Awarded vendors
- CAP Contract Alliance
Description
The State of California is contracting a fiscal‑agent to administer the Accelerate California Innovation Grant Program. The agent will design and operate the grant‑making process, verify eligibility, execute grant agreements, disburse up‑to‑$100,000 one‑time awards to eligible small businesses, and provide all required financial and program reporting through March 31 2028.
• Scope includes end‑to‑end grant administration (design, intake, eligibility, award processing, reporting).
• Contract value is $215,885 with a maximum administrative fee of 5 % of the $4.4 M grant pool.
• Awardee must post collateral securities covering the uninsured portion of state funds and may need to maintain insurance for contracts exceeding $1 M.