organization and Forums are planned to convene annually.
To read the full press release, click here.
To find out more about the International Commercialization Forum, click here.
To find out more about the Ontario Centre of Excellence, click here.
April 1, 2011 | San Diego Business Journal
Gene Ray inducted into CONNECT Hall of Fame
Longtime San Diego businessman and founder of Titan Corp., Gene Ray was inducted into the CONNECT Entrepreneur Hall of Fame earlier yesterday. Among the 250 guests assembled to honor Ray were past honoree Linden Blue and distinguished guests, Betty and Mary Ann Beyster and Mary Walshok. Duane Roth, CONNECT’s CEO said “Gene has played a groundbreaking leadership role in our community, building and growing the defense cluster while creating tens of thousands of jobs for San Diegans. We are honored to induct him into our Entrepreneur Hall of Fame.”
Read more here.
February 25, 2011 | The San Diego Union-Tribune
CONNECT CEO, Duane Roth, tours Sempra’s natural gas import plant in Ensenada
On February 11, top San Diego business leaders, including CONNECT CEO Duane Roth, toured Sempra’s natural gas import plant in Ensenada as part of the Chamber of Commerce-sponsored Coalition for Border Prosperity. Warned beforehand that the plant was embroiled in a heated dispute over its permit with the new mayor of Ensenada, attending coalition members were told to expect the presence of TV cameras and press outside. Luckily, all members completed their tour and departed the plant safely just minutes before the Sempra-Ensenada tensions became tangible when the mayor’s forces invaded the facility as part of a takeover attempt. According to Roth in an interview in The San Diego Union-Tribune, the political turmoil “does not reflect well for future investments of this type.”
February 24, 2011 | The Daily Transcript
CONNECT President, Camille Sobrian Saltman, discusses at Executive Roundtable future outsourcing resources CONNECT will provide for startups and engineering firms
The recession has changed the game for technology companies in San Diego, a city not known for being an easy place to do business to begin with. At a recent Daily Transcript executive roundtable, more than a half-dozen technology executives said the financial turmoil of the last few years has made access to capital more difficult than ever, and the lack of skilled engineers in this region has become a glaring issue. Several have been forced to change their business practices, for example, relying more on outsourcing.
Camille Sobrian Saltman, president and chief operations officer of the trade group Connect, pointed out that currently, the United States is not graduating enough engineering students. However, the problem is felt acutely in technology centers like San Diego. “There are 6,000 open software engineering positions in San Diego,” Saltman said. “And that’s everyone from Jack in the Box to (more high-tech).” This, in addition to economic reasons, is why many high-tech companies outsource their engineering needs, including to offshore.
Saltman said Connect is working hard at generating resources to make it easier for San Diego companies to navigate these challenges, so that they don’t leave for other opportunities. There are, after all, plenty of other regions offering tax breaks and land discounts to try and lure high-tech companies. Connect also is creating directories of businesses that might be able to partner with startups, as well as directories of engineering firms that can take on outsourcing work. She said that while San Diego has disadvantages, the city’s famously entrepreneurial and friendly manner could be a serious economic asset.
Read more here.
February 21, 2011 | San Diego Business Journal
Pillars of the Community
Duane Roth, chief executive officer of Connect — an organization that links young businesses with the resources they need to grow — divides the San Diego economy into five clusters.
The key clusters, Roth asserts, are the four that import money from out of town. These drive the rest of the local economy. They are:
- The technology innovation/manufacturing cluster, which according to Connect employed 137,450 workers in 5,950 companies during the first quarter of 2010. The cluster takes in wireless communications, biotech and small, emerging areas such as recreational goods.
- Research institutions. San Diego has 82, which employ 30,000 people, said Steve Hoey, a Connect employee who compiles the organization’s quarterly Innovation Report. The number excludes the U.S. Navy’s Space and Naval Warfare Systems Command, aka Spawar, which operates its own research lab and has 4,500 employees. Research institutions bring in roughly $5 billion a year from Washington, D.C., Roth said. Sources include the National Institutes of Health and the U.S. Department of Defense. Star researchers attract money, Roth added. They include J. Craig Venter of the J. Craig Venter Institute and Larry Smarr of the California Institute for Telecommunications and Information Technology.
