US government launches 31 tech hubs

The US government has announced the launch of 31 tech hubs across the country to encourage innovation in a variety of sectors.

The hubs will focus on a number of industries including semiconductors, clean energy, critical minerals, biotechnology, precision medicine, artificial intelligence and quantum computing.

The government said these tech hubs, which are eligible for $500 million in federal funding, will increase investment into industries which will improve economic growth, national security and job creation.

Around 370 organisations from across 49 states and four territories have applied for the programme. The government added that the aim of the scheme was to “represent the full diversity of America” and encourage growth away from cities on the US coasts.

The US government said that the tech hubs will receive a variety of support measures including technical assistance from government agencies, follow-on funding and support to apply for direct foreign investment.

In addition to the 31 tech hubs, the Department of Commerce is awarding 18 coalitions Strategy Development Grants to build economic development plans to compete for future rounds of the programme.

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