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

Chapman University has been awarded a contract by the California Business & Economic Development organization to facilitate the transformation of inventions into impactful technologies and science-based firms. The contract, totaling $749,965.08, is structured as an encumbrance-only agreement with multiple line items focused on accelerating startup and growth in key industry areas. The contract is divided into three distinct periods: from 10/25/2023 to 09/30/2024, 11/01/2023 to 09/30/2025, and an amended period from 11/01/2023 to 09/30/2026.

The contract's line items, each priced between $249,968.50 and $249,999.98, consistently describe the primary objective of helping transform technological inventions into market-ready enterprises. Each line item represents a specific performance period and is identified by the unique project code ACAHUB2023-C08, with one line item specifically noted as Amendment #2. The comprehensive contract suggests a multi-year engagement aimed at supporting technology and science-based entrepreneurial development in California, with Chapman University serving as the prime contractor responsible for implementing these innovation acceleration initiatives.