Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a)
Following the submittal, the application will be reviewed by a Review Committee
based on a scoring mechanism described below evaluating each of the "Evaluated
Criteria" specifically listed as follows:
(1)
Identified commercial market focus and plan
(2) The Applicant's management structure and
plan
(3) The Applicant's management
team's experience
(4) Proximity to a
"state of the art" technology center
(5)
Job development and business creation
(6) Planning and local incentives
(7) Sustainability of services and
management
(8) Community engagement and
support
(b) Each Review
Committee member shall individually score each Applicant based on the Evaluated
Criteria set forth in subsection (a) above considering the following factors
described below for each Evaluated Criteria and awarding the following points for
each Evaluated Criteria based on a scale of 1-5 ("5" meaning "Outstanding", "4"
meaning "Above Average", "3" meaning "Average", "2" meaning "Below Average" and "1"
meaning "Needs Work"). The points awarded to each Evaluated Criteria will then be
tallied (with a maximum score of 40 points (8 Evaluated Criteria x 5)) and averaged
to reflect the average score of the Review Committee. Each Applicant will then be
compared to one another and ranked.
(1) Identified
commercial market focus and plan
(A) Review
Committee member shall consider:
(i) Commercial
market focus; and
(ii) Description of
Applicant's specific assets in the proposed iHub market (e.g.
natural assets, which include but are not limited to access to local universities
and colleges, technology based start-up community, labs, business support, local
funding etc., within the region that support the proposed
market).
(2) The
Applicant's management structure and plan
(A)
Review Committee members shall consider whether:
(i) The Applicant clearly defines who will act as
the iHub coordinator and specifically identifies responsibilities; and
(ii) The Applicant clearly explains how the
day-to-day operations and communications will be
addressed.
(3) The
Applicant's management team's experience
(A)
Review Committee members shall consider:
(i) The
Applicant's management team and its experience, including each one's capabilities,
education (including, but not limited to, demonstrated experience with incubation
programs, technology transfer and licensing and intellectual property management)
and proposed objectives.
(4) Proximity to a state of the art technology
center
(A) Review Committee members shall consider
whether:
(i) The Applicant's region is anchored by
an existing or planned state of the art technology center;
(B) If a state of the art technology center
exists, Review Committee shall consider the following questions:
(i) Does the Applicant list the features that are
currently available?
(ii) How much work
space is available?
(iii) Does the
available work space provide sufficient space for start-up
companies?
(C) If a state of
the art technology center is planned:
(i) What is
the timeframe for the state of the art technology center to come into
existence?
(ii) What features will the
state of the art technology center have?
(5) Job development and business creation
(A) Review Committee shall consider whether:
(i) the number of jobs that will be created within
the proposed iHub is exponential considered to the status quo (i.e. economic impact
of proposed iHub);
(ii) The Applicant
plans to enhance job development in the region;
(iii) The Applicant is focused on business
creation;
(iv) The Applicant has
adequately addressed how to support new businesses; and
(v) The Applicant has sufficiently described the
economic impact of the proposed iHub.
(6) Planning and local incentives
(A) Review Committee shall consider whether:
(i) The Applicant has identified and, where
applicable, applied for local, state and federal tax incentives;
(ii) The Applicant has identified land use and
development incentives; and
(iii) Local
government has plans to introduce incentives to benefit the proposed
iHub.
(7)
Sustainability of services and management
(A)
Review Committee shall consider whether:
(i)
Financial support exists for the proposed iHub;
(ii) Person or persons are available to seek and
apply for innovation and economic development or research grants to raise capital
for the proposed iHub; and
(iii) There
is a plan to have members of the proposed iHub stay connected and informed about its
progress through regular meetings or other communication
methods.
(8)
Community engagement and support
(A) Review
Committee shall consider whether the Applicant has local government, community and
non-profit support for the proposed iHub (i.e. letters of
support).
(c) Based
on the cumulative scores of each Applicant, the Review Committee will make a
recommendation to GO-Biz, who is then charged with making final
designations.
(d) GO-Biz, with a
recommendation from the Review Committee, shall evaluate Applicant based on the
following factors:
(1) Statement of
purpose;
(2) Focus area of the iHub
which must include industry sectors or other targeted areas for development and
growth;
(3) Statement of
cooperation;
(4) Articulation of
organizational experience including capability statements, related programs as well
as any additional critical factors for achieving the proposed objectives along with
the following:
(A) Experience with technology
transfer/licensing; and
(B) Demonstrated
experience with intellectual property management.
(5) iHub management structure;
(6) iHub sustainability;
(7) Goals and metrics to be achieved with the
certification of the iHub;
(8)
Commercial market focus and plan;
(9)
Proposed iHub regional assets and resources available to support and guide emerging
companies.
(10) Experience with
innovation programs;
(11) iHub's
physical boundary;
(12) Evidence of
community engagement and support; and
(13) The process described for collaborating with
education institutions within the iHub's physical boundaries to develop training
programs that lead to industry-recognized credentialing.
(e) GO-Biz will issue a notice specifying the
conditions the Applicant must satisfy in order to obtain final designation. If the
specified conditions are not met within the specified period in the letter of
conditional designation, the Applicant will lose its designation.
(f) The Applicant with a conditional designation
is not considered an official iHub until all conditions have been met.
1. New section
filed 3-22-2017; operative 3-22-2017 pursuant to Government Code section
11343.4(b)(3)
(Register 2017, No. 13).
Note: Authority cited: Sections
12099.3 and
12099.4,
Government Code. Sections
12099.3 and
12099.4,
Government Code.