- The cluster taking in conventions, tourism and gaming employs 152,600 people, according to the San Diego Convention & Visitors Bureau. It imports money in a relatively low-tech way: Tourists bring the cash.
- San Diego also has its military cluster. According to an April report from the San Diego Military Advisory Council, the Defense Department directly employed 137,000 people in fiscal 2008, the last year for which statistics were available. Government contractors received $8.9 billion in contracts in fiscal 2008, SDMAC reported. It’s another instance of Washington sending money to San Diego.
- The remaining cluster is local services — the restaurants, auto dealers and hospitals.
When things go well, Roth said, the initial four clusters pour money into the fifth. People buy homes, buy cars and dine out. Money recycles in the community. It’s a “feedback loop,” Roth said.
The danger, Roth said, is assuming that local commerce is the only thing that matters in the economy. “It’s the beneficiary of the traded economy,” Roth said, referring to the four other clusters that import money from outside the area.
Politicians may be too concerned about the last cluster and not the preceding four, he added.
Roth said that people concerned about San Diego’s economic development should ask themselves how they can promote the four clusters. What’s more, he said, they ought to familiarize themselves with the top challenge to each of those clusters.
For example, in the tourism cluster, Roth said, there is the need for an expanded convention center. Boosters of a $710 million, 400,000-square-foot addition say the current center turns away large amounts of business every year.
“Build the convention center, guys,” Roth said. “We can’t afford not to.”
Read more here.
January 7, 2011 | San Diego Business Journal, KPBS
CONNECT CEO Duane Roth discusses San Diego growth of regional technology employment in SDBJ; provides insights for KPBS on San Diego innovation industry challenges from foreign competition
San Diego county’s reputation as a hotbed for technology was bolstered with the announcement that with tech employment at 110,985 last year, San Diego is ranked 11th among high tech cities. The region is also the 11th largest in terms of its aggregate tech payroll, with $10.3 billion, according to the study, Cybercities 2010: The Definitive Analysis of the High Technology Industry in the Nation’s Top 60 Cities. Duane Roth, CEO of CONNECT was quoted in the story saying, “It’s constantly evolving where the jobs are, but overall we’re absorbing and adding jobs. The diversification of the science and technology industry here is so big and the skill sets those folks have are readily transferrable.”
Read more at the San Diego Business Journal.
San Diego has about 550 biotech and life science companies who employ around 40,000 people however, the innovation industry faces rising competition from overseas in the new year. Governments in China, South Korea, India, and Europe are investing billions of dollars in their own scientific industries. In a recent KPBS article, CONNECT CEO Duane Roth discussed the financial impact of San Diego’s innovation industry, saying, “The innovation economy and that’s all sectors is about 5 to 6 percent of the employers, it’s about 10 to 11 percent of employees and 25% of San Diego’s payroll dollars.”
Read more at KPBS.
January 7, 2011 | San Diego Business Journal
CONNECT Sr. Program Manager Steve Hoey discusses life sciences industry challenges of global competition
In a recent San Diego Business Journal article, Hoey discusses the increasing amount of competition and investment coming from Asia and Europe as well as the recent credit crisis and economic downturn which have exacerbated related challenges that face life sciences companies seeking financing to develop and license drug leads or medical devices. “Despite the money challenges, it’s hard to keep good ideas and passionate entrepreneurs down,” said Hoey, “The life sciences sector is still going strong.” Hoey summed up by citing that San Diego ranked first in California in the third quarter of 2010 with 33 new startups.
Read more at the San Diego Business Journal.
January 7, 2011 | La Jolla Light
Dr. Ivor Royston discusses impact of CONNECT on San Diego region
As part of UC San Diego’s 50th anniversary, the La Jolla Light recently asked several prominent members of the community for their thoughts on how the university has affected La Jolla, including Dr. Ivor Royston who was a member of the oncology faculty at UC San Diego from 1978 to 1990, and was inducted into the CONNECT Entrepreneur Hall of Fame in 2006. He, Vice Chancellor Mary Walshok, and others created UCSD CONNECT to assist entrepreneurs in fundraising, strategic alliances, and gaining marketing and management expertise. The article prominently discusses CONNECT’s contributions to the innovation community, including its assistance in developing more than 2,000 technology companies in the La Jolla region. Read more.
