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INNOVATE PASADENA Begins!

INNOVATE PASADENA Begins!

 INTRODUCING INNOVATE PASADENA 

 Education, Business, Tech Leaders, Entrepreneurs, Investors and Accelerators Merge Strengths to Promote Pasadena as a Leading Center of Innovation for Technology & Design 

 PASADENA, Calif. — Announcing INNOVATE PASADENA www.innovatepasadena.org, a concerted effort to advance greater Pasadena as a leading center of innovation for technology and design through true collaboration.   INNOVATE PASADENA (IP) aims to promote local collaboration across business and education in order to attract and retain companies, entrepreneurs, innovators and investment capital.  

 What began as an informal idea eight months ago with tech and business leaders talking about what the private sector could do to bolster the local economy, is now a formalized working group led by an executive board of directors.  The board is made up of local leaders from Art Center College of Design, Caltech, City of Pasadena, The Design Accelerator, Idealab, Materia, Pasadena Angels, Rexter, and other companies and co-chaired by IP founders Andy Wilson and Mike Giardello.  The group will promote local opportunities, share resources and foster connections between local institutions, businesses and investors.  Those interested should visit innovatepasadena.org to get involved.  

“As a serial tech entrepreneur and resident to Pasadena, I couldn’t be more excited to help breathe new economic life into our city that has a rich tech and design legacy,” said Andy Wilson, CEO of Rexter and Co-Chair of IP.  “I know Pasadena has the infrastructure to become the leading innovation community, we created INNOVATE PASADENA to get organized and activated.”  

“As a Caltech spin-off, Materia has made Pasadena its home and has benefitted from its ongoing relationship with Caltech and local support from the city of Pasadena,” said Mike Giardello, CEO of Materia and Co-Chair of IP.  “INNOVATE PASADENA will provide the additional structure and support needed to accelerate innovation within and between the world-class institutions in our own backyard.  We want the world to know Pasadena is the place for innovation across a number of commercially important sectors, from IT to design and from material science to life science.”  

IP, along with lead sponsors City of Pasadena, Guidance Software, Materia and Pasadena Angels, will host an invite-only event on June 27 to bring the community together and celebrate innovation in Pasadena.   

THE FACTS ABOUT PASADENA 

IP and Estolano LeSar Perez Advisors compiled the following findings that point out strengths of the greater Pasadena area.  For a complete fact sheet about Pasadena and its institutions, visit www.innovatepasadena.org/press 

  

  • Pasadena attracts $1.9 billion in federal R&D funds annually.[1] That’s over $14,000 per capita[2], more than any other innovation community[3] in the U.S. 
  • Pasadena sits in the heart of a region that files the most patents in the U.S., outside of Silicon Valley.[4] 
  • Nearly 1 in 6 jobs in Pasadena are in professional or creative fields, beating out Seattle, San Jose, Austin, and Portland;[5]  

With access to more arts establishments per capita than anywhere else in the nation[6] and one of the highest concentrations in the world of Nobel Laureates [7] (thanks to Caltech’s faculty and alumni), Pasadena offers more than a vibrant ecosystem for businesses, it is also the best place to raise future Nobel laureates.  From arts establishments and attractions such as the Huntington Library Botanical Gardens, the Norton Simon Museum, The Rose Parade and Rose Bowl Stadium, Pasadena boasts an environment that nurtures brains and talent that change the world.   

About INNOVATE PASADENA 

INNOVATE PASADENA is a new organization committed to advancing greater Pasadena as a center of technology and design innovation by promoting collaboration across business and education to attract companies, entrepreneurs, innovators and capital to the broader community. For more information, visit innovatepasadena.org. 

[1] Average of $1.947 million for FY2001 – FY2013: from U.S. Office of Management and Budget (2013). 

[2] U.S. Office of Management and Budget (2013). “Prime Award Spending Data.” Washington, D.C. Retrieved from: <http://www.usaspending.gov/search?form_fields={%22psc_cat%22%3A[%22A%22]}> 

[3] The national “innovation communities” that were considered for comparison purposes include the following cities: Austin, Boulder, Cambridge, Los Angeles, Portland, San Jose, Seattle, and Washington, D.C.  

[4] U.S. Patent and Trademark Office (2013). “Count of 2000-2011 Utility Patent Grants as Distributed by Calendar Year of Grant.” Retrieved from: <http://www.uspto.gov/web/offices/ac/ido/oeip/taf/countyall/usa_county_gd.htm> 

[5] U.S. Census Bureau (2010). “Work Area Profile Analysis.” Retrieved from: <http://onthemap.ces.census.gov/> 

[6] Urban Institute (2010) Arts and Culture Indicators Project Data: 2006-2008. Washington, D.C. Retrieved from: <http://metrotrends.org/data.cfm> 

[7] California Institute of Technology (n.d.) “Nobel Laureates – California Institute of Technology.” Pasadena, CA. Retrieved from: <http://nobel.Caltech.edu/> 

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IP Logo Large 4 web 

INNOVATE PASADENA: FACT SHEET  

  

INNOVATE PASADENA  www.innovatepasadena.org is a concerted effort to advance greater Pasadena as a leading center of innovation for technology and design through true collaboration.   INNOVATE PASADENA aims to promote local collaboration across business and education in order to attract and retain companies, entrepreneurs, innovators and investment capital to operate and develop in Pasadena.  The group will promote local opportunities, share resources and foster connections between local institutions, businesses and investors. Visit innovatepasadena.org to get involved.  

