Forward BIOLABS’ Post

I believe that Government funding to drive innovation is a vital initiative, for the US. However, I'm puzzled as to why this isn't structured as a public/private partnership model. The larger tech firms already have significant incubation funds that surpass the scale of this initiative. A Federally driven public/private partnership would create a more substantial impact and attract talent, ultimately motivating communities to evolve into technology-friendly markets. This approach could significantly enhance the development of local technology ecosystems. Read more about this funding initiative here: https://lnkd.in/gReJt-DT. #Innovation #GovernmentFunding #PublicPrivatePartnership #TechnologyDevelopment #TechIndustry #EconomicGrowth

Federal government research spending is a story of geographic winners and losers.   A great Thesis Driven article this week delves into the one of the fed's latest efforts to boost growth from the ground up: the NSF and Commerce Department's Emerging Innovation Engines program: a CHIPS act-funded initiative that will seed ten regions across the country in their efforts to become innovation hubs for research, tech commercialization, and workforce development.   It's quite similar to another of the Commerce Department's initiatives: the Tech Hubs program, also CHIPS acted-funded and also focused on identifying regional centers primed for tech innovation and job creation. Late last year, Baltimore earned one of the coveted 'Tech Hubs' distinctions (one of 31 out of nearly 400 applicants) making it eligible to receive a share of $500m in initial implementation funding to be announced this summer ($10b in total is earmarked for the program over the next five years).   The takeaway here for real estate investors is, of course, to follow the (federal grant) money. I'm an unabashed Baltimore evangelist, perhaps at times taking a too-rosy view of my adopted home; however, Brad Hargreaves makes an excellent argument about why federal investment at the local level can have outsized impact. Baltimore is a geographically strategic city with a strong healthcare and biotech ecosystem buttressed by one of the top research universities in the country. I remain bullish on this great American city. Here's just another reason to join me. https://lnkd.in/eEFk4t8y #realestate #baltimore #innovationengines #techhubs

"Authorized by President Biden’s CHIPS and Science Act, the Tech Hubs program brings together companies, state, local, and Tribal governments, institutions of higher education, labor unions, and nonprofit organizations around a common vision for regional economic growth. These Tech Hubs will ensure that the benefits of innovation and technology development, which for too long have been concentrated in a few coastal cities, reach rural, industrial, and disadvantaged communities, growing regional economies from the bottom-up and the middle-out. Tech Hubs are a flagship example of the President’s place-based approach; emphasizing that America’s economy is stronger when we invest in communities rather than leave them behind. ... Today’s (2 July 2024) announcement will designate 12 winners of implementation grants of up to $51 million each to help accelerate and grow industries in these regions. These awardees span 14 states: Colorado, Florida, Georgia, Illinois, Indiana, Montana, Nevada, New Hampshire, New Mexico, New York, Ohio, Oklahoma, South Carolina, and Wisconsin." Fact Sheet: Biden-⁠Harris Administration Announces Investment in Twelve Regional Technology Hubs, Creating Good-paying Jobs and Driving Economic Opportunity and Innovation in Communities Across the Country, 2 July 2024, https://lnkd.in/gC6zMq7F

Today, the Biden-Harris Administration, through the U.S. Department of Commerce's U.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. The #TechHubs Program is a flagship initiative of President Biden’s Administration to invest in and grow the economies in communities across the country. https://ow.ly/KefB50Su2bk

