79220.
(a) The board of governors may establish, once sufficient funding for this purpose becomes available, a competitive grant pilot program to evaluate a public-private partnership model designed to accomplish all of the following objectives:(1) Promote business development and job creation by helping early stage business ventures with new ideas to either find early stage funding or to reach the point of operating stability.
(2) Leverage the underutilized infrastructure and nascent entrepreneurship programs of the community college system to sponsor programs that encourage and reward creativity, collaboration, and innovation.
(3) Recruit and coordinate businesses and investors from the local community to provide funding, sponsorships, and internships.
(b) The board of governors shall select partnering community college districts and private entities to participate in the pilot program that best demonstrate the ability to fulfill the objectives specified in subdivision (a) and the agreement requirements specified in subdivision (c).
(c) A community college district and a private entity that are selected to participate in the pilot program as partners shall enter into an agreement to, at a minimum, do all of the following:
(1) Identify the administration and management structure of the pilot program.
(2) Define the
scope of the pilot program.
(3) Set the beginning, end, and other strategic dates of the pilot program for the purpose of evaluating the public-private partnership model.
(4) Identify the process that will be used, and the key stakeholders who will be engaged, in the development, testing, and refining of the public-private partnership model.
(5) Identify entities to be responsible for preparing the written summary required pursuant to subdivision (c).
(6) Identify financial and in-kind contributions each party makes to the pilot program.
(d) (1) Upon the completion of the pilot program, the entities identified pursuant to paragraph (5) of subdivision (b) shall prepare
a written summary of findings and recommendations for, and a description of, the public-private partnership model to be posted on the community college district’s Internet Web site.
(2) Within 30 days of the information being posted pursuant to paragraph (1), the community college district shall provide letters to the Dean of the California Community Colleges’ Economic and Workforce Development Program, the Director of the Governor’s Office of Business and Economic Development, and the relevant policy committees of the Legislature notifying them of the posting.