Help facilitate the transformation of invention to impact by accelerating the startup and growth of technology and science-based firms in key industry…

The University of San Diego has been awarded a three-year contract by the California Business & Economic Development organization, valued at $746,816.23. The contract, identified as Encumbrance Only 0000002298, focuses on facilitating the transformation of invention to impact by accelerating startup and growth of technology and science-based firms in key industry areas. The contract spans from October 1, 2023, to September 30, 2026, with annual line items of $250,000, $249,997.96, and $246,818.27 respectively.

The contract, marked as ACAHUB2023-C07 with an Amendment #2, demonstrates a consistent commitment to supporting technological innovation and entrepreneurial development. Each line item is structured with a quantity of one and measured as a single unit, indicating a comprehensive approach to supporting science and technology-based enterprise growth. The phased funding approach suggests a progressive evaluation of the program's effectiveness, with the University of San Diego serving as the prime contractor responsible for executing the strategic objectives of technology commercialization and startup acceleration.