*UPDATE: Alliance for SoCal Innovation Develops Strategy Moving Forward
The Alliance for SoCal Innovation has developed a three-pronged strategy going forward. The alliance is one of the efforts to unify OC’s startup/innovation ecosystem with the greater SoCal region. See related story here.
The strategy involves:
– inventorying the SoCal innovation landscape in more detail
– identifying top startups in various “nodes” and matching them with relevant VC sources locally and outside the region
– convening SoCal’s leadership to create a “powerful” network
The alliance conducted more than 60 stakeholder interviews (many of them in-person), with leading entrepreneurs, VC’s, angels investors, nonprofit leaders, corporate innovation executives and university/research administrators.
With context set by Boston Consulting Group’s strategic consulting work, along with the interviews, the alliance is now working on developing a network of “nodes.” The alliance is hoping to engage the Milken Institute as a partner on this effort.
Alliance Executive Director Andy Wilson told OC Startups Now that he hopes to provide some early impact numbers in late 2020.
Read more about the alliance’s strategy in Wilson’s blog post here.
The Alliance is a similar effort to unify the SoCal innovation ecosystem with what OCTANe, a lifesciences and tech accelerator in Aliso Viejo, is already doing — by working together with the Los Angeles Venture Association and the San Diego Venture Group – through an endeavor called InSoCal. See related story here. Startups associated with this network raised close to $700 million in capital last year.