University of California: Innovation Acceleration Fund.

Existing law establishes the University of California, under the administration of the Regents of the University of California, as one of the segments of public postsecondary education in this state. This bill would express the Legislature's intent to enact legislation to create an Innovation Acceleration Fund at the University of California to apply existing research efforts to solving California's most pressing public policy issues and to establish a robust innovation infrastructure at its campuses to accelerate local economic development and job creation.