The Biden administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), designated the ReGen Valley Tech Hub in Manchester as one of the 31 inaugural Tech Hubs in regions across the country that show potential for rapid growth in key tech sectors.
The ReGen Valley Tech Hub is a consortium led by the Advanced Regenerative Manufacturing Institute, with a goal of developing NH into a global leader in biofabrication.
This designation is part of the first phase of the Tech Hubs program, authorized by the CHIPS and Science Act, that will invest directly in high-potential U.S. regions to transform them into globally competitive innovation centers. Designated tech hubs areeligible to apply for the next phase of the Tech Hubs Program that will invest between $50 million and $75 million in each of five to 10 Designated Hubs.
“I’m thrilled that the ReGen Valley Consortium has earned the Tech Hub designation from the Economic Development Administration (EDA), which will accelerate Southern New Hampshire’s leadership in regenerative medicine, create more good jobs and ensure the life-saving therapies of the future are developed at home – right here in New Hampshire,” says NH Sen. Jeanne Shaheen. “This designation now makes ReGen Valley eligible to compete for additional federal funding to implement its vision to become the world’s biofabrication leader. As Chair of the U.S. Senate Appropriations subcommittee that funds the EDA, I’ll continue supporting EDA programs as they help promote our state and country’s leadership in next-generation technology and research, which are critical for our economic and national security.”
The 31 Tech Hubs were selected from 198 applications from regional consortia that include industry, academia, state and local governments, economic development organizations, and labor and workforce partners. The Tech Hubs span regions across 32 states and Puerto Rico and represent a cross section of urban and rural regions.
For a full list of Tech Hubs, visit TechHubs.gov.