This interactive newsletter has information about the Accelerate CA Inclusive Innovation Hubs program in the SCALE Network. Brought to you by CalOSBA.
Accelerate CA at Innovation Day
Editor Olivia-Diane Joseph
Designer Lauryn Gardner
Table of Contents
Accelerate CA Innovation Hubs
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What is CalOSBA?
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CalOSBA’s Mission & Impact
Outsmart Disaster: Resiliency Tip
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The Future is Now: Now Playing!
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CA Rise Welcomes 61 New Grant Recipients
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Resources
This program aims to:
How CalOSBA is Diversifying the Innovation Economy
Advance technology development Address industry and societal challenges Collaboration and partnership development across industries, sectors and communities Stimulate economic growth and job creation Serve as a conduit to regional innovation and talent
The Accelerate California Inclusive Innovation Hubs, or Accelerate CA Hubs program, as part of the SCALE Network, is designed to catalyze and foster innovation ecosystems across the state while also creating avenues for entrepreneurs to access funding for their businesses. By harnessing California’s unique research and development, science and technology, angel and venture capital networks, local, and regional-level resources, California will continue to lead the world in innovation with a more diversified group of leaders.
Accelerate CA Hubs bridge the gap to local networks and communities and increase access to advising and training services.
WHAT IS AN ACCELERATE CA HUB?
Free or Low-cost Technical Assistance – 1:1 Advising 1. Capital Access – Fund your projects and business 2. Access to the Experts – Subject matter and industry experts 3. Resource Provider Network – Legal, accounting, financial, HR and other resources 4. Physical Space - For collaboration between entrepreneurs 5.
Some of the services may include:
Find market and project opportunities Industry specific workshops Product development and testing resources Access to funding Workforce skill development programs Direct advising and mentorships
CAPITAL ACCESS: Up to $100K in Acceleration Grants for businesses cultivated in Hubs 13 Hubs across California 1st State to directly invest in diverse- owned innovation businesses $16.5M Program Investment in Hubs
VISIT OUR WEBSITE FOR MORE INFO
WHAT IS THE CALIFORNIA OFFICE OF THE SMALL BUSINESS ADVOCATE ? CalOSBA
www.calosba.ca.gov
We Advocate for the Success of All Small Businesses The California Office of the Small Business Advocate (CalOSBA) supports economic growth by providing resources and support to the state’s 4.1 million small businesses, including non-profits, startups, creatives and innovators. Our mission is to help all California small business owners find and navigate resources, programs and regulations so they can start, manage, and grow their business, become more resilient, and thrive! By ensuring equitable access to funding, markets and networks, we aim to help Democratize Access to Capital, Diversify the Innovation Economy and Drive Economic Mobility through Entrepreneurship (the 3Ds) . CalOSBA has put together an incredible network of business coaches, resource centers, leadership programs, and multiple ways for entrepreneurs to access the money they need to continue to build and grow their business. By introducing the SCALE Network, we’ve made it even easier for business owners to find the right kind of help, from real people right in their community. We’re here to help you build your team and get ready for a winning season! Consider Us the Head Coach Page 2
What is the SCALE Network?
The SCALE Network is the connected system of resources, support, capital and opportunities that CalOSBA makes accessible to all of California, with a focus on reaching diverse, innovative and underrepresented businesses. SCALE stands for Success, Capital Access, and Leadership for Entrepreneurs . The network consists of ever growing and evolving programs and initiatives that strategically focus on small businesses, startups and innovative entrepreneurs.
Our Centers are Your Support Team. Small Business Development Centers (SBDCs) Women’s Business Centers
Apex Accelerators Innovation Hubs Veterans Business Outreach Centers Non-Profit Business Support Organizations
What to Expect When You Sign Up with SCALE:
Access to new markets & procurement opportunities. Access to capital through grants, contracts, lending and investors. Invitations to workshops, mixers, networking opportunities and events. A choose-your-own-adventure leadership journey, tailored to your goals. A vibrant community of growth-minded entrepreneurs and creatives. All of this at NO COST to you ( or a very low cost ).
Initiatives that Make Our Network Possible
STEP 2: We’ll hold your hand the rest of the way. STEP 1: Click here to sign up with your local support center
Join a team and get ready for game time!
