BERKELEY S INNOVATION ECOSYSTEM. Office of Economic Development Work Session Presentation to the Berkeley City Council

Transcription

1 BERKELEY S INNOVATION ECOSYSTEM Office of Economic Development Work Session Presentation to the Berkeley City Council

2 Introduction Main Points High tech companies grow jobs Innovation Drain is a problem for Berkeley Berkeley has a strong Innovation Ecosystem We need to take further steps to make it even stronger

3 High Tech Companies Grow Jobs

4 Tech Start-ups Linked to Job Growth Jobs Multiplier

5 Innovation Drain is a Problem

6 The Problem of Innovation Drain Berkeley Emeryville Oakland Dublin San Francisco Silicon Valley

7 Berkeley s Innovation Ecosystem

8 Innovation Ecosystem Assets Collaborative Leadership Culture Research & Education Office Space TECH STARTUPS Skilled Workforce Existing Startups Capital

9 Research and Education Institutions UC Berkeley and the Berkeley Lab

10 Research and Education Institutions SkyDeck Accelerator

11 Research and Education Institutions Next Steps Develop new strategies to retain spinouts generated by UC Berkeley and the Lab Work more closely with SkyDeck teams to help them stay here when they graduate

12 Collaborative Leadership Berkeley Startup Cluster Berkeley Startup Cluster Berkeley

13 Collaborative Leadership Berkeley Startup Cluster Berkeley Startup Cluster

14 Collaborative Leadership Berkeley Startup Cluster Meetups and Events

15 Collaborative Leadership Chuck Teller Berkeley Startup Cluster Berkeley Startup Cluster Advisory Group

16 Collaborative Leadership Berkeley Emeryville BIO

17 Collaborative Leadership Next Steps Expand the Berkeley Startup Cluster Advisory Group and engage their networks Create a Berkeley/Emeryville BIO Advisory Group Develop strategies to engage with women and minority leaders in the local startup economy

18 Office Space Affordable / Low Inventory $8.00 Average Asking Office Rents $7.00 $6.00 $5.00 $4.00 $3.00 $2.00 $1.00 $0.00

19 Office Space locateinberkeley.com

20 Office Space Coworking Space

21 Office Space Next Steps Work with the Planning Department on policies to encourage Class A office space Work with property owners, developers and brokers to encourage development of a Downtown Class A office building Attract more coworking spaces Attract a coworking maker space like TechShop

22 Access to Capital Investment in Berkeley Startups

23 Access to Capital Pitch Events

24 Access to Capital Next Steps Find new ways to collaborate with angel partners Develop a strategy to promote Berkeley with the VC sector across the region Co-sponsor pitch events that focus on women, minorities, or others who face additional barriers to funding.

25 Culture and Connectivity Quality of Life

26 Culture and Connectivity Next Steps Attract hip, new food/drink and entertainment venues Work with the Downtown and Telegraph business community to create novel special events

27 Existing Base of Startups

28 Existing Base of Startups Startup Survey OED surveyed over 450 people who work in startups A combined total of 97 percent of respondents were satisfied with locating my business in Berkeley Respondents expect their companies to grow in the next 6-12 months Most of the companies hope to stay in Berkeley as they grow.

29 Existing Base of Startups Next Steps Help growing businesses find expansion space in Berkeley Deepen relationships between startups and local resources to anchor them here Find ways to work with Finance, Planning, and IT Departments to simplify City processes.

30 Conclusions Word is getting out about Berkeley s strengths as a place for startups Relationships between startups and their support services are getting stronger We are seeing results: New businesses are choosing to expand here New incubators are targeting various sectors Co-working and office spaces are accommodating the needs of growing businesses New job creation is occuring