Item No. Date of Meeting 3b attach July 23, 2019 Maritime Blue/Port of Seattle Partnership Advancing Washington State's Maritime Industry Maritime Innovation Initiative Progress  Update Business Plan  Form advisory group  Commission authorization for Ship Supply building design work  Develop MOU with WA State  Develop virtual incubator and accelerator Substantial progress since January "The challenging times in all port related markets, like logistics, oil and gas, and maritime, require that we have a window on new technologies. [The] PortXL [Maritime Accelerator] helped us identify these trends, bringing new business models to our markets and challenging conventional businesses." Paul Smits CFO, Port of Rotterdam 2 Formalizing Alliance to Advance Maritime Blue Strategy • Seeking Commission authorization for Executive Director to execute the Maritime Blue Partnership Memorandum of Understanding between Washington Maritime Blue, a Washington 501 c6 nonprofit organization, and the Port of Seattle • Memorandum identifies areas of cooperative interest and has POS and Maritime Blue establish annual priorities and specific work plans 3 Maritime Blue Strategy: Pathways and Initiatives 4 What Does a Cluster Organization do? General cluster development Innovation collaboration Knowledge collaboration • Networking activities • Set research priorities • R&D and education initiatives • Facilitate collaboration • Facilitate funding / financing • Build international relationships • Strengthen the knowledge base • Accelerate tech development • Direct Advisory services' • Improve practices and efficiency • Joint industry projects • Attract investors and talent ' • Communications and marketing • Drive commercialization • Connect to education and training • Advocacy and awareness 5 Memorandum of Understanding Details • Will underpin the specific collaboration needed to advance the Maritime Blue plan. • As part of the MOU, the Port and Maritime Blue will establish annual work plans • These plans will include goals, metrics, outcomes and funding needed to successfully support maritime accelerator initiatives, workforce training programs and a host of other Maritime Blue initiatives - Pending contract between Port and Maritime Blue will further delineate priorities, resources and desired outcomes 6