  

THE FACTS ABOUT PASADENA 

INNOVATE PASADENA and Estolano LeSar Perez Advisors compiled the following findings that point out strengths of the greater Pasadena area.   “Innovation communities” referenced in the findings include the following cities: Austin, Boulder, Cambridge, Los Angeles, Portland, San Jose, Seattle, and Washington, D.C. 

  

  • Pasadena attracts $1.9 billion in federal R&D funds annually.[1] That’s over $14,000 per capita[2], more than any other innovation community[3] in the U.S. 

  

  • Pasadena sits in the heart of a region that files the most patents in the U.S., outside of Silicon Valley.[4] 

  

  • Nearly 1 in 6 jobs in Pasadena are in professional or creative fields, beating out Seattle, San Jose, Austin, and Portland;[5] Nearly half the region’s population has a bachelor’s degree or higher[6], over 1.5 times the national average.[7] 

  

  • Pasadena’s Caltech has 31 Nobel Laureates[8], among its faculty and alumni, one of the highest concentrations in the world.[9] 

  

  • Pasadena has access to more arts establishments per capita than anywhere else in the nation[10] and is among the top three innovation communities in park space per capita.[11] 

Pasadena’s Institutional Heavyweights   

  

  • Caltech, the “World’s Top University” according to Times Higher Education global ranking[12] is based in Pasadena and has equity in more than 80 companies that rely on technology developed in Pasadena.[13] 

  

  • Art Center College of Design, has been ranked No. 1 for its Industrial Design programs—encompassing the fields of Product Design, Environmental Design and Transportation Design—by DesignIntelligence since 2006, and has produced the world’s leading automotive designers for the last 60 years.[14]  

  

  • The Jet Propulsion Laboratory—a division of Caltech, and the leading U.S. center for robotic space exploration—is managing 32 active space missions, including the Mars Science Laboratory, which are shedding new light on the origins of our solar system and increasing our understanding of distant planetary environments and of Earth and its atmosphere as well. 

  

  • Pasadena-based technology incubator Idealab has churned out more than 125 companies with 40 successful IPOs and acquisitions, including Picasa, CitySearch, NetZero and the .TV domain. Idealab companies have collectively closed more than 300 rounds of financing totaling more than $3.5B.[15] 

  

  • Greater Pasadena[16] leads the nation’s innovation communities in high school graduation rates.[17] 


[1] Average of $1.947 million for FY2001 – FY2013: from U.S. Office of Management and Budget (2013). 

[2] U.S. Office of Management and Budget (2013). “Prime Award Spending Data.” Washington, D.C. Retrieved from: <http://www.usaspending.gov/search?form_fields={%22psc_cat%22%3A[%22A%22]}> 

[3] The national “innovation communities” that were considered for comparison purposes include the following cities: Austin, Boulder, Cambridge, Los Angeles, Portland, San Jose, Seattle, and Washington, D.C.  

[4] U.S. Patent and Trademark Office (2013). “Count of 2000-2011 Utility Patent Grants as Distributed by Calendar Year of Grant.” Retrieved from: <http://www.uspto.gov/web/offices/ac/ido/oeip/taf/countyall/usa_county_gd.htm> 

[5] U.S. Census Bureau (2010). “Work Area Profile Analysis.” Retrieved from: <http://onthemap.ces.census.gov/> 

[6] Geographic Research Inc. (2013). “SimplyMap.” Retrieved from: <SimplyMap.com> 

[7] U.S. Census Bureau (2012). “Bachelor’s Degree Attainment Tops 30 Percent for the First Time, Census Bureau Reports.” Retrieved from: <http://www.census.gov/newsroom/releases/archives/education/cb12-33.html> 

[8] California Institute of Technology (n.d.) “Nobel Laureates – California Institute of Technology.” Pasadena, CA. Retrieved from: <http://nobel.Caltech.edu/> 

[9] Nobel Media (2013). “Nobel Laureates and Research Affiliations.” Nobelprize.org. Retrieved from: <http://www.nobelprize.org/nobel_prizes/lists/universities.html> 

[10] Urban Institute (2010) Arts and Culture Indicators Project Data: 2006-2008. Washington, D.C. Retrieved from: <http://metrotrends.org/data.cfm> 

[11] The Trust for Public Land (2012). 2012 City Park Facts. San Francisco, CA: 8 

[12] Svitil, K. (2012). “Caltech Again Named World’s Top University in Times Higher Education Global Ranking. California Institute of Technology. Pasadena, CA. Retrieved from: <http://www.Caltech.edu/content/Caltech-again-named-worlds-top-university-times-higher-education-global-ranking-0> 

[13] California Institute of Technology (2013). “Past/Current Startups.” Office of Technology Transfer. Retrieved from: <http://ott.Caltech.edu/startups/?Page=105&Letter=H> 

[14] Cramer, J.P. (2013). “Big Shifts in Design School Rankings for 2013.” Design Intelligence. Retrieved from: <http://www.di.net/articles/big-shifts-in-design-school-rankings-for-2013/> 

[15] Idealab (2013). “Our Companies.” Pasadena, CA. Retrieved from: <http://www.idealab.com/our_companies/> 

[16] “Greater Pasadena” includes the following cities: Pasadena, Arcadia, Bradbury, Duarte, La Canada Flintridge, Monrovia, San Marino, Sierra Madre, and South Pasadena 

[17] California Department of Education (2010). “DataQuest.” Sacramento, CA. Retrieved from: <http://dq.cde.ca.gov/dataquest/> 

 

Posted: 6/27/2013 03:00:00 PM