Inclusive Innovation Hubs (IHub2)

Portal ID:
7111
Status:
Active
Opportunity Type:
  • Grant
Last Updated:
 | 
Categories:

Details

Purpose:

CalOSBA will designate and award a total of ten proposals to incubate and/or accelerate technology and science-based firms in underserved regions and communities. The official designation as an iHub2 will be a 5-year agreement with the State of California. CalOSBA will award each designated iHub2 $250,000 to build and expand programs during the first year of operation.

Description:

CalOSBA will designate and award a total of ten (10) proposals to serve as California’s as an iHub2 to incubate and/or accelerate technology and science-based firms in underserved regions and communities, including women and people of color. The official designation as an iHub2 will be a 5-year agreement with the State of California. CalOSBA will award each designated iHub2 $250,000 to build and expand programs during the first year of operation. These financial one-year awards for each iHub2 will total $2.5 Million.  

Building on the strengths of the clustered regional model, CalOSBA launched the California Inclusive Innovation Hub program (iHub2) with a new focus on diversity, equity and inclusion.  The iHub2 program will accelerate technology and science-based firms in key industry areas with a strong outreach focus on diverse founders, including women and people of color, and on underserved geographies and regions.  

iHub2 will encourage regions to build upon their existing or emerging innovation resources and local industry concentrations to create activity hubs, promote technology transfer and assist nascent companies with layered support and partnerships. Additionally, iHub2 will serve as a bridge between local innovation ecosystems and state technical assistance, resources, and networks to support the success of the program. 

CalOSBA is available to provide technical application assistance via e-mail at osba@gobiz.ca.gov. There will be a zoom webinar for interested applicants held on October 21 at 10am. Interested applicants can register HERE. The deadline to submit an application is October 15th, 2021 at 12 PM PST. Applications must be submitted by e-mail to osba@gobiz.ca.gov. For full application instructions and eligibility information, please see the Request for Proposals at https://calosba.ca.gov/grant-and-funding-opportunities/ and grants.ca.gov.

Eligibility Requirements

Eligible Applicants:

  • Other

Eligible host organizations include:• Fully accredited institutions of higher education;• Private nonprofit corporations engaged in economic development activities• Local counties or municipalities with pre-existing community/economic development departments and/or programs; and,• Public economic development institutions such as workforce investment boards and economic development corporations.

Eligible Geographies:

California

Important Dates

Application deadline The date (and time, where applicable) by which all applications must be submitted to the grantor.
Expected award announcement The date on which the grantor expects to announce the recipient(s) of the grant.
December 15, 2021
Period of performance The length of time during which the grant money must be utilized.
5 Years

Funding Details

Total estimated available funding The total projected dollar amount of the grant.
$2,500,000
Expected number of awards 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.
10
Estimated amount per award 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
Letter of Intent Required? Certain grants require that the recipient(s) provide a letter of intent.
No
Requires Matched Funding? Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
No
Funding Source: 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
Funding Method: 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).
  • 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, 1-877-345-4633, osba@gobiz.ca.gov