What is a Tech Hub?
The Regional Technology and Innovation Hub Program, established under the CHIPS and Science Act of 2022, operates under the guidance of the Economic Development Administration (EDA). This visionary program is designed to fortify the economic and national security of the United States. It achieves this through strategic, place-based investments in regions equipped with the assets, resources, capacity, and latent potential to emerge as global frontrunners within the next decade in cutting-edge technologies and industries.
Following the Phase 1 Application, Wisconsin was designated as a Tech Hub due to its strength in the core technology area of personalized medicine.
Learn more about the EDA Tech Hubs Program Application Phases here.
What made Wisconsin an ideal location for a Tech Hub?
Wisconsin was uniquely positioned as a tech hub due to its recognized strength in biohealth, which can be seen in BioForward’s most recent Economic Impact Report. The Brookings Institute recognized Wisconsin as a leader in innovation criteria.
Wisconsin’s biohealth sector is spearheading the surging demand for personalized medicine solutions. The state’s historical strength in medical device production and advancements in biomedical imaging, radiation, and nuclear medicine align with its robust manufacturing, precision manufacturing, and automation capabilities, making it a biomanufacturing and biopharmaceutical powerhouse.
What are the goals of the Wisconsin Biohealth Tech Hub?
The Wisconsin Biohealth Tech Hub, led by BioForward Wisconsin, aims to position Wisconsin as a global leader in personalized medicine, an emerging healthcare approach that tailors tests, treatments, and therapies informed by a patient’s unique genetic code, medical record, and environment. Leveraging its cluster of healthcare assets and track record of commercializing medical research, this Tech Hub seeks to facilitate manufacturing coordination and data sharing, expand lab space and computing capacity, advance the field of critical genomic, diagnostic, and theranostic technology, and accelerate domestic biotech manufacturing.
Who is leading the Wisconsin Biohealth Tech Hub?
BioForward is the lead consortium member responsible for the application and reporting requirements. The full consortium is comprised of 18 Wisconsin businesses, education institutions, civic leaders and entrepreneurs. Additionally, Regional Innovation Officer, Wendy Harris, was hired to lead the hub.
Learn more about the tech hub governance here.
If awarded funds as part of the Phase 2 Tech Hubs Program Application, how will those funds be distributed?
The Phase 2 application for the Regional Technology and Innovation Hub Program details specific projects integral to the development of the Wisconsin Biohealth Tech Hub. Funding allocated by the EDA will be strategically invested into projects within the hub. These initiatives will subsequently channel resources towards activities directly benefiting the biohealth community, whether through data initiatives, resource allocation, direct investments, or training programs. Further details will be provided once the EDA finalizes the selection of projects.
How can I/my company be involved in the Wisconsin Biohealth Tech Hub?
We’re thrilled about the support and excitement surrounding the Wisconsin Biohealth Tech Hub! We’re currently awaiting the EDA’s selection of projects and funding levels for Phase 2.
Once these details are finalized, individuals and companies will have a range of opportunities to participate. These may include involvement in entrepreneur programs, training initiatives, providing expertise or input, or even becoming part of the consortium driving the hub’s activities forward.
To stay updated on these upcoming opportunities, we invite you to express your interest by filling out our form or signing up for our email list. By doing so, you’ll ensure you’re among the first to know about any new developments and opportunities for engagement within the Wisconsin Biohealth Tech Hub.
Journey Through Tech Hub Phases
EDA:
Notice of Funding Opportunity (NOFO) issued.
Wisconsin submits Strategic Development Grant (SDG) and Phase 1 Tech Hub Designation Applications for Wisconsin Biohealth Tech Hub.
Wisconsin awarded EDA Tech Hub designation, being one of 31 out of 192 applications submitted, Wisconsin also received a Strategy Development Grant as one of 19 out of 172 applications, with award of $350K.
Phase 2 Tech Hub Implementation Application and all commitments submitted.
Phase II recipients announced
MANUFACTURING POWERHOUSE
Positioned in the Midwest, Wisconsin fortifies the US supply chain, securing crucial national interests in manufacturing and technology.
Wisconsin’s dynamic interconnecting manufacturing network has major hubs in Green Bay, Madison, Milwaukee, and Eau Claire.
MANUFACTURING EXCELLENCE
Wisconsin’s biohealth sector is spearheading the surging demand for personalized medicine solutions.
BIOMANUFACTURING
The state’s historical strength in medical device production and advancements in biomedical imaging, radiation, and nuclear medicine align with its robust capabilities in manufacturing, precision manufacturing, and automation making it a biomanufacturing and biopharmaceutical powerhouse.
SUPPLY CHAIN
Wisconsin houses the full continuum of the supply chain from R&D, to biomanufacturing, to logistics, to workforce. This is critical to the EDA in protecting economic and national security.
A Manufacturing Powerhouse
manufacturing states
generated in products & services
Large & Highly-Specialized Precision Manufacturing & Automation Base
%
Growth in the biomanufacturing sector since 2018, surpassing national growth of 14%
%
Greater concentration of jobs in the medical device and equipment sector than the US average
Jobs in the medical device and equipment sector
Secure Supply Chain with High Concentration of FDA Registered Suppliers
R&D
Research & development at world-class universities tees up innovation.
Biomanufacturing
Manufacturers in WI supply original equipment & designs for the biohealth industry.
Logistics
Wisconsin’s logistics industry manages warehousing of goods seamlessly.
Workforce
Graduates from universities, vocational & technical colleges feed the talent pipeline.
Biohealth Tech Hub Governance
BioForward will lead the new initiative and be responsible for reporting to the EDA. Regional Innovation Officer (RIO) will lead development of the Hub’s strategy and operations.
DO YOU WANT TO DEFINE THE FUTURE OF HEALTHCARE WITH US?