Two Philly-area groups vie for new federal regional tech hub designation

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Two Philly-area groups vie for new federal regional tech hub designation
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Under the CHIPS and Science Act, the U.S. Commerce Department will award 20 or more winning regions $50 million to $75 million to create globally competitive industry clusters.

Two Philly-area groups focused on biotechnology and precision medicine want to win a new federalunder a U.S. Department of Commerce program that aims to boost the country’s global competitiveness.

Here’s an overview of the two Philadelphia-area corsortia that completed the first stage of the application process by the Tuesday deadline: Green said the Ben Franklin consortium, which has more than 50 members, would work on supply chain and manufacturing issues in the production of cell and gene therapies and other advanced treatments, as well as on distribution.

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