January 5, 2011 | KPBS
CONNECT’s CEO Comments on San Diego’s Innovation Industry Facing Foreign Competition
San Diego’s biotech and innovation industry faces the new year with rising competition from overseas. Governments in China, South Korea, India and Europe are investing billions of dollars in their own scientific industries. San Diego has about 550 biotech and life science companies who employ around 40,000 people.
Duane Roth, CEO of Connect, an organization that fosters local innovation, says the financial impact of San Diego’s newly coined “innovation industry” results in billions of local payroll dollars and significantly improves the regions tax base. “The innovation economy and that’s all sectors is about 5 to 6 percent of the employers, it’s about 10 to 11 percent of employees and 25 percent of San Diego’s payroll dollars,” said Roth.
Read full story here.
December 10, 2010 | 10 News, San Diego Union-Tribune, Xconomy, KPBS, CNBC, Forbes
CONNECT 23rd Annual Most Innovative New Product Awards is a success
Last week’s Most Innovative New Product (MIP) Awards were recognized by a variety of media outlets sharing the success of the event.The MIP Awards featured the announcement of winners in each of eight categories: action and sport technologies, aerospace and security technologies, clean technology, communications and IT, hardware and general technology, life sciences – diagnostics and research tools, life sciences – medical products, and software, along with the winners of the Distinguished Contribution Awards for Life Science and Technology and the winner of William W. Otterson Award. Barbara Bry, COO, Blackbird Ventures said, “Everything was perfect – the creative opening video, Bill Walton’s sincerity and passion as MC, the acceptance speeches by all the winners, and the William W. Otterson award presentation to the Chipmans who represent the entrepreneurial innovative spirit so pervasive in San Diego.”
Watch news segment at 10 News
Read more at the San Diego Union-Tribune
Read more at Xconomy
Listen to KPBS radio interview with Duane Roth, CEO, CONNECT
Read CNBC‘s coverage of NeuroVigil’s MIP Award for iBrain
Read Forbes coverage of MIP Winner NeuroVigil’s innovative treatments for brain diseases
November 18, 2010 | The San Diego Union-Tribune
CONNECT recognized at UC San Diego’s 50th anniversary
In this week’s extensive coverage on UC San Diego’s 50th anniversary, CONNECT was recognized as playing a part in UC San Diego’s history. CONNECT was originally founded and run through the University Extension program, prior to spinning out five years ago. According to UC San Diego Associate Vice Chancellor and Dean of University Extension, CONNECT co-founder and Board Member Mary Walshok, “The downtown economic development crowd was in a corner when somebody said, ‘Look at that company Linkabit up on the mesa. Look at Hybritech. Maybe we should be growing our own companies.” Read more in The San Diego Union-Tribune.
November 5, 2010 | The San Diego Union-Tribune
CONNECT 2010 Innovation in Economic Development Award and TIME article covered in SDUT
The 10th Annual Innovation in Economic Development Awards were announced in Atlanta at the Southeast Workforce and Economic Development Conference co-hosted by the U.S. Department of Commerce’s Economic Development Administration and the U.S. Department of Labor’s Employment and Training Administration. CONNECT was designated as the winner for “Innovation in Regional Innovation Clusters.” “The 2010 Innovation Award winners showcase some of the nation’s best practices for promoting economic development through collaborative initiatives and highlight outstanding examples of regional success in the global marketplace,” said Assistant Commerce Secretary John Fernandez. “I congratulate all the winners for their tremendous contributions to strengthen our nation’s economy.”
CONNECT was recognized for its 25-year mission “of commercializing technology coming from San Diego’s many federally-funded research institutions and offering on-going education, networking and recognition to start-up companies in emerging technology. Read more in The San Diego Union-Tribune.
October 26, 2010 | U.S. EDA
CONNECT wins 2010 Innovation in Economic Development Award from U.S. Economic Development Administration
The 10th Annual Innovation in Economic Development Awards were announced in Atlanta at the Southeast Workforce and Economic Development Conference co-hosted by the U.S. Department of Commerce’s Economic Development Administration and the U.S. Department of Labor’s Employment and Training Administration. CONNECT was designated as the winner for “Innovation in Regional Innovation Clusters.”
