The California Office of the Small Business Advocate (CalOSBA) recently announced grant award recipients of the Inclusive Innovation Hub (iHub2) program. This one-time, $250,000 grant will run for a 15 month period and will help accelerate regionally focused strategies to spur innovation and diversification across industry sectors and geographies while attracting entrepreneurs from underserved business communities.
CalOSBA designated FATHOMWERX — a public-private partnership created by the Economic Development Collaborative, the Port of Hueneme, Naval Surface Warfare Center/Port Hueneme Division, and Matter Labs — to be among 10 inclusive innovation hubs in the state. This exciting designation is for initial three years and will run through March 2025.
FATHOMWERX was established to enhance regional economic competitiveness, create more jobs, and aid in the sustainability of high-tech, high-impact entrepreneurs doing business in the government sector and beyond. This first-of-its-kind program serves Ventura and Santa Barbara Counties by increasing access to mentoring, training, consulting, networking, and funding opportunities for high-tech start-ups, with a specific focus on serving underrepresented tech start-ups.
“As one of the founding partners of FATHOMWERX, the Port of Hueneme is excited that the iHub2 program will bolster the advancement of an inclusive service and provide resources to support ongoing change for high-tech entrepreneurs and small business companies,” said Kristin Decas, CEO & Port Director.
iHub2 will provide small businesses with high-tech assistance services, focused technology industry (sector-specific) workshops, mentoring and networking events, high-tech resources at FATHOMWERX, funding options through EDC and its loan network, equity funding networking, and high-tech, node-building events.
“These inclusive innovation hubs are important because they are key investments in California’s competitive edge when it comes to growing technology and science-based businesses,” said Tara Lynn Gray, Director of the Office of the Small Business Advocate. “In California, we have a very big appetite for innovation. We lead the nation in business start-ups and in job creation.”
“The Naval Surface Warfare Center Port Hueneme Division’s strategic goals include creating a culture of innovation to deliver and sustain capability,” said Alan Jaeger, Ventura Tech Bridge Director at the Office of Research and Technology Applications, Naval Surface Warfare Center, Port Hueneme Division. “This goal puts us on a deliberate pathway of creating and fostering an environment and culture of innovation both inside and outside our command and includes teaming with internal and external stakeholders as well as leveraging industry and academic partners. With the addition of the iHUB resources, FATHOMWERX will have further access to a diverse and under-represented network of innovators and potential solutions to national security initiatives.”
"The state of California designating FATHOMWERX as a science-based incubator and technology hub is an exciting and important honor." said Oxnard Harbor District President, Mary Anne Rooney. "This official designation will build upon the focus of including underserved communities in future innovation.
By making an intensive effort to connect with underserved, disadvantaged communities, and high-tech, high impact women and minority-owned technology businesses, iHub2 has great potential to create new talent within the high-tech workforce with higher paying jobs throughout the region.
