Minnesota MedTech Hub 3.0 Designated a Tech Hub by EDA to Boost Innovation
TL/DR –
Eric Smith of the U.S. Department of Commerce visited the Minnesota MedTech Hub 3.0 (MMT3.0), which was designated a Tech Hub by the Biden-Harris Administration in October 2023. The MMT3.0 aims to become a global leader in Smart MedTech through the integration of artificial intelligence, machine learning, and data science into medical technology. The Tech Hubs Program, funded with $10 billion, is part of a broader strategy to advance US leadership in critical technologies and industries and support economic growth and national security.
Eric Smith Visits Minnesota MedTech Hub 3.0 as a Designated Tech Hub
Eric Smith, Acting Deputy Assistant Secretary for Policy at the U.S. Economic Development Administration, visited Minnesota MedTech Hub 3.0 (MMT3.0) in Minneapolis. The EDA, under the Biden-Harris Administration, recognised MMT3.0 as a Tech Hub in October 2023.
Minnesota MedTech Hub 3.0: An Emerging Global Leader in MedTech
The MMT3.0 merges artificial intelligence, data science, and machine learning into medical technology, solidifying its global leadership in Smart MedTech. Eric Smith collaborated with the Tech Hub to enhance their strategy, aiming to bolster its MedTech ecosystem and foster innovation across the region.
Tech Hubs Program: Boosting U.S. Security and Global Competitiveness
The Tech Hubs Program is a flagship initiative for advancing U.S. supremacy in critical technologies and industries. MMT3.0’s designation as a Tech Hub endorses the region’s plan to boost its technology ecosystem and become a pioneer in smart medical technologies.
Secretary of Commerce Gina Raimondo on Tech Hubs Program
“MMT3.0 exemplifies the Tech Hubs Program’s mission to transform centers of excellence into world-class tech ecosystems via targeted investments,” stated Secretary of Commerce Gina Raimondo. She emphasized the importance of the Tech Hubs Program in ensuring vital tech industries originate and expand in the U.S., expressing her commitment to future funding rounds and collaboration with lawmakers to secure additional federal resources.
Tech Hubs Program: Fueling American Innovation
With $10 billion authorized in the bipartisan CHIPS and Science Act, the Tech Hubs Program aims to accelerate the development and deployment of innovative technologies, resulting in the formation of new companies and job creation.
Get more information about the Tech Hubs program at TechHubs.gov.
About the U.S. Economic Development Administration
The U.S. Economic Development Administration leads the federal economic development agenda to enhance competitiveness and prepare the nation’s regions for growth and success in the global economy. The EDA invests in communities, supports regional collaboration, creates jobs for U.S. workers, promotes American innovation, and accelerates long-term sustainable economic growth.
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