Bay Area Innovation System
BASIC (Bay Area Science & Innovation Consortium) www.bayareabasic.org • basic@bayareacouncil.org
Bay Area Council Economic Institute
www.bayareaeconomy.org • bacei@bayareacouncil.org
201 California Street, Suite 1450, San Francisco, CA 94111
(415) 981-7117 • Fax (415) 981-6408
The Bay Area Innovation System
How the San Francisco Bay Area
Became the World’s Leading Innovation Hub and What Will Be Necessary to Secure Its Future
A Bay Area Science & Innovation Consortium Report produced by the
Bay Area Council Economic Institute
Principal Author
Sean Randolph
President & CEO
Bay Area Council Economic Institute
Contributing Author
Olaf Groth
CEO
Emergent Frontiers Group LLC
June 2012
Message from the BASIC Chairman
For more than 50 years, the Bay Area has been a leading center for science and innovation and a global marketplace for the exchange of ideas, delivering extraordinary value for California, the nation and the world. Its success has been based on a unique confluence of research institutions, corporations, finance and people, in a culture that is open to the sharing of new ideas and willing to take significant risk to achieve extraordinary reward. The Bay Area innovation system is also highly integrated, with components that closely interact with and depend upon each other.
The Bay Area Science and Innovation Consortium (BASIC), a partnership of the Bay Area’s leading public and private research organizations, has prepared this report to illustrate how the Bay Area’s innovation system works and to identify the issues that may impact its future success. Ensuring that success will require partnership between the public and private sectors, continued investment in the region’s core assets, and attention by state and federal policy makers.
Mark Bregman
Senior Vice President and CTO, Neustar, Inc.
Chairman, BASIC
Acknowledgements
This report was prepared for the Bay Area Science & Innovation Consortium
Bay Area Council Economic Institute
www.bayareaeconomy.org • bacei@bayareacouncil.org
201 California Street, Suite 1450, San Francisco, CA 94111
(415) 981-7117 • Fax (415) 981-6408
The Bay Area Innovation System
How the San Francisco Bay Area
Became the World’s Leading Innovation Hub and What Will Be Necessary to Secure Its Future
A Bay Area Science & Innovation Consortium Report produced by the
Bay Area Council Economic Institute
Principal Author
Sean Randolph
President & CEO
Bay Area Council Economic Institute
Contributing Author
Olaf Groth
CEO
Emergent Frontiers Group LLC
June 2012
Message from the BASIC Chairman
For more than 50 years, the Bay Area has been a leading center for science and innovation and a global marketplace for the exchange of ideas, delivering extraordinary value for California, the nation and the world. Its success has been based on a unique confluence of research institutions, corporations, finance and people, in a culture that is open to the sharing of new ideas and willing to take significant risk to achieve extraordinary reward. The Bay Area innovation system is also highly integrated, with components that closely interact with and depend upon each other.
The Bay Area Science and Innovation Consortium (BASIC), a partnership of the Bay Area’s leading public and private research organizations, has prepared this report to illustrate how the Bay Area’s innovation system works and to identify the issues that may impact its future success. Ensuring that success will require partnership between the public and private sectors, continued investment in the region’s core assets, and attention by state and federal policy makers.
Mark Bregman
Senior Vice President and CTO, Neustar, Inc.
Chairman, BASIC
Acknowledgements
This report was prepared for the Bay Area Science & Innovation Consortium