Innovation Triangle and visiting Korean delegation are two of them

With its growing reputation as a hub for tech and innovation, the Eastside is attracting talent and business to the area from both elsewhere in the United States and globally.

innovation triangle

Photo courtesy Korean American Chamber of Commerce of Washington State via Facebook.

According to the Innovation Triangle, a partnership between Bellevue, Redmond, and Kirkland formed to attract technology and innovation-intensive businesses to the Eastside, more than 30 percent of Eastside residents were born outside of the U.S.

The area’s diversity speaks to its global appeal, attracting creative and talented individuals in fields like e-commerce, business services and enterprise software, and research and development, to name a few.

This week, for instance, the Korean American Chamber of Commerce of Washington State is visiting Bellevue for the third time since 2014. “The goal for us is to create the platform here for Korea IT companies to come to the U.S.,” said Joana Chong, president of the Korean American Chamber of Commerce of Washington State.

Chong said by establishing this relationship, investors will be able to create a K-tech hub here, just like Silicon Valley. “Currently, most of the Korean government and private sector focus on Silicon Valley,” Chong said. “But I do believe that we have a lot more to offer (here) for small companies from Korea.”

Bellevue’s economic development director, James Henderson, said this is part of the Innovation Triangle’s goal. “The Innovation Triangle is an alternative to going to Silicon Valley,” he said. “Initially, that’s the goal: bring international companies to the region.”

During the delegation’s visit to the Eastside, the Korean American Chamber of Commerce of Washington State will host its third annual Korea-Washington State ICT Forum at the Meydenbauer Center. The event, which takes place today, will also feature presentations from Korean startups. In addition to exposing people to the potential investment and partnership opportunities available in the area, Chong said the main goal of the forum is to provide Korean startups the opportunity to come to the U.S. and experience the startup ecosystem that exists here.