Universities play a pivotal role in America’s technology economy, serving as a crucial source of research, inventions, patents, start-up technology companies, and regional economic and employment growth. The Bayh-Dole Act has played an instrumental role in spurring academic technology transfer activities that serve as vital drivers of American innovation.| itif.org
The Twin Cities is in the running for millions of federal dollars as a newly designated "tech hub." It could determine whether our longtime status as a medtech epicenter continues.| Twin Cities Business
Most notably, CHIPS authorized rising spending targets for key anchors of the nation’s innovation ecosystem, including the National Science Foundation (NSF), the Department of Energy’s Office of Science, and the National Institute of Standards and Technology (NIST). In that regard, the act’s passage was a breakthrough—including for an expanded focus on place-based industrial policy.| Brookings
WASHINGTON, DC — The Biden-Harris Administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), announced another funding round of approximately $504 million in implementation grants to 12 Tech Hubs to scale up the production of critical technologies, create jobs in innovative industries, strengthen U.S. economic competitiveness and national security, and accelerate the growth of industries of the future in regions across the United States.| U.S. Economic Development Administration
The EDA grant will support a $40 million expansion of the IBRL, including upgrading to a 1500 L capacity. Additionally, it will enable consortium| vegconomist - the vegan business magazine
The Commerce Department’s Tech Hubs program could lead to the development of tools eventually bought by the federal government, officials said.| FedScoop