EDA receives 378 applications for Tech Hubs competition
The U.S. Department of Commerce’s Economic Development Administration (EDA) has received 378 applications from 48 states for Phase 1 of the Regional Technology and Innovation Hubs (Tech Hubs) competition. In total, 48 states and three territories submitted 378 Tech Hubs Phase 1 applications.
The competition is divided into two parts. The first part will designate Tech Hubs in regions across the country that bring together industry, higher education institutions, state and local governments, economic development organizations, and labor and workforce partners to supercharge ecosystems of innovation for technologies that are essential to our economic and national security. The second part will separately award approximately $15 million in strategy development grants to accelerate the development of future Tech Hubs.
There were 378 applications from 247 unique lead consortia members:
- 68 (28%) submitted only applications for a Tech Hubs Designation;
- 124 (50%) submitted applications for both Designation and Strategy Development Grants; and
- 55 (22%) submitted only applications for Strategy Development Grants.