“The 2010 Innovation Award winners showcase some of the nation’s best practices for promoting economic development through collaborative initiatives and highlight outstanding examples of regional success in the global marketplace,” said Assistant Commerce Secretary John Fernandez. “I congratulate all the winners for their tremendous contributions to strengthen our nation’s economy.”
CONNECT was recognized for its 25-year mission “of commercializing technology coming from San Diego’s many federally-funded research institutions and offering on-going education, networking and recognition to start-up companies in emerging technology business clusters. The California Governor’s Office of Economic Development designated San Diego as one of California’s seven Innovation Hubs (iHUB) and CONNECT serves as the leader of San Diego’s local iHUB effort.”
Duane Roth, CONNECT CEO, stated, “We are extremely grateful for this recognition from the leading federal agency focusing on spurring innovation in economic development. This reaffirms our commitment to opening a D.C. office to educate Washington on how the innovation economy works. The continued success of San Diego’s regional innovation efforts and those of other regional innovation clusters will be accelerated when Washington understands the ingredients of thriving innovation ecosystems across the country and how to create supportive public policies.”
For the full press release, click here.
October 25, 2010 | TIME Magazine
CONNECT featured as a model in TIME Magazine
In a TIME Magazine article by Bruce Katz called “Intelligent Cities”; To double exports and create jobs, the U.S. has to invest more in its metro areas, CONNECT is featured as a model and our success is highlighted in helping our region transform into an innovation economy.
“… In 1985 an energetic nonprofit called Connect sprang up to link the scientists and inventors at top research institutions — including the University of California at San Diego, the Salk Institute and the Sanford-Burnham Medical Research Institute — with investors, advisers and support services so their new ideas could become new products and companies. The inventive brew that Connect fermented has made San Diego home to a cluster of life-sciences and technology companies such as Qualcomm, Biogen Idec, Life Technologies and Gen-Probe. New York City has had its eye on San Diego’s success and announced its own undertaking in February. San Diego Mayor Jerry Sanders says, ‘When we emerged out of the period when the defense industry left San Diego, Connect was there. They helped to create eight clusters of technology that have been employment drivers in San Diego, and we’ve been able to build on that ever since.’ In terms of jobs, the region’s technology sector has fared better in this recession than its broader economy …”
Read the full article here.
October 8, 2010
SDBJ honors CONNECT co-founder Mary Walshok for courage, leadership
CONNECT co-founder Mary Walshok will be honored in late October at the San Diego Business Journal’s 17th Annual Women Who Mean Business Awards. Walshok, the associate vice chancellor for public programs and dean of UC San Diego’s Extension program, will receive the Community Leadership Award. Read more in San Diego Business Journal.
September 30, 2010
Brookings Institute partners with CONNECT and UC San Diego to curb offshoring U.S. manufacturing
By Mary Walshok, Associate Vice Chancellor for Public Programs and Dean of Extension, UC San Diego
On Sept. 23, CONNECT CEO Duane Roth, Public Policy Director and Chief Counsel Tim Tardibono and I attended a meeting in Washington, D.C. on Regional Innovation Clusters: Advancing the Next Economy. San Diego shined in this national gathering of regional leaders and cabinet level officials, Roth participated in the session “Regional Actors Strengthening Clusters” and discussed the formation and 25-year history of CONNECT; the growth of the cluster of research institutes on the Torrey Pines Mesa, San Diego State University and SPAWAR; and the vast number of trade associations that support and contribute to the cultivation of San Diego’s innovation economy. Roth then highlighted the San Diego iHuB convergence clusters, including wireless health, biofuels and solar storage. He also suggested some policy issues that seemed to resonate with the audience and announced CONNECT’s presence in Washington, D.C.
In his keynote address, Lilly Chairman and CEO John Lechleiter cited CONNECT and UC San Diego as important partners in regional collaboration with both Lilly and BioCrossroads. Jason Furman, deputy director of the National Economic Council, also presented and specifically named the work of CleanTECH San Diego as an example of leadership in regional collaborations around energy sustainability. This was followed by a panel on Federal Cluster Policies and Initiatives where SBA Administrator Karen Mills introduced San Diego State University as a winner of the recent competition for Regional Innovation contracts (one of 10 awards selected from 173 proposals).
