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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