It’s an exciting time in California. Things are changing, and fast. According to Federal data released earlier this month, California is now the fifth largest economy in the world surpassing the United Kingdom. And growth opportunities around technology are reaching far beyond the Bay Area and Silicon Valley. SoCal mints more PHDs in tech fields than anywhere else in the US; Caltech produces the most patents and UCLA the most spin-outs. From entertainment and media, to science, the opportunity for innovation is significant, and it’s happening here in Southern California.
A year ago, when we formed The Alliance for Southern California Innovation (the “Alliance”), we saw the writing on the wall. The Southern California region, with its extensive wealth of engineering talent, world-class universities, diverse population and growing number of entrepreneurial “nodes of excellence”, was and now more than ever is well positioned to become the world’s next great hub for technology and life science startups. Our vision is to bring together top research institutions, local business leaders and world-class advisors to focus on nurturing and accelerating the growth of the Southern California innovation ecosystem, and as we prepare for our inaugural events to bring all the stakeholders together in Northern California and Los Angeles, we are well on our way.