AB 250 iHub Accelerator Fund
Sacramento – Assemblymember Chris Holden (D-Pasadena) hopes to expand on the state’s iHub innovation network with a new plan to create economic opportunities for pioneering start-up companies. It’s part of his legislation (AB 250) that was overwhelmingly approved with bi-partisan support today in the Assembly Jobs, Economic Development and the Economy Committee.
AB 250 would allow emerging technology companies an opportunity to partner with the state to demonstrate new innovative technologies on underutilized state properties.
“We want to put the state in a position to cultivate and incubate young companies that are developing new technologies,” explained Assemblymember Holden. “Our goal is to foster greater collaboration between innovators and investment opportunities within the state.”