Today, the U.S. Economic Development Administration announced Tech Hubs Phase II funding: https://lnkd.in/ei6d_4bp A total of $504 million in funding was announced for 12 Tech Hubs. The South Florida ClimateReady Tech Hub, led by Miami-Dade County, gets $19.5 million for novel sustainable, durable, resilient, infrastructure; workforce development; start-up support, among other topics. Of this, ~$2.3 million goes to the University of Miami, led by me at the University of Miami College of Engineering and Michael Berkowitz at the University of Miami Climate Resilience Academy. For the sustainable, durable, resilient infrastructure project, we collaborate with Florida International University, Carbon Limit, Titan America, among others. Some more links: https://lnkd.in/eD22tpAa https://lnkd.in/eSuywGN6 Francesca de Quesada Covey, Galen Treuer, Jenn Baez, Michael Berkowitz, Landolf Rhode-Barbarigos, Norma Kenyon, Joanna de Velasco, Pratim Biswas, Tim Sperry, Jitendra Jain, Christina Stavridi, Emily Furton, William Anderson, Eric Koehler, Nima Hosseinzadeh, Ph.D. and I'm sure I'm forgetting many others. Edit: I posted this pretty quickly and I think I glossed over how big of a win this is for the region. The way it is designed, this opportunity will create jobs, educate, and advance materials/technology far beyond what $19.5 million would usually do. I say this because we will foster partnerships and raise a lot more money and resources that the $19.5 million will seed. I truly think that this is a transformational, once in a lifetime opportunity.

Collaborations in the professional world are crucial for fostering innovation, enhancing communication, and preparing individuals for real-world challenges. They enable seamless communication and real-time collaboration across geographical boundaries, making them indispensable in today's digital transformation era.

Last week the U.S. Department of Commerce Economic Development Agency, led by Secretary Gina Raimondo, announced the Tech Hub finalists, https://lnkd.in/g5ZrHP2e This represents an important economic development 'game-changer' for the cities, states and regions awarded. These 'innovation hubs' will become epicenters of economic development attracting businesses and creating new ones, advancing research, providing educational resources and most importantly, attracting and retaining talent. Similar to well-known hubs such as Silicon Valley, each of these has the opportunity to develop into a global epicenter in their respective area. The seeds are planted.... #techhubs #economicdevelopment #innovation

This week the White House announced: 12 Regional Technology and Innovation Hubs (Tech Hubs) to accelerate the growth of innovative industries. ($504 million in funding) 1. $41 million in Tech Hubs awards serving Colorado and New Mexico 2. $41 million in Tech Hubs awards serving Montana 3. $51 million in Tech Hubs awards serving Indiana 4. $51 million in Tech Hubs awards serving Illinois. 5. $21 million in Tech Hubs awards serving Nevada. 6. $40 million in Tech Hubs awards serving New York. 7. $44 million in Tech Hubs awards serving New Hampshire. 8. $45 million in Tech Hubs awards serving South Carolina and Georgia. 9. $19 million in Tech Hubs awards serving Florida. 10. $51 million in Tech Hubs awards serving Ohio. 11. $51 million in Tech Hubs awards serving Oklahoma. 12. $49 million in Tech Hubs awards serving Wisconsin. Authorized by President Biden’s CHIPS and Science Act, the Tech Hubs program brings together companies, state, local, and Tribal governments, institutions of higher education, labor unions, and nonprofit organizations around a common vision for regional economic growth. https://lnkd.in/eNKtCDpQ

Are you a small or medium-sized Ontario business interested in adopting technology? Ontario Centre of Innovation’s Digital Modernization and Adoption Plan (DMAP) program stream has reopened for applications until the funding is exhausted, so please apply ASAP! I'm happy to help you every step of the way! The Digital Modernization and Adoption Plan (DMAP) program supports Ontario SMEs as they strive to better understand their organization’s technology needs, guide their digital transformation, and optimize their technology investments. Through DMAP, your company’s work with a Digital Adoption Consultant is supported to generate a Digital Modernization and Adoption Plan tailored specifically to your organization’s digital needs. BEST SUITED FOR: - SMEs looking to understand their digital needs and then adopt and implement digital technologies to grow their company - Ontario-based for-profit SMEs with between 1-499 employees Please reach out to me (geoff.wright@ontario.ca) to learn more and see if this program might be a fit for your business's project. Digitalization Competence Centre - Ontario Centre of Innovation (oc-innovation.ca)

A strong innovation economy benefits everyone. Here are key strategies for translating STEM research into market-ready solutions to advance global competitiveness, economic growth, climate resilience, and health outcomes in the U.S. #DayOne2025 #InnovationEconomy #LabtoMarket