Needless to say, it was a stunning day for San Diego. In addition, over the weekend both Duane and I received warm letters of thanks from our colleagues at Brookings noting that: “What you are doing and how you both talk about it is making a huge difference in this country. “Our colleagues would like work with us on an immediate plan to utilize clusters as a stay against offshoring in U.S. manufacturing. A number of strategies will be pursued along with the goal of drawing together significant CEO-level voices to affirm this message at a high-level event in Washington, D.C.
September 23, 2010 | The San Diego Union-Tribune
CONNECT partners with SPAWAR, FED and SDSU to help San Diego defense industry
San Diego is among 10 regions selected to receive funding for economic development and job creation under a pilot program titled Innovative Economies. SDSU’s Entrepreneurial Management Center and College of Business will provide mentorship and business training for local businesses identified for the program to create more opportunities for local small businesses in the defense industry. CONNECT, SPAWAR Systems Center Pacific and the Foundation for Enterprise Development are also partners on the project. Read more in The San Diego Union-Tribune.
September 17, 2010 | The Hill
CONNECT is recognized by vice chair of Obama’s Finance Committee as a springboard for San Diego’s tech industries
NBA Hall of Famer and broadcaster Bill Walton appeared on Capitol Hill Tuesday to urge lawmakers to strengthen intellectual property protections and allow foreign-born graduate students with skills in science and technology to stay in the country. Walton is the executive chairman of San Diego Sport Innovators, part of the nonprofit organization CONNECT, which gives inventors and entrepreneurs the tools and information they need to build successful companies.
“Bill was able to capitalize on his identity as a sports legend to highlight to Hill staffers and industry leaders the need to fight IP piracy and improve high-tech visas,” said CONNECT Public Policy Director and Chief Counsel Timothy Tardibono. “The great coverage of the briefing will help the Hill and Administration identify CONNECT as a key player in innovation policy.” Walton stressed the need to improve science and math education and said China is currently graduating 500,000 engineers every year, in comparison to 150,000 in the U.S.
“Mr. Walton did a great job of explaining the importance of innovation and what the government can do to help out,” said Gary Kline, Senior Policy Advisor for the Office of Congressman Brian Bilbray. “His stories and personal anecdotes showcased his passion for this issue and made an effective case for those of us on Capitol Hill to take action and protect this industry and help it thrive.”
Walton specifically spoke out in favor of two bills: the STAPLE Act introduced by Rep. Jeff Flake (R-Ariz.) and the StartUp Visa Act introduced by Sen. John Kerry (D-Mass.).
Access the full article on The Hill’s Hillcon Valley blog.
September 10, 2010 | San Diego Metropolitan Magazine
CONNECT promotes Camille Sobrian to president; announces new initiatives
At the same time that it promoted Camille Sobrian from chief operating officer to president, the nonprofit CONNECT organization launched a series of initiatives aimed at stimulating the technology industry in San Diego. Sobrian had been COO since January 2007 and was responsible for running the organization’s 26 programs and 360 events each year. CONNECT CEO Duane Roth will implement the organization’s new initiatives, which include the opening of the CONNECT Innovation Institute. Read more in the San Diego Metropolitan Magazine.
July 6, 2010 | The San Diego Union-Tribune
CONNECT CEO co-authors SDUT opinion piece on the impact of state budget cuts on public higher education
CONNECT CEO Duane Roth, San Diego Regional Chamber of Commerce CEO Ruben Barrales and San Diego Regional Economic Development Corporation CEO Julie Meier Wright, published a piece indicating that a further fiscal squeeze on California’s public higher education system will cause irreparable damage to our economic engine. Read more in The San Diego Union-Tribune.
July 6, 2010 | San Diego Business Journal and The San Diego Union-Tribune
CONNECT community, Hamlisch celebrate CONNECT’s Silver Anniversary
Emotions ran high at CONNECT’s 25th Anniversary as the founders and the CONNECT community joined together to observe 25 years of innovation and commemorate the legacy of Bill Otterson. Co-founder Mary Walshok gave a heartwarming account of CONNECT’s history. Award winning conductor and composer Marvin Hamlisch was introduced by Irwin Jacobs and entertained the audience with a humorous take on CONNECT’s history. He performed a number CONNECT Co-founder David Hale accepts Proclamation from Mayor Jerry Sanders of favorites and then his Oscar winning arrangement The Entertainer to a photo montage of 25 years of CONNECT. The Mayor of San Diego presented co-founder and CONNECT Chairman David Hale with a proclamation making Tuesday CONNECT 25th Anniversary Day and Hale announced the formation of the Bill Otterson Legacy Fund. Click here to view the pictures. To watch clips of CONNECT’s Silver Anniversary, click here. Read more in San Diego Business Journal and The San Diego Union-Tribune.
