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Accelerate California: Inclusive Innovation Hub Program – Round 3

Grantor:
Governor's Office of Business and Economic Development
Portal ID:
50463
Status:
Closed
Opportunity Type:
  • Grant
Last Updated:
Categories:

Details

Purpose:

Accelerate California: Inclusive Innovation Hub Program Round 3 seeks applications from Inland Empire-based organizations to administer a grant program for the California Office of the Small Business Advocate. This program aims to expedite the startup and growth of innovation-based firms in San Bernardino and Riverside counties, focusing on diverse founders, including women, people of color, and underserved regions.

Description:

With the state facing global competition for talent and leadership in science, technology, engineering, mathematics, research, and education, California must expand its innovation capacity by leveraging the resources, creativity, and ingenuity that exists across all geographic regions of the state. Through a new California initiative, the Accelerate California: Inclusive Innovation Hub Program, or Accelerate CA Hub, catalyzes and fosters innovation ecosystems across the state. This program aims to: advance critical technology development; address industry and societal challenges; foster collaboration and partnership development across industry, academia, government, nonprofits, civil society, and communities of practice; stimulate economic growth and job creation; and serve as a conduit to regional innovation and talent. Diversity, Equity, Inclusion, and Accessibility (DEIA) are intentionally and meaningfully embedded at the core of this program.

The Accelerate CA Hub program uniquely harnesses California’s research and development, science and technology, angel and venture capital networks, local, and regional-level resources. Accelerate CA Hubs are aimed at catalyzing robust partnerships rooted in scientific and technological innovation to positively impact the economy within a geographic region, address societal challenges, and advance national competitiveness.

The California Office of the Small Business Advocate (CalOSBA or the Office) is administering a one-time grant through Accelerate California: Inclusive Innovation Hub Program (“Program”). The Program will award funds to a select group of entities to lead the state's efforts in growing and nurturing an inclusive innovation ecosystem by advancing the economic and societal benefits of California-based innovation by providing entrepreneurial training, coaching and mentorship, access to capital, small business resources and support the office in distribution of grants to eligible innovation-based enterprises that have completed approved Accelerate CA Hub programming.

Round 3 is available to applicants located in the Inland Empire region who were not awarded in Round 1 or Round 2 and serve Riverside and San Bernadino counties.

Please review the program announcement for full details. https://calosba.ca.gov/grant-and-funding-opportunities/

Eligibility Requirements

Eligible Applicants:

  • Business
  • Nonprofit
  • Other Legal Entity
  • Public Agency

Round 3 is available to prospective applicants based in the Inland Empire, including those who were not awarded during Round 1 or 2 and serve the San Bernardino and Riverside counties.

Please review the program announcement for all Eligibility Requirements.

Eligible Geographies:

The state of California

Important Dates

The date (and time, where applicable) by which all applications must be submitted to the grantmaker. Time listed as “00:00” equates to midnight.
The date on which the grantor expects to announce the recipient(s) of the grant.
1/15/2024
The length of time during which the grant money must be utilized.
2/1/2024 - 1/31/2025

Funding Details

The total projected dollar amount of the grant.
$250,000
A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.
1
Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display.
$250,000
Certain grants require that the recipient(s) provide a letter of intent.
No
Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
No
The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number.
  • State
The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly).
  • Advances & Reimbursement(s)

How to Apply

State agencies/departments recommend you read the full grant guidelines before applying.

Resources

For questions about this grant, contact:
CalOSBA Programs, 1-877-345-4633, calosbaprograms@gobiz.ca.gov

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