 The Monterey Bay area is also a world leader in sustainable marine science research and development with over 30 different academic, non-profit institutions, federal and state agency laboratories and other facilities focused on marine science, biology, research, education and technology with a combined annual budget exceeding $330 annually.Bordering Silicon Valley, cutting edge commercial activity from the Monterey Bay marine science community is now emerging worldwide.Thus, the term, ‘Blue Silicon Valley’, was coined by a group of leading businesspeople, engineers and scientists from Silicon Valley and the Monterey Bay region of California.