EDA Tech Hubs Program - Securing $180 Million for Three Diverse Consortia
Challenge:
The U.S. Economic Development Administration’s (EDA) Tech Hubs grant program aimed to invest in regions with the potential to become globally competitive technology hubs.
GTC 360° Advisors simultaneously supported three consortium applications: Elevate Quantum in Colorado and New Mexico, Heartland BioWorks in Indiana, and Advanced Manufacturing of Critical Materials Consortium in Utah. The challenge was to develop compelling applications in a highly competitive environment to secure substantial funding for these regions to lead in quantum technology and sustainable biotechnology.
Our Solution:
GTC 360° Advisors played a critical role in strategic planning, consortium development, and comprehensive proposal writing and management for all three consortia:
- Elevate Quantum: GTC 360° Advisors led full scope grant strategy and writing for a consortium of 70+ organizations across multiple states. Our team helped recruit key partners and crafted a strategy that focused on accelerating lab-to-market technologies, establishing quantum labs, and fostering a diverse workforce.
- Heartland BioWorks: We spearheaded the workforce development-focused application, highlighting the consortium’s ability to build a sustainable biotechnology supply chain.
- Advanced Manufacturing of Critical Materials Consortium: Our team developed a strategy to strengthen the domestic supply chain of critical materials that are essential to produce clean energy technologies and support U.S. national security objectives.
GTC 360° Advisors secured $180M in total funding for these transformative projects.
- Elevate Quantum: The consortium, consisting of stakeholders from Colorado, New Mexico, and the Mountain West, secured $128M, including $41M from the EDA, $77M from Colorado, and $10M from New Mexico. The project is expected to create 10,000 jobs, provide skills training for 30,000 workers, and reduce time-to-market for quantum technologies.
- Heartland BioWorks: Heartland BioWorks received $51M from the EDA for four key projects, including workforce development and entrepreneurial ecosystem building. The Consortium will develop a robust biotechnology supply chain in Indiana, connecting under-resourced workers to high-quality jobs and fostering innovation in bioproducts.
- Advanced Manufacturing of Critical Materials Consortium: The Critical Materials Consortium received $491,710 to develop a regional strategy to advance the production and manufacturing of critical minerals needed for clean energy technologies, many of which lack any domestic production presence.
