A group of Wisconsin businesses, universities and government agencies is one of 31 consortiums nationwide to win funding for development a regional technology hub.

The Wisconsin Biohealth Tech Hub, selected from hundreds of applications to the federal Regional Technology and Innovation Hubs program, will receive a $350,000 planning grant.

With the designation as a regional hub it now can apply for up to $70 million in federal funds to develop a network of companies, universities, investors and economic development agencies to accelerate advances in biotechnology and personalized medicine.

According to the Wisconsin Economic Development Corp., a partner in the initiative, the funding will position the consortium to “scale up operations to a global level” by sharing data and systems to drive innovation, developing supply chains that include rural and minority suppliers, and improving funding for startups and growing businesses.

[Adapted from: Wisconsin health sciences consortium gets federal innovation funds to accelerate biotech industry. Oct. 23, 2023, Milwaukee Journal Sentinel]