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As i-GATE looks toward growing its current programs and developing new initiatives that support the innovation climate in the Tri-Valley, it is seeking the continued support of its current Municipal Partner cities to be formalized through a Memorandum of Understanding (Attachment 1). The content of the MOU is designed to address these aforementioned conclusions by outlining several vehicles of interaction to better create connection and access between the cities and the resident startups, while maintaining the Municipal Partner's role in the governance of the organization. Among those interactions are work space for city staff, as designated by the City Manager, to conduct 'office hours' at the i-GATE facility, demonstration sessions, and startup tours that showcase space within the partner city. Additionally, i-GATE acknowledges that each city within the i-GATE framework offers a unique set of assets requiring some specialization. To address this, the MOU outlines additional activities that are specific to Pleasanton and that are aligned with the strategies and objectives toward building and branding Pleasanton as an innovation center in the recent City Council-adopted Economic Development Strategic Plan. These are: • Foster connections between entrepreneurs and investors • Support for activities/events that cultivate Pleasanton's strong technology industry clusters (medical device manufacturing, bio-medical research, information technology, and computer engineering) • Assist in City efforts to attract and retain the workforce required for jobs in technology industry sectors • Promote Pleasanton-related innovation 'success stories' through i-GATE channels • Participate as members on the Venture Advisory Board It is staffs perspective that the City Council's initiatives would benefit from continued participation in i-GATE during 2014. Fiscal Review: Submitted Joy: l Emily Wagner Nelson Fialho Director of Finance City Manager Attachment: 1. Memorandum of Understanding Page 3 of 3