02 Jul Wisconsin Biohealth Tech Hub Secures Phase 2 Award, Catalyzing Innovation and Economic Growth

BioForward News, Wisconsin Biohealth Tech Hub

MILWAUKEE/MADISON, Wis — The Wisconsin Biohealth Tech Hub, led by BioForward Wisconsin, achieves a significant milestone as a Phase 2 recipient of the U.S. Department of Commerce’s Economic Development Administration (EDA) Regional Technology and Innovations Hub (Tech Hub) program, affirming Wisconsin’s leadership in biohealth technology and personalized medicine.

Following a rigorous selection process, the EDA has awarded the Wisconsin Biohealth Tech Hub with $49 million in federal grants to support transformative projects aligned with the program’s overarching goal. Alongside this, an additional $7.5 million in state funding and $24 million in industry commitments have been secured, bringing the total funding and commitments to over $80 million. This substantial investment will fuel projects to advance personalized medicine, enhance healthcare outcomes, and drive economic development across Wisconsin.

“We are thrilled to receive a Phase 2 award for the Wisconsin Biohealth Tech Hub,” said Wendy Harris, Regional Innovation Officer. “This funding will enable us to accelerate the development and deployment of cutting-edge biohealth solutions, positioning Wisconsin as a global leader in personalized medicine.” Read more…