Biden Administration Designates Regional Innovation and Technology Hubs Program

On October 23, President Biden announced the designation of the inaugural 31 Tech Hubs program, as well as recipients of 29 Tech Hubs Strategy Development Grants.

As part of the CHIPS and Science Act (see previous COSSA coverage), this program aims to establish and support regional innovation centers, fostering growth and technological advancement across various regions. Each hub will utilize the unique strengths of its community and regional industry to build and scale their respective Innovation and Technology Hub.

Additionally, numerous organizations throughout the country will receive Strategy Development Grants to strengthen their capabilities, with potential for future hub designation. The program represents a comprehensive investment in regional economies, addressing the need for quality STEM education and investment in economically disadvantaged communities.