A designated Accelerate California: Inclusive Innovation Hub shall include at least one major university or research center or institute, one economic development organization, and consist of at least four of the following, in any combination:

(a) A business support organization including a workforce development or training organization, incubator or business accelerator, business technical assistance providers, chamber of commerce, and networking organization that supports innovation.

(b) An angel or venture capital network.

(c) A business foundation, innovation foundation, science foundation, laboratory research institution, federal laboratory, university laboratory, or research and development facility.

(d) A municipal economic development division or department.

(e) A federal government partner such as a national laboratory.

(Amended by Stats. 2022, Ch. 68, Sec. 9. (SB 193) Effective June 30, 2022.)