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HomeMy WebLinkAboutItem 4.17 - 2072 i-GATE Program Support Agreement Page 1 of 2 STAFF REPORT CITY COUNCIL DATE: June 19, 2018 TO: Honorable Mayor and City Councilmembers FROM: Christopher L. Foss, City Manager SUBJECT: i-GATE Agreement for Program Support Prepared by: Hazel L. Wetherford, Assistant to the City Manager EXECUTIVE SUMMARY: The City Council will consider an Agreement for Program Support with i-GATE Development Corporation with the goal of enhancing the region's entrepreneurial environment through programs, events and activities. STAFF RECOMMENDATION: Adopt the Resolution Approving the Agreement for Program Support with i-GATE Development Corporation. FINANCIAL IMPACT: Sufficient funding is available in the Fiscal Year 2018-2019 budget to cover the expenditure. DESCRIPTION: Since i-GATE’s inception in 2010, the Tri-Valley cities of Dublin, Livermore and Pleasanton, and the Town of Danville, along with Lawrence Livermore and Sandia National Laboratories, have been active partners in supporting and advising the development of programs, events and activities toward building the region’s entrepreneurial environment. While each partner organization within the i-GATE governance framework offers a unique set of assets requiring some specialization, all benefit from i -GATE’s efforts to foster startup companies and shape the innovation climate in the Tri-Valley. In exchange for the $25,000 partnership contribution, i-GATE’s support and participation will be as follows: Startup Incubation Operate The Switch and Switch Labs in compliance with all local, st ate and federal laws. Facilitate interaction between incubator companies and city economic Page 2 of 2 development staff. Provide regular updates on key metrics related to startup incubation, such as the number of member companies, capital raised, jobs created, an d others as requested. Events and Programs Design and execute events that are valuable and relevant to local entrepreneurs, with an emphasis on important local industries. Coordinate with economic development staff to identify possible venues for hosting events. Identify speakers and other resources to participate in the events. Conduct financial management of the events. Branding and Community Engagement Routinely collect and share data pertaining to the health of the Tri-Valley tech and startup ecosystem. Work with economic development staff to craft relevant messaging. Operate the Startup Tri-Valley virtual community to facilitate network building. NOTICING REQUIREMENTS/PUBLIC OUTREACH: None. ATTACHMENTS: 1. Resolution Approving the Agreement for Program Support with i-GATE Development Corporation 2. Exhibit A to the Resolution - i-GATE Agreement for Program Support RESOLUTION NO. XX-18 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* APPROVING THE AGREEMENT FOR PROGRAM SUPPORT WITH I-GATE DEVELOPMENT CORPORATION WHEREAS, the City of Dublin has been an active partner of i-GATE Development Corporation since its inception in 2010; and WHEREAS, as an active partner, the City has supported and advised the development of programs, events and activities toward building the region’s entrepreneurial environment; and WHEREAS, the City and i-GATE desire to memorialize the continued partnership through Agreement for Program Support; and WHEREAS, in exchange for the $25,000 partnership contribution, i-GATE will provide support and participation in Startup Incubation, Events and Programs, and Branding and Community Engagement as outlined in the Agreement. NOW THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby approve the Agreement for Program Support with i-GATE Development Corporation, attached hereto as Exhibit A to this Resolution. BE IT FURTHER RESOLVED that the City Manager is hereby authorized to execute the Agreement and make any minor, non-substantive amendments to the Agreement that carry out the intent of this Resolution. PASSED, APPROVED AND ADOPTED this 19th day of June, 2018, by the following vote: AYES: NOES: ABSENT: ABSTAIN: _______________________________ Mayor ATTEST: ______________________________ City Clerk (1i GATE Agreement for Program Support Since i- GATE's inception in 2010, the Tri- Valley Cities of Dublin, Livermore and Pleasanton, and the Town of Danville, along with Lawrence Livermore and Sandia National laboratories, have been active partners in supporting and advising the development of programs and activities toward building the region's entrepreneurial environment. While each partner organization within the i -GATE governance framework offers a unique set of assets requiring some specialization, all benefit from i- GATE's efforts to foster startup companies and shape the innovation climate in the Tri - Valley. This agreement is by and between the City of Dublin (City) and the i -GATE Development Corporation (i -GATE) to define support and participation in i -GATE initiatives as identified herein. 1. Activities. City and i -GATE agree to mutually beneficial participation in the following activities: Startup Incubation i -GATE operates The Switch and Switch Labs, providing physical space and resources to support early -stage startups, entrepreneurs and professionals as they start and build businesses in the Tri - Valley. i -GATE will: Operate The Switch and Switch Labs in compliance with all local, state, and federal laws Facilitate interaction between incubator companies and city economic development staff Provide regular updates on key metrics related to startup incubation, such as the number of member companies, capital raised, jobs created, and others as requested City will: • Promote its partnership with i -GATE and act as a source of referrals for the incubator • Make staff available to help current and graduating companies identify and connect with city resources • Have representative(s) serve on the Board of Directors Events and Programs Events and programs are an effective way to build community and enhance connectivity amongst entrepreneurs. The focus of i- GATE's events and programs is to facilitate shared learning and network building opportunities for local entrepreneurs. i -GATE will: Design and execute events that are valuable and relevant to local entrepreneurs, with an emphasis on important local industries Coordinate with economic development staff to identify possible venues for hosting events Identify speakers and other resources to participate in the events Conduct financial management of the events City will: • Work with i -GATE staff to identity focus areas for individual events programs • Promote and solicit attendance to the events • Identify speakers and other resources to participate in the events Branding and Community Engagement Branding the Tri- Valley as a significant hub of innovation and entrepreneurship is important to attracting talent and companies to the region. i -GATE is uniquely positioned to play a leading role in establishing this brand through data driven narratives and success stories. i -GATE wi I I: Routinely collect and share data pertaining to the health of the Tri - Valley tech and startup ecosystem Work with economic development staff to craft relevant messaging Operate the Startup Tri - Valley virtual community to facilitate network building City will: • Help distribute branding and marketing pieces developed by i -GATE • Collaborate with i -GATE leadership to identify relevant themes for branding • Promote the Startup Tri - Valley virtual community as a resource for aspiring entrepreneurs and tech professionals in the region 2. Term. The term of this agreement shall be for one (1) year, commencing on July 1, 2018 and will remain in effect until June 30, 2019. This agreement shall be reviewed and negotiated annually. 3. Fundin . i -GATE will request funding from the City via invoice for a fiscal year total of $25,000. The parties hereto have executed this agreement on the 1 ST day of July, 2018. CITY OF DUBLIN By: Christopher L. Foss, City Manager i -GATE Development Corporation By: Brandon Cardwell, Executive Director