1. WEDA June 13, 2012

2. OUR HISTORY  Innovation Ecosystem Taskforce  Clean Energy Leadership Council – Platform for Leverage – Statewide innovation-focused strategy – Sector-based public-private partnerships

3. OUR MISSION Make Washington the best place to develop innovative ideas and launch innovative companies.

4. THE STATUTE RCW 43.333  Primary Agency Focused on Growing Innovation-Based Sectors of the State Research to Competitive Industries Sustainable Job Creation Leverage State’s Investment

5. OUR PARTNERSHIPS We amplify the strengths of both public and private organizations.

6. INNOVATION ECOSYSTEM From: The Rainforest – Victor W. Hwang, Greg Horowitt, Feb., 2012

7. WHERE WE ARE

8. WHAT WE DO  Sector-based approach  Support entrepreneurs across the state  Link growing private sector clusters to resources for leverage  Whole greater than sum of parts

9. CLEAN ENERGY  Smart and Efficient Buildings  Integration of Renewables  Bioenergy  Policy and Regulation

10. ACCOMPLISHMEN TS AWARDED: EDA i6 Green Challenge Grant $12.25 million project - 2 years

11. PUBLIC-PRIVATE- PARTNERSHIP Advanced Energy Innovation and Business Growth More Secure, Cleaner, Affordable Energy Future

12. ACCOMPLISHMEN TS  Immediate Actions  Merger and transformation  Structure & Advisors  Boards & Oversight  Funding  $7.0 million additional investment over two years.  Other  $1.0 million grant to University of Washington  Building the team

13. NEXT STEPS Core Indicators Benchmarked Economic Impact Jobs Created Wages Paid Investments Attracted Revenues Earned

14. Other Next Steps  Sustainable Aviation Biofuels Working Group  Joint Center for Aerospace Technology and Innovation

15. THE MODEL

16. THE GOAL Make Washington the best place to develop innovative ideas and launch innovative companies.

18. METRICS Aggregate Results for previous 10 Years: – 450 companies served statewide – $850 million follow-on investment – 7200 direct jobs est. created or retained – 19.3 to 1 leverage on State’s investment – $2.30 est. direct return to State revenues for every $1.00 invested.