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intent of the tour is to showcase to i-GATE startups the best qualities of each individual partner city, as well as to demonstrate the assets of the region as a whole. i-GATE Virtual Innovation Network i-GATE has identified the need to shift its focus to a more network driven approach that adds value to partner startups from across the region without requiring residency in i- GATE's facility. This Virtual Innovation Network will be comprised of mentors, investors, research institutions, service providers, and facilities that can accelerate the development of early stage technology companies. Creating this network of resources which are critical for early stage tech startups will enable i-GATE to serve a large number companies by acting as an intermediary and connector. By establishing this network as virtual, startups from our partner cities will not need to leave their home cities in order to benefit from a partnership with i-GATE. i-GATE Venture Advisory Board i-GATE will establish the i-GATE Venture Advisory Board to be made up of successful individuals with backgrounds in entrepreneurship, technology, and investment as well as those with expertise and connections in industry sectors that are relevant to the region. This group will assist i-GATE staff in recruiting and serving a new set of startup companies. Specialized Pleasanton Activities As each city within the i-GATE framework offers a unique set of assets requiring some specialization, i-GATE and the City of Pleasanton agree to additional activities: • 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 Financial Transparency i-GATE will engage the services of qualified outside practitioners to ensure that i- GATE's accounting and financial record-keeping procedures meet a high standard as evidenced by a satisfactory review and comply with the mission of the organization. Miscellaneous Provisions • City shall have a seat on the i-GATE governing board which gives the City a voting position in setting direction for i-GATE. • i-GATE is an independent entity and all personnel employed by i-GATE, including subcontractors, and personnel of subcontractors, are not and shall not be employees of the City. • City may terminate this MOU at any time by mailing a notice to i-GATE. • i-GATE shall not assign or transfer this MOU.