U.S. Senator Tammy Baldwin met privately with U.S. Secretary of Commerce Gina Raimondo to make a final pitch for Wisconsin to be selected for funding for the state’s Biohealth Tech Hub, according to a recent press release. The move could potentially unlock up to $75 million to help grow the state’s personalized medicine and biohealth sector — spurring innovation, growing the economy, and boosting American competitiveness in the industry.
After earning the Tech Hub designation in October 2023, Wisconsin’s consortium of 15 public and private partners organized by the Wisconsin Economic Development Corp. submitted Wisconsin’s application for implementation funding in February 2024 to continue efforts to bolster the state as a leader in personalized medicine and biohealth technology. The announcement of implementation grant funding is expected in the coming months.
Earlier this year, Wisconsin submitted its application for Phase 2 Implementation Grants funding under the U.S. Economic Development Administration’s (EDA) Regional Technology and Innovation Hubs program. Wisconsin, along with the other 30 Tech Hub designations, is now competing for funding from the EDA. The EDA expects to fund approximately three to eight projects — totaling between $40 million and $75 million each — to collectively address the region’s key inhibitors of global competitiveness.
