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Wisconsin State Capitol dome.

14 Feb Madison-Milwaukee tech hub gets near-unanimous support in Legislature

Posted at 16:22h in Clinical Research, UW–Madison, Technology, Biohealth, Wisconsin, UW SMPH by

By Natalie Yahr, The Cap Times

The ongoing effort to make Wisconsin a nationally recognized technology hub could get a $7.5 million boost from state funds following the passage this week of a bill designed to help Wisconsin compete for up to $70 million in federal funds.

The Biden administration selected Wisconsin from a pool of a few hundred last October, awarding it designation as one of 31 regional “tech hubs.” Submitted by a consortium of biohealth businesses, colleges and economic development agencies, Wisconsin’s successful application focused on the Madison and Milwaukee-Waukesha regions as hotbeds of innovation in personalized medicine, the growing field of tailoring medical treatments to a patient’s genes.

The selected hubs are now eligible to apply for a second phase of the process, in which three to eight regional hubs will receive between $40 million and $70 million each to implement their plans, funded through the CHIPS and Science Act of 2022.

But before they can submit their applications to the U.S. Economic Development Administration (EDA), the hubs must show that they can match 10% of the federal funds with other investments.

Now, a bill that would authorize those funds is headed to Gov. Tony Evers’ desk with near-unanimous support from legislators. Read more …