INDUSTRY LEADERS BACK LAUNCH OF CENTER THAT CATALYZES EMERGING
TECHNOLOGIES FOR SMART CITIES
Prospect Silicon Valley Partners with City of San Jose to Launch First Silicon Valley-based
Commercialization Center
SAN JOSE, CA —(May 29, 2014) — Prospect Silicon Valley (ProspectSV), the launchpad for the next generation of technology in urban systems, today announced its inaugural round of founding sponsors for its demonstration center. These leading companies include Applied
Materials Foundation, BMW, Bright Green San Jose, Cisco Systems, Continental, DENSO,
Siemens, Toyota and Wells Fargo. Together, they are committed to collaboratively supporting
ProspectSV in its mission to help commercialize the most innovative new technologies that will transform urban centers into smart, clean and connected cities. In addition, Arup, Cooley,
Faurecia and Transportation Technology Ventures have pledged additional support for
ProspectSV.
“There is a clear shift towards life in urban centers, with 51% of the world population living in these resource-intensive areas, and limited space to build new infrastructure. Applying new technology architectures and solutions is critical to help solve the increasing demand for multimodal mobility that will drive growth in this n ew generation of smarter cities,” said Barry Einsig,
Global Transportation Executive, IoTBU Vertical Solutions, Cisco Systems Inc.
“Joining ProspectSV supports our existing strategy to help build the future by ensuring that the most promising new solutions are coupled with the right tools and resources to truly enable scalable change.” said Ashok Moghe, Principal Engineer, ENG Labs, Cisco Systems Inc.
ProspectSV is launching its Commercialization Center at the City of San Jose’s new
Environmental Innovation Center. As a partner to the 10 th largest U.S. city, ProspectSV is the first “innovation coordinator” to Silicon Valley, the nation’s most fertile ground for high-tech developments. Through this facility, ProspectSV and its partners provide a full set of the resources emerging companies need to demonstrate, commercialize, and integrate new technology into today’s infrastructure.
“Silicon Valley is where change begins – here it is possible to envision a new way of life. With our new, Environmental Innovation Center, that houses services for residents and clean tech entrepreneurs, we are working toward a healthy environment and economy in our region,” said
Kim Walesh, Director of Economic Development and Chief Strategist, City of San Jose. “We have seen too many promising companies struggle because of the lack of resources needed to adequately commercialize their technology. Prospect Silicon Valley brings critical resources to this under-served community. As a city committed to sustainability, we are excited to be a founding partner in this mission to further technology for sophisticated traffic systems, improved building efficiency, and smart city infrastructure.”
1608 Las Plumas  San Jose, CA  95133 www.prospectsv.org

Prospect SV is a non-profit organization at the intersection of innovation ecosystems, civic leadership, and industry leaders. The organization enables unprecedented access to expert advisory services, large-scale demonstrations, and commercialization facilities. Now, emerging technology companies on their path to market can connect with resources and industry leaders focused on smart, clean, connected cities to prove the commercial viability of their solutions.
ProspectSV serves as a critical resource for accelerators, investors and corporations seeking to prove, viable, innovative technologies that together will comprise the backbone of the next generation of cities globally.
“ProspectSV was founded on the principal that we have an opportunity to shape our global future through the way we shape today’s cities. The next generation of urban systems will be smarter, cleaner more efficient, and will drive sustainable economic growth,” said Douglas
Davenport, Executive Director, ProspectSV. “We are proud to have the support of global leaders in finance, manufacturing, automotive technology, networking, electronics, and automation. Together, the potential for what we can accomplish is with this new center is limitless.”
About Prospect Silicon Valley
Prospect Silicon Valley (ProspectSV) is the first nonprofit, Silicon Valley-based commercialization catalyst for the next generation of technology in urban systems. With the City of San Jose as lead partner, Prospect Silicon Valley will deliver unprecedented access to city resources, infrastructure, and data for demonstration, validation and commercialization of innovative solutions that create a more efficient and effective public infrastructure. Delivering a full array of services, ProspectSV provides emerging technology companies with access to potential customers, partners, market visibility, and business support services. The $12 million,
22,000 sq. ft. ProspectSV Technology Demonstration Center facilities are tooled to validate and demonstrate the future of innovations leading to smart, clean, connected cities.
For more information, please visit: www.prospectsv.org
PRESS INQUIRIES
Nandita Geerdink
Katalytix
Public Relations
Nandita@katalytix.com
415.269.4493
MEMBERSHIP INQUIRIES
Douglas Davenport
Prospect Silicon Valley
Executive Director doug.davenport@prospectsv.org
415.867.7498
1608 Las Plumas  San Jose, CA  95133 www.prospectsv.org