04-17-2018 Board Meeting Notes

i-GATE Development Corporation Board Meeting for Fiscal Year: 2017 (July 1, 2017-June 30, 2018) Tuesday, April 17, 2018 12:00-1:30pm Meeting Called to Order by Chairman Buck Koonce at 12:10pm In attendance: 1. Stephanie Beasly representing Sandia 2. Mayor Jerry Thorne representing Pleasanton 3. Buck Koonce (Board Chair) representing LLNL 4. Mayor John Marchand representing Livermore 5. Mayor David Haubert (Secretary) Representing Dublin 6. Vice Mayor Newell Arnerich representing Danville (arrived at 12:58pm) Not in attendance: Sblend Sblendorio (Board Counsel) Citizens Forum None Minutes/Financials: Motion to accept March 14, 2016 Meeting Minutes: Buck Koonce 2nd: Mayor David Haubert Vote: Unanimous Motion to accept i-GATE Development Corporation Financials: _________ 2nd: __________ Vote: Unanimous Matters for Consideration: - Our draft FY 2016-2017 tax return - FY 2016-2017 financial statements - FY 2017-2018 YTD financials - A staff memo describing our new program supporting biotech startups - A staff memo describing a potential model for taking equity in member companies Annual election of officers Mayor John Marchand nominated Stephanie Beasly for Board Chair 2nd: Buck Koonce Vote: Unanimous Mayor Jerry Thorne nominated Mayor John Marchand for Secretary 2nd: Mayor David Haubert Vote: Unanimous Was there a motion about Brandon Cardwell remaining as Treasurer?

Vote: Unanimous Executive Director’s report

NOTES Matters of consideration: Goals: making the space closer to cash flow positive Catalyze new business growth, be sustainable Haubert suggested brainstorming, corporate partnerships, open campus Recruiting, Leveraging talent.

Koonce: spoke of brainstorming with Rankin Eight Action Items Haubert: Satellite Switch B: interest in closed-door office space The Tri-Valley will be recognized as a world-class place to start and grow a business.

Haubert: noted about renovating downtown vs. more affordable housing Brandon: Switch/NextTech/STV Thorne: gathering BioTech CEOs…how can they work together with i-GATE? Koonce: Talent & connections to labs Buck: High School Business club to update? Bright Source? LasPo Brandon: TVTechConnect (i-GATE Priority for growth: Content & Events) Buck: Sutter Health SwitchLabs: focus on being essential.

Lab wish list?

Touched on 2018 Goals SwitchLabs “an accelerator for impact technologies” Prob/Opp Challenges to building hard tech companies, we can lower the barriers

Stephanie: facilitating or buying down risk?

Haubert: on the right track, get validation Stephanie: make sure we’re being true to our mission Buck: clarifying regarding use of our space, incentivizing Haubert: is anyone else doing this? (switchlabs) Arnerich: this is the only way to do it, govt shouldn’t/can’t Koonce: agrees we should not be selecting the companies for SwitchLabs, investor should Hitch: how does our proposal compare to other incubators?

B: ours is more limited, would grow on an as-needed basis EB Biomedical Manufacturing (Gregory Theyl) Flexible Short-Term Lab Space Arnerich: we should meet more often – Quarterly Pick the same day of the month Lunchtime works 1st or 3rd Tuesday at lunch Haubert: Engagement with Economic Dev. Staff (not CMs?) Have them at quarterly board meetings