July 6, 2010 | North County Times, The San Diego Union-Tribune and Xconomy
Governor designates San Diego an iHub; CONNECT to coordinate efforts of 34 iHub partners
The Governor’s Office of Economic Development announced on June 29 that San Diego has been granted an official designation as a regional innovation hub (iHub). CONNECT will coordinate the effort that brings together 34 of San Diego’s leading research and academic institutions, trade associations, economic development organizations and capital providers to support funding, start-up, development and job creation in the wireless, genomic health, energy storage and biofuels clusters. Read more in the North County Times, The San Diego Union-Tribune and Xconomy. Read more in the press release here.
June 17, 2010 | San Diego Metropolitan Magazine
CONNECT’s 25 year history featured in San Diego Metropolitan Magazine
Co-founder Mary Walshok and CEO Duane Roth discuss the transformation of the San Diego economy, 25 years after the birth of CONNECT. CONNECT has become a worldwide model for technology and life science innovation, fostering job-generating businesses. Read more in the The San Diego Metropolitan Magazine.
May 28, 2010 | Xconomy
CONNECT launches Professional Service Partnership Initiative with Symposium on the benefits of outsourcing
CONNECT successfully launched one of its five 2010 Innovation Initiatives last week with the Professional Service Partnership Symposium at the law offices of Mintz Levin. The sold-out Symposium – Accelerate Growth, Reduce Risk and Cut Costs by Outsourcing in San Diego – discussed why companies of all sizes are not only outsourcing to increase efficiency but even more importantly to increase innovation. In fact, as a part of the process of engineering the first bacterial cell with a synthetic genome, The J. Craig Venter Institute used Seattle-based Blue Heron to synthesize all the data into genes that gave rise to the bacterial cell. Read story in Xconomy.
Speakers included Carl Eibl, Partner, Enterprise Partners Venture Capital; Tim Wollaeger, Managing Director, Sanderling Ventures; Magda Marquet, Founder and Co-chair, Althea Technologies and Althea Dx; Lincoln Krochmal, President and CEO, Excaliard; Bill Gerhart, President & CEO, Elevation Pharmaceuticals; Sanfor B. Ehrlich, Qualcomm Executive Director for the Entrepreneurial Management Center, SDSU; Gad Shaanan, President and CEO, GadLIGHT; Graham Milner, EVP, Global Innovation, WD-40; Sean Mallean, CEO, Itragomobility; Jo Marie Diamond, VP, East County Economic Development Council; and Duane Roth, CEO, CONNECT. Event sponsors included Invetech, Biocrossroads, Althea Dx and The City of Murrieta.
May 20, 2010 | Xconomy
CONNECT receives major grant from Biogen Idec Foundation for science education program for 7-12th grades
CONNECT announced that it has received a $100,000 Transformational Grant in science education from the Biogen Idec Foundation. The grant will be used to develop a pilot program in support of the Biogen Idec Foundation Entrepreneurs for Young Innovators, which is designed to inspire 7th through 12th grade students to pursue careers in life sciences, by introducing them to charismatic local entrepreneurs who are developing products that may improve lives worldwide. Read more here and Xconomy article, “Biogen Idec Grant Sends San Diego’s Aspiring Biotech Rock Stars into Local Schools.”
May 20, 2010 | North County Times and Voiceofsandiego.org
CONNECT CEO says Escondido is poised to become new biotech hub
Duane Roth says Escondido is the leading candidate for a biotech assembly cluster. Roth indicates that biotech companies want to maintain their research and development teams in La Jolla and Sorrento Valley, but that they’d like to move assembly of biotech products to where land and labor are cheaper. Read more in North County Times and in Voiceofsandiego.org.
