The Tri-Valley region of California is rich in assets critical for creating an innovation hub, according to a research report released today at the second annual Innovation Forum put on by the Livermore Chamber of Commerce.
The report (available at http://www.innovationtrivalley.com/
Key findings of the report include:
- Tri-Valley has a significant presence of large corporations. Eleven of the East Bay’s top 50 companies, such as Chevron, Safeway, Ross Stores, and Sybase, are headquartered in Tri-Valley. Three of them, including the world’s 11th largest corporation Chevron, are among the Top 20 in the Bay Area.
- Research institutes play a pivotal role in innovation economies. Tri-Valley has easy access to world-class research universities such as UC-Berkeley, UC-San Francisco, and Stanford, and can tap two national laboratories - Lawrence Livermore National Laboratory and Sandia National Laboratories.
- Tri-Valley is fast becoming a high-tech haven, with 765 technology companies operating in the region.
- Two industry clusters dominate the tech sector in Tri-Valley-software and cleantech. Biotech and communications have a respectable presence.
- The region possesses a healthy share of Gazelle (fast-growing)
- Tri-Valley residents are more highly educated than the national average. Pleasanton and Danville are particularly impressive, with over 50 percent of residents holding a higher education degree.
- The region is served by four award-winning public school districts, two of which are comparable to those of Palo Alto. Tri-Valley schools exceed the average state scores on the Growth Academic Performance Index; California’s metric for measuring school performance.
- The region has a high quality of life with its Mediterranean climate, 40-plus wineries dotting the picturesque valley, and has a thriving art scene that grows bigger and more diverse each year.
"With all the right innovation ingredients at hand, there is a tremendous need to further nurture and interconnect these assets to foster a cluster of innovation,"
Sybase, along with other major stakeholders such as the Livermore Chamber of Commerce, Chevron, Adept Technologies, Lawrence Livermore National Laboratory, Sandia National Laboratory and Las Positas College, unveiled the Innovation Tri-Valley initiative at the Second Annual Tri-Valley Innovation Forum hosted by the Livermore Chamber of Commerce today. A first-phase innovation plan aims to take an ecosystem approach with a three-pronged focus of business, cultural and public-private innovation.
"The Tri-Valley offers a unique blend of highly-educated and skilled people, technology and culture, enabling us to attract and retain the talent necessary to scale our business in intelligent robotic solutions and remain competitive globally," said John Dulchinos, President and CEO of Adept Technology. "Concerted, comprehensive efforts to help businesses set root and scale will in turn spur job growth and economic vitality of the region."
For more information, visit http://www.innovationtrivalley.org or contact the Livermore Chamber of Commerce (http://www.livermorechamber.org) at 925-447-1606.
