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City of Pleasanton
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CITY CLERK
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2012
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051512
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5/10/2012 3:23:14 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
5/15/2012
DESTRUCT DATE
15Y
DOCUMENT NO
10
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BACKGROUND <br /> The Innovation for Green Advanced Transportation Excellence (i-GATE) initiative was <br /> implemented in 2010 when i-GATE was formally designated as an Innovation Hub <br /> (iHub) by the California Governor's Office of Economic Development. The iHub program <br /> was created to improve the state's national and global competitiveness by stimulating <br /> partnerships, economic development, and job creation around specific research clusters <br /> by proving a framework for startup companies, business groups and investors. As an <br /> iHub, i-GATE is a public-private partnership aimed at bringing technology out of <br /> Lawrence Livermore and Sandia National Laboratories to the commercial market. In <br /> addition to the laboratories, the i-GATE partnership includes a consortium of <br /> universities, business organizations, companies and municipalities. <br /> Initial municipal participants were located in the Tri-Valley and included the Cities of <br /> Pleasanton, Livermore, Dublin, San Ramon and the Town of Danville. Involvement has <br /> now been expanded to cover a broader geographic area, from Fremont to Davis, to <br /> bring additional assets into i-GATE. To date, the administrative work required to <br /> establish and coordinate the i-GATE initiatives has been provided and largely <br /> underwritten by the City of Livermore, augmented by Small Business Development <br /> Center (SBDC) funds and private contributions. <br /> Governance of i-GATE is through two non-profit boards of directors: i-GATE NEST — <br /> which oversees the policies and programs for a technology business incubator, and i- <br /> GATE Development Corporation —which oversees the development of i-GATE facilities. <br /> In addition to these boards is a Mayoral Advisory Committee comprised of the mayors, <br /> city managers, economic development directors and business representatives from <br /> each participating municipality. <br /> DISCUSSION <br /> The purpose of i-GATE is to create jobs in the technology sector thus generating a <br /> positive economic impact across the i-GATE region. Pleasanton has a strong <br /> technology industry sector; in fact, of the more than 750 technology companies <br /> identified in the Tri-Valley area (in the July 2010 Innovation Potential in the 74-Valley <br /> report) more than half of those are located in Pleasanton. Thus, engaging in regional <br /> initiatives that support the existing network of firms and attract new technology <br /> companies is an excellent complement to the City's ongoing efforts to maintain a robust <br /> business environment. <br /> From i-GATE's inception, it was anticipated that when the i-GATE model was well- <br /> developed, a sustainable organizational and funding structure would be identified and <br /> presented to the participating partners. Based on the foundational work of the past two <br /> years, the structure now being implemented includes continued municipal participation <br /> while also bringing in private sector funding. Of a total $480,000 budget, one-third will <br /> come from municipal partners and two-thirds will come from corporate contributions. <br /> Page 2 of 4 <br />
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