Cal. Gov. Code § 12099.1
California Innovation Initiatives
Redline — January 1, 2013 → current.View current text →
Current — January 1, 2021
As of January 1, 2013
(a) The California Innovation Hub Program is hereby created within the office.
(a) The Accelerate California: Inclusive Innovation Hub Program is hereby created within the office, within the California Office of the Small Business Advocate.
(b) The office shall designate Innovation Hubs within the state to stimulate partnerships, economic development, and job creation by leveraging assets to provide an innovation platform for startup businesses, economic development organizations, business groups, and venture capitalists. The assets may include, but are not limited to, research parks, technology incubators, universities, and federal laboratories.
(b) The office shall designate Accelerate California: Inclusive Innovation Hub within the state to accelerate the startup and growth of technology and science-based firms in key industry areas with a focus on diverse founders, including women and people of color, and on underserved geographies and regions. Accelerate California shall offer diverse entrepreneurs the opportunity to develop and grow their innovative ideas by bridging the connection to local networks and communities and increasing access to critical advising and training services.
(c) The office shall oversee, coordinate, and provide assistance to each iHub.
(c) The office shall oversee, coordinate, and provide assistance to each Accelerate California: Inclusive Innovation Hub.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.