May 14, 2010 | Xconomy
Turnaround advice to Detroit; CONNECT CEO unlocks San Diego’s secrets to transformation to innovation economy
Roth notes there are five main things that San Diego has learned about innovation: 1. Analyze what you do best and do that; 2. Don’t minimize the importance of small companies; 3. Cultivate technology clusters; 4. Collaborate (institutions need to work with industry, industry needs to work with local government and local government must be educated by all of the above); and 5. Establish nonprofit organizations like San Diego’s CONNECT. Read full article written by Duane Roth in Xconomy.
April 30, 2010 | Xconomy
CONNECT inducts software pioneer, Peter Preuss, into Entrepreneur Hall of Fame
On Thursday, April 22, 2010, computer software pioneer and philanthropist, Peter Preuss, was inducted into CONNECT’s Entrepreneur Hall of Fame. A sold-out audience of 250 celebrated the achievements of this visionary leader at a luncheon and heard his story through a live interview with COX 4 San Diego’s, Jane Mitchell. “The criteria is that they built great companies, but they also gave back to the community,” said CONNECT CEO, Duane Roth. Read full article in Xconomy. See more pictures here.
April 30, 2010 | Inc. Magazine
Inc. Magazine spotlights CONNECT as one of 20 business incubators across the U.S. “Where Great Ideas are Born”
In a feature called “Incubation Nation,” the May issue of Inc. puts the spotlight on 20 initiatives across the nation that are working to transform the raw materials of ideas into fully formed, job-generating businesses. CONNECT is the only accelerator highlighted in California, “San Diego: CONNECT, one of the nation’s first incubators, has been working with start-ups since 1985; the 2,000 ventures it has assisted have received more than $10 billion in funding. Participants get advice from mentors, as well as help with building prototypes, securing intellectual property, or performing preclinical trials. Who gets in: Early-stage tech firms. Breakout company: ecoATM, creator of a vending machine that automates the process of recycling electronic devices.” Read more here.
April 23, 2010 | New York Times
Lean start-ups to explore benefits of “cloud manufacturing” at CONNECT’s first Professional Service Partners Symposium
With more than 250 outsourcing companies in San Diego, CONNECT is organizing a symposium to bring together small businesses with contract service companies in a roundtable discussion on the benefits of finding the right outsource partner on May 20 from 3-5pm at Mintz Levin. Start-ups now have to be “much leaner, much more capital-efficient, much smarter in accessing worldwide talent and quicker to market in order to do more with less,” said Bevil Hogg, a founder of Trek Bicycle Corporation. Thomas Friedman’s perspective on cloud manufacturing’s benefits to start-ups was featured in the New York Times.
April 23, 2010 | San Diego Business Journal
Congratulations to Peter Preuss – the 8th inductee into CONNECT’s Entrepreneur Hall of Fame
On Thursday, April 22, 2010, computer software pioneer and philanthropist, Peter Preuss, was inducted into CONNECT’s Entrepreneurial Hall of Fame. A sold-out audience of 250 celebrated the achievements of this visionary leader at a luncheon at Estancia La Jolla, and heard his story through a live interview with COX 4 San Diego anchor, Jane Mitchell. In addition to the live interview, guests enjoyed music performed by a string quartet made up of Preuss School students as well as a video tribute to Peter. CONNECT would like to thank sponsors Sempra Energy, Sanford|Burnham Medical Research Institute, Ernst & Young, COX Business and UC San Diego; Young Innovators hosts Irwin & Joan Jacobs Foundation, Walter & Betty Zable Foundation, Ferrell Family Foundation, Patricia & Christopher Weil Family Foundation, Julia Brown and Enterprise Partners Venture Capital; and all of the folks and organizations who purchased tables and tickets to the event for their support and contribution. Congratulations, Peter Preuss, for being the 8th inductee in CONNECT’s Entrepreneur Hall of Fame! Other Hall of Fame members include Dr. Irwin Jacobs, Walter Zable, Dr. Ivor Royston, Dr. William Rastetter, Dr. J. Robert Beyster and Neal and Linden Blue. Read more in the San Diego Business Journal.
September 18, 2008 (NY Times News Article)
Entrepreneurial Edge: Helping New Technologies Grow Into Businesses, the San Diego Way
So far, San Diego remains a fertile breeding ground for entrepreneurs, despite the problems in the broader economy.
That is due in large part to a nonprofit organization, Connect, that was created 23 years ago to bring together people knowledgeable about business and investment capital with researchers at the universities and research institutes in San Diego.