The Chips and Science Act
Regional Technology and Innovation Hubs
$10 Billion has been authorized through the Department of Commerce’s (DOC) Economic Development Administration (EDA) for regional consortia to direct a Regional Innovation Strategy.
Transforming Houston into a Highly-Skilled Global Technology Hub
Strategic Framework
01
Investment
02
Technology Development
03
Infrastructure
04
Business & EntrepreneurialDevelopment
05
Workforce Development
06
Community Impact
Houston's Opportunity
The primary focus of the Regional Tech Hub grant per the CHIPS Act is to create a sustainable tech ecosystem that includes innovation investments, mass job training and shifts in the curriculum.
Understanding the Program:
CHIPs Act
$10 Billion has been authorized through the Department of Commerce’s (DOC) Economic Development Administration (EDA) for regional consortia to direct a Regional Innovation Strategy.
$10 Billion Broken Down:
$50M to award development grants
$2.95B to award strategy implementation grants from FY23 – FY24
$7B to award strategy implementation grants from FY25 - FY27
Grant Requirements:
Per the law, the consortium must include:
1. Institutions of higher education
2. Relevant Private Sector Companies
3. State and Local Government
4. Labor Organizations or Workforce Training Organizations, which may include State and Local Workforce Development Boards
5. Economic Development Organizations focused on improving technology, innovation, entrepreneurship, and/or access to capital
Application Deadline:
August 15, 2023
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