Wisconsin Biohealth Tech Hub Wins $49M Grant
Milwaukee’s tech scene is set for a major transformation! The Wisconsin Biohealth Tech Hub has secured a $49 million federal grant, a significant award that will drive innovation and economic growth in the region. This funding will revolutionize healthcare through advanced biohealth technologies. Here’s what this means for you and what it means for the future of tech in Wisconsin.
WHAT’S THE BUZZ ABOUT?
After a rigorous selection process, the Wisconsin Biohealth Tech Hub has secured a substantial federal grant. This funding will support transformative projects aimed at advancing personalized medicine, enhancing healthcare outcomes, and driving economic development across the state.
With the recent Phase 2 award, the total funding and commitments have surpassed $80 million. This investment will accelerate cutting-edge research and development in biohealth technologies, putting Wisconsin at the forefront of healthcare technology (or HealthTech) to enable people to receive the care they need earlier and faster.
WHY THIS MATTERS
Catalyzing Innovation
With the new funding, the Wisconsin Biohealth Tech Hub can invest in advanced technologies, fostering an environment where innovative ideas can flourish. This is a magnet for tech enthusiasts and professionals who thrive in a dynamic and forward-thinking setting.
“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,” said Wendy Harris, Regional Innovation Officer of Wisconsin Biohealth Tech Hub.
Economic Growth
The award will spur economic development in the state, creating jobs and opportunities in HealthTech within the next decade. Early projections estimate up to 30,000 quality jobs created and as much as $9 billion in regional GDP growth, pending full funding of the projects. Wisconsin is poised to become a global leader in biohealth innovation and economic development. For those looking to build their careers, this means more options in a promising field.
Attracting AI Talent
The focus on biohealth tech is particularly appealing for AI experts. The integration of AI in healthcare is a hot field, and Milwaukee is positioning itself as a leader. Together with Microsoft’s investment in Wisconsin, AI talent will find exciting challenges and the chance to work on cutting-edge projects that make a real difference.
WHY CHOOSE MILWAUKEE?
Milwaukee’s rapidly growing tech scene is fueled by exciting new investments and a supportive network of startups, established companies, and research institutions. The largest city in the state offers an excellent balance of work and lifestyle, a lower cost of living than other tech hubs, and access to diverse cultural and recreational activities. With a strong community connection, the MKE Tech Hub Coalition and other local organizations are dedicated to supporting tech talent, providing the necessary resources and connections to ensure success.
JOIN THE REVOLUTION
This new funding is more than just a financial boost; it’s doubling down on our state’s position as a top-tier tech destination and a major player in the up-and-coming industry of HealthTech and AI. Whether you’re a tech entrepreneur, healthcare worker, or someone passionate about innovation and HealthTech, Milwaukee welcomes you to be part of its exciting journey.
READY TO MAKE A MOVE?
Explore opportunities in Milwaukee and see how you can be part of the city’s tech revolution. With a supportive community and a bright future ahead, there’s no better time to be a part of the Milwaukee tech scene.