(a) The California Innovation Hub Program is hereby created within the office.

(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.

Terms Used In California Government Code 12099.1

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

(c) The office shall oversee, coordinate, and provide assistance to each iHub.

(Added by Stats. 2013, Ch. 530, Sec. 1. (AB 250) Effective January 1, 2014.)