Lab signs pact with Asian Inc. to develop minority-owned businesses

May 2, 2016
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Michael Chan (left), the president of ASIAN Inc., the non-profit organization that operates the Minority Business Development Agency’s San Francisco Center, and Rich Rankin, the director of LLNL’s Industrial Partnerships Office, shake hands after signing an agreement to help develop minority-owned businesses. Photo by Julie Russell/LLNL (Download Image)

Lab signs pact with Asian Inc. to develop minority-owned businesses

Stephen Wampler, wampler1@llnl.gov, 925-423-3107

Lawrence Livermore National Laboratory (LLNL) has signed a continuing Strategic Collaboration Agreement with ASIAN, Inc., the non-profit organization that operates the Minority Business Development Agency’s (MBDA) San Francisco Center.

The agreement enables both parties to tap into resources to help develop minority-owned businesses. The San Francisco MBDA Business Center (SFMBDA) is one of 44 such centers across the country operated on behalf of MBDA, an agency within the U.S. Department of Commerce.

The agreement signed with Lawrence Livermore enables business transactions to occur between the Lab and the center. It is the second such agreement between the two organizations, following on the initial one signed in 2014.

MBDA’s mission is to promote the growth and competitiveness of minority-owned businesses by providing access to capital, contracts and market opportunities in the U.S. and abroad. For more than 45 years, ASIAN, Inc., which also operates MBDA Business Centers in San Jose and Fresno, has worked to assist minority-owned businesses in Northern California and beyond.

During last Monday’s signing ceremony, Michael Chan, president of ASIAN, Inc., called the agreement “another milestone in our decades-long effort to nurture productive public-private partnerships.

“This agreement memorializes our common goal of increasing minority entrepreneurship within our innovation economy here in California and throughout the United States,” Chan said. “Federal laboratory research and development is vital to our remaining a cutting-edge and competitive economy.”

Rich Rankin, director of LLNL’s Industrial Partnerships Office, said the partnership allows LLNL to tap into SFMBDA’s network of minority-owned businesses and entrepreneurs who could be interested in commercializing Lab technology.

“I think the long-term vision would be one of close collaboration between the two organizations and to provide our scientists and engineers with the opportunity to work with minority entrepreneurs,” Rankin said. Among LLNL’s core top technologies are life sciences, medical instruments, energy, radiation detectors, information technology, lasers and optics, materials and advanced manufacturing, Rankin said, noting that LLNL normally files about 150 invention disclosures per year and normally has about 1,500 patents in force.

According to U.S. Census data, there are more than 65,000 minority technology companies employing more than 500,000 people in the U.S. and abroad, said Lamar Heystek, SFMBDA director, in comments after the meeting.

“These firms have the potential to bring scientific discoveries to the marketplace by utilizing federal R&D at labs such as Lawrence Livermore,” Heystek added. “Leveraging the diversity of our know-how is key to our country’s continued global competitiveness.”

 

 

Stephen Wampler
925-423-3107