Bioscience & technology business center (btbc) will strengthen and expand its economic development coalition model and enhance its mission through the creation of the KU innovation park, a…

Ended Project Grant Awarded Last action

Award ID
ED21HDQ0240068
Recipient
Awarding agency
Obligated
$3,001,019

Award facts

Assistance listing
11.024 BUILD TO SCALE
Completion date
Funding
  • $1,500,000.00 Federal
  • $1,501,019.00 Non-federal
Place of performance
Kansas, USA

Award details come from USAspending.gov.

About this award

The Bioscience and Technology Business Center, Inc. (BTBC) will receive $3 million under a Project Grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE federal grant program. BTBC will strengthen its economic development coalition model and enhance its mission through the creation of the KU Innovation Park, a university-affiliated research park on the University of Kansas campus in Lawrence. Through its new Innovation-to-Industry Cluster Accelerator program, BTBC will systematize and scale its existing cluster-focused development strategy by creating hubs of research and commercialization resources around specific areas of technological innovation. University researchers, students, entrepreneurs, and public and private economic development resources will be tightly coordinated through these innovation hubs to develop innovative technology solutions for specific market needs. The grant period runs from October 1, 2021 through September 30, 2024.

Description

Bioscience & technology business center (btbc) will strengthen and expand its economic development coalition model and enhance its mission through the creation of the KU innovation park, a university-affiliated research park on the university of kansas campus in lawrence. To facilitate the rapid growth of the park and to support its mission, btbc will formalize and expand its innovation, commercialization, and entrepreneurship support services under a new program: the innovation-to-industry cluster accelerator (I2I). Through I2I, the park will systematize and scale btbc's existing cluster-focused development strategy by creating hubs of research and commercialization resources around specific areas of technological innovation. Through these innovation hubs, university researchers, students, entrepreneurs, and public and private economic development resources will be tightly coordinated. Around the development of innovative technology solutions for specific market needs.

Quick answers

Who received award ED21HDQ0240068?

ED21HDQ0240068 was awarded to Bioscience And Technology Business Center, Inc. by Economic Development Administration (Department of Commerce) on October 1, 2021.

How much is award ED21HDQ0240068 worth?

$3,001,019 has been obligated on ED21HDQ0240068: $1,500,000 in federal funding and $1,501,019 in non-federal funding.

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