Last week, a Senate committee heard Commerce Secretary Gina Raimondo and National Science Foundation Director Sethuraman Panchanathan discuss CHIPS & Science Act program implementation (similar to a September hearing in the House).

As part of the CHIPS & Science Act, Congress created the Tech Hubs program to help more regions become leaders in key technology sectors through substantial investments into regional consortia. It authorized spending $10 billion on the program from FY2023 through FY2027. But appropriations for the program are not keeping up with the vision that was embraced by strong bipartisan majorities in both chambers. For FY2023, Congress appropriated $500 million for the program, and it followed that up with only $41 million for FY2024. The need for the program has not changed.

SSTI has updated its Key Technology Area Investment Data Tool with new and refreshed data spanning January 1, 2013, through June 30, 2025. The tool comprises two interactive visuals and uses Pitchbook technology verticals selected to align with many of the key technology focus areas (KTFAs) defined in the CHIPS and Science Act of 2022 (CHIPS).

The U.S. National Science Foundation (NSF) is requesting information from the public to help shape potential future updates to its Key Technology Focus Areas (KTFAs). NSF’s KTFAs directly influence and shape innovation- and economic development-related programs.

The new Tech Hub awards from EDA and the National Science Foundation’s (NSF) Regional Innovation Engines (Engines) program support regions advancing a critical technology area with existing traction in their region but for proposers, identifying such areas is often challenging.

The Economic Development Administration’s (EDA) Regional Technology and Innovation Hubs (Tech Hubs) and National Science Foundation’s (NSF) Regional Innovation Engines (Engines) programs require regions to advance a critical technology area that already has traction in their region.