Enable California’s Dreamers to Start, Scale & Succeed as Small Business Owners, Employers, and Drivers of the Economy CalOSBA’s Mission & Impact
HowWeDoIt
WhoWeServe
Administer the Governor’s direct grant relief supporting small businesses 1. Fund and oversee a network of small business support centers 2. Increase pipeline of loans to our smallest and most vulnerable small businesses 3. Advance the resiliency of our small businesses through disaster awareness and preparation 4. Represent and elevate the voices of CA’s small business-owners 5.
SBDCs, IHubs, CDFIs, FDCs & other partners and preferred lenders
California entrepreneurs & future entrepreneurs
Chambers of commerce & other business & economic
Communities, residents, community leaders & other stakeholders
development organizations
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Outsmart Disaster Tips to keep your business safe, secured, and resilient.
How can I prepare my business for potential cybersecurity threats?
Your small business is exposed to many different types of threats, and in this
modern era of business, this also includes cybersecurity threats.
Many small businesses may lack the resources or time to devote to cybersecurity, which makes them especially vulnerable to a cyber-attack. This is why cyber criminals are three times more likely to target your small business. You can start protecting your business today by learning about some cybersecurity best practices, understanding the common threats, and dedicating the resources needed to improve your cybersecurity. Many business owners may already understand the importance of using strong passwords, but what else can you do to protect your business? For example, is your internet connection protected by a firewall to prevent people from accessing your data? Have you thought about how you can protect your mobile devices from cyber threats? Your business can begin preparing now by reviewing the Federal Communications Commission’s (FCC’s)10 Cybersecurity Tips for Small Businesses or visit the U.S. Small Business Administration to learn more about best practices, common threats, and how you can assess your risk level. If you want to learn more about how you can prepare your small business for a cybersecurity threat or any other type of business interruption, please enroll in CalOSBA’s Outsmart Disaster 101 training webinar by clicking here How to Protect Your Business from Cyber Threats
NOW PLAYING!
The Future is Now A Young Entrepreneur Series On episode 2 of "The Future Is Now" Youth Entrepreneur Recognition Series, we highlight Madelyn, Abigail, and Olivia Jimenez. The dynamic founders of Jimenez Sisters Ranch based in Riverside California. When the pandemic shut down their goat milk business, these resilient young entrepreneurs pivoted to creating all-natural goat milk bath and body products. From handcrafted soaps to nourishing skin care, their dedication to quality and sustainability is setting new standards in the beauty industry. You can now find Jimenez Sisters Ranch products in over 20 states throughout the country.
Stay tuned to discover how they transformed a challenge into a thriving business!
Follow the Jimenez sisters and watch their journey continue to blossom.
Instagram: @jimenezsistersranch TikTok: @jimenezsisters7 YouTube: @jimenezsisters7 Facebook: @jsistersranch
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EMPLOYMENT SOCIAL ENTERPRISES
CA RISE
Economic Mobility
The California Regional Initiative for Social Enterprise (CA RISE) was created in 2021 to accelerate economic mobility and inclusion for individuals that experience employment barriers. This $25M investment in the capital and capacity for employment social enterprises is the first program of its kind in the nation. This August we celebrated the new cohort of 61 ESEs (employment social enterprises) selected for CA RISE through a competitive grant process. Each ESE received between $100K - $500K to support investments related to sustainable growth of their business, and increased economic mobility among their participant employees.
Sustainable Growth
All CA RISE ESEs will gain access to: One on One customized technical assistance Capacity building support Tools & learning modules Assistance enrolling in more programs ESE’s contribute to growth and mobility by employing, training and supporting talented Californians overcoming barriers to employment. The individuals employed by ESEs will experience improved economic outcomes, measured by income, credentials, apprenticeships and other opportunities to reach mobility and growth.
For more info on the program and participants, visit our website.
Resource & links page STATE OF CALIFORNIA/GOVERNMENT
California Secretary of State California Franchise Tax Board
California Department of Insurance California Business Investment Guide
Cal eProcure
U.S. Small Business Administration
CalGold Permit Tool
California Apex Accelerators (PTAC)
Sign up for SCALE today
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Visit our website for more resources https://calosba.ca.gov/
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California Office of the Small Business Advocate August/September 2024 Newsletter
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