Community Leader’s View: Nearsourcing — Look Near First!
By Steve Hoey
Associate Director, Business Creation and Development. CONNECTSan Diego is home to more than 5,000 outsourcing companies, including specialists in prototyping, R&D, contract research organizations (CROs), contract manufacturing and more. This creates an opportunity for San Diego’s early-stage and growth companies to access this local talent instead of sourcing out of the area or country. Nearsourcing can mean ease of collaboration, less cost and faster time to market for these companies.
CONNECT’s Nearsourcing Roundtable focuses on matching San Diego companies in need of outsourcing with our region’s local outsourcing cluster, and to engage San Diego’s nearsourcing community. The purpose of the program is to educate our region’s entrepreneurs and emerging businesses on the benefits of contracting with local manufacturers, including reduced time to market, increased innovation and decreased costs; and match San Diego companies in need of outsourcing with San Diego outsourcing companies and ensure that business is not off-shored unless necessary.
The program includes three components:
n Regularly-scheduled educational workshops and conferences that teach our entrepreneurial community about the benefits of nearsourcing;
n An interactive database that contains 5,000 San Diego outsourcing companies and is actively marketed, and
n Nearsourcing Roundtables that introduce leading outsourcing companies to the community by way of an active matchmaking process.
The value for the technology start-up is access to pre-qualified resources at a fraction of the time, effort and at lower cost. For the nearsourcing provider, the program provides access to a growing number of innovation companies with clearly defined projects and the ability to build a pipeline of valuable commercial relationships.
EcoDog, a leader in home energy management solutions and graduate of CONNECT’s Springboard program, participated in CONNECT’s first Nearsourcing Roundtable.
“The CONNECT Nearsourcing process has been extremely valuable to us for this project. We have been able to reach pre-screened and qualified local resources in a fraction of the time and with a fraction of the effort we would have expended otherwise. I am confident we will have a higher quality and lower cost outcome as a result,” said Ron Pitt, CEO of EcoDog.
Local companies interested in participating as part of CONNECT’s Nearsourcing Initiative are encouraged to submit your needs/specifications, fill out the online application at https://tinyurl.com/3my5rtg or contact Ruprecht von Buttlar at email@example.com or Taylor Peterson at firstname.lastname@example.org.