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WASHINGTON, DC — The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today announced the designation of 31 Tech Hubs in regions across the country, including the Greater Philadelphia Region Precision Medicine Tech hub encompassing Delaware, New Jersey and Pennsylvania
This is the first phase of the new Tech Hubs program, which is an economic development initiative designed to drive regional innovation and job creation by strengthening a region’s capacity to manufacture, commercialize and deploy technology that will advance American competitiveness. The program invests directly in burgeoning, high-potential U.S. regions and aims to transform them into globally competitive innovation centers.
The Greater Philadelphia Region Precision Medicine Tech Hub, led by the Ben Franklin Technology Partners of Southeastern PA, aims to become a global leader in end-to-end precision medicine. This Tech Hub will leverage the region’s density of life sciences assets and research and development expertise to weave together disparate technology applications: biotechnology, medical technology, genomics, synthetic biology supported by artificial intelligence, machine learning, robotics and more. Together, these tech-enabled efforts will deliver new ways to diagnose, prevent and treat disease, increasing evidence-based technology applications that improve morbidity and mortality and decrease health disparities.
Tech Hubs was authorized by the bipartisan CHIPS and Science Act, a key part of President Biden’s Investing in America agenda, which he signed into law in August 2022. Winners are located across 32 states and Puerto Rico and represent a cross-section of urban and rural regions. Designation is an endorsement of the region’s plans to supercharge their respective technological industries to create jobs, strengthen U.S. competitiveness and protect national security. The Tech Hubs focus on industries ranging from autonomous systems, quantum computing, biotechnology, precision medicine, clean energy advancement, semiconductor manufacturing and more, and they highlight how the Biden-Harris Administration is investing in innovation and economic growth in every region of the United States.
The Phase 1 winners were selected from nearly 400 applications from regional consortia that include industry, academia, state and local governments, economic development organizations, and labor and workforce partners. As part of the Tech Hubs competition, each consortium outlined plans for strengthening its region’s capacity to manufacture, commercialize and deploy critical technologies.
These designated Tech Hubs may now apply to receive between $40 million and $70 million each for implementation funding, totaling nearly $500 million.
Read the full Tech Hubs announcement release here.
Read more about the Tech Hubs program here.