8a. Maritime Blue Agreement Presentation
Item No. 8a Date of Meeting August 13, 2019 Maritime Blue/Port of Seattle Partnership Advancing Washington State's Maritime Industry Advancing Maritime Innovation Seeking authorization for to execute contract with Maritime Blue to advance maritime economic development initiatives Seeking competitive waiver for $200,000 oneyear contract 2 Maritime Innovation Initiative Progress Develop virtual accelerator "The challenging times in all port related Develop MOU with WA State markets, like logistics, oil and gas, and maritime, require that we have a window on Commission authorization new technologies. for Ship Supply building [The] PortXL [Maritime Accelerator] helped design work us identify these trends, bringing new Form advisory group business models to our markets and challenging conventional businesses." Update Business Plan Paul Smits CFO, Port of Rotterdam Substantial progress since January 3 Advancing Maritime Blue Partnership Agreement will support: 1. Developing and piloting a maritime accelerator program that will nurture promising maritime companies and entrepreneurs; 2. Developing financing networks and programs for small and emerging maritime companies; 3. Advance development of the Port's maritime innovation center Provide administrative support for the maritime innovation center advisory committee 4. Supporting forums, projects and strategies to reduce maritime greenhouse gas emissions; and 5. Advancing and advocating for maritime workforce development 4 "Virtual Accelerator" Maritime Blue would select a contractor to develop and pilot the accelerator program: Market program extensively Create candidate selection process, entrepreneurial education and coaching process, and related Capstone event at end of program Operate the pilot accelerator including New York Maritime Innovation Center Hackathon provision of space (virtual accelerator) Provide evaluative report at end of initiative including lessons learned and suggested refinements for the future 5 The region's first Maritime Accelerator Virtual Accelerator program based on visits with local accelerators and international maritime accelerators Retain firm that can develop and implement pilot accelerator Recruit 8-10 promising maritime ventures with growth potential Companies would go through 3-month intensive coaching process Companies would be paired with appropriate mentors Companies would pitch to investors/stakeholders at Capstone event Port XL - Rotterdam theDock -- Isreal Katapult Ocean -- Oslo 6 Benefits to Incubator/Accelerator Companies Reduced barriers to entry Networking and mentoring Increased visibility and stature Exposure to investors and funders Increased company valuation SURF Incubator in Seattle helps early stage high-tech companies Supporting Maritime Start-ups and Scale-ups 7 Improve Access to Capital for Maritime Companies Maritime Blue will support maritime innovation by improving access to capital for early stage maritime companies: Maritime Blue (MB) is already completing a comprehensive analysis of funding "At VC funds and accelerators, environment for maritime industry maritime industry isn't that big. [The solution is] to map who's MB wants to use study to drive doing what and create a hierarchy development of maritime venture fund of needs and prioritize techs where and increase deal flow there are multiple uses and needs" Maritime robotics researcher It will also use maritime accelerator to showcase maritime investment opportunities 8 Initial Findings: Maritime Finance Landscape Analysis Very few equity providers are focused on maritime they are either not knowledgeable or interested because of government regulations and concerns about scaling and exit potential In the U.S., the maritime enterprises that are successful in raising equity investments are typically those with broader tech applications, as there is a robust tech investment ecosystem that investors understand. Local maritime investment possibilities appear to be non-core maritime industry segments (which tend to be more technology-focused) and some aspects of water transportation and shipping; There is a particular need for early-stage capital, especially in core maritime Government initiatives can help catalyze small business development Foundations and grant capital can play a critical role in de-risking investment Building strategic "capital stacks" important Importance of technical assistance alongside capital 9 Reducing Maritime Greenhouse Gas Emissions Maritime Blue will work collaboratively with the Port and other stakeholders to reduce greenhouse gas emissions: NW Ports Clean Air Strategy Update Seattle Harbor electrification planning Industry engagement and Demonstration Project management Digital solutions for efficiency Technology standardization Infrastructure improvements 10 Maritime Workforce Development Maritime Blue will partner with the Port, workforce development agencies and other stakeholders to address challenges and opportunities facing the maritime industry: Support the growth and sustainability of the Youth Maritime Collaborative for an inclusive and diverse pipeline aligned with CCW. Convene forums with maritime employers to identify current and future workforce demands Help develop specific training programs and initiatives 11 Appendix 12 Maritime Innovation Center Advisory Committee Joshua Berger, WA Dept. of Commerce Ed Paulsen, Bering Sea Crabber Andy Stewart, UW Applied Physics Lab John Lockwood, Systems Integrated Stephanie Harrington, UW College of Brock Mansfield, Salmon Fund Fisheries/Environment Elizabeth Scallon, WeWorks Innovation Lab Amy Sahlin, UW Burke School of Lara Petursdottir, Pacific NW Ocean Cluster Entrepreneurship Rocque Deherara, City of Seattle Mike White, Pacific NW Laboratories (PNNL) Kristian Alcaide, Pingle Angela Becker-Dippmann, PNNL Jennifer States, DNVGL Christian Meinig, NOAA Fred Felleman, Port of Seattle Commissioner Cosmo King, I/O Currents Sandy Kilroy, Port of Seattle Berit Eriksson, Sailor's Union David McFadden, Port of Seattle Larry Brown, WA State Labor Council Kenny Lyles, Port of Seattle Will Ayers, Elliot Bay Design Group 13 Maritime Blue Strategy: Pathways and Initiatives 14 What Does a Cluster Organization do? General cluster development Innovation collaboration Knowledge collaboration Networking activities Set research priorities R&D and education initiatives Facilitate collaboration Facilitate funding / financing Build international relationships Strengthen the knowledge base Accelerate tech development Direct Advisory services' Improve practices and efficiency Joint industry projects Attract investors and talent ' Communications and marketing Drive commercialization Connect to education and training Advocacy and awareness 15
Limitations of Translatable Documents
PDF files are created with text and images are placed at an exact position on a page of a fixed size.
Web pages are fluid in nature, and the exact positioning of PDF text creates presentation problems.
PDFs that are full page graphics, or scanned pages are generally unable to be made accessible, In these cases, viewing whatever plain text could be extracted is the only alternative.