The wisconsin biohealth tech hub governance project aims to establish tech hub-wide leadership, governance, and project management groups along with maintaining coordination across the tech hub…

Active Project Grant Awarded Last action

Award ID
ED24HDQ0G0399
Recipient
Awarding agency
Obligated
$4,415,337

Award facts

Assistance listing
11.039 Regional Technology and Innovation Hubs
Completion date 43% complete
Funding
  • $4,165,337.00 Federal
  • $250,000.00 Non-federal
Place of performance
Madison, WI 53711, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

Activities
Hire staff for project management and create infrastructure to govern the projects, timelines, budgets, goals, and metrics. Establish consistent meetings and consortium member processes, annual meeting planning, quarterly reporting and communication to all stakeholders and interested parties. Create a system for metric reporting, analysis, and progress toward tech hub goals. Media and communications for promotion, growth, and future investment opportunities for the tech hub. Reduce and anticipate any risk relating to security, budget, or project implementation by conducting annual risk mitigation reviews.
Expected outcomes
Standardize metrics reporting and progress toward project goals based on timelines submitted, develop processes to monitor budgets and project funding submissions, and create a centralized system to manage requirements outlines by MOU?s, LOI?s and guidelines. Increase the newsletter, media, and stakeholder engagements along with project goals, metrics, and detailed budgeting reports. Create a list of potential risks, annual trainings, and maintain goals for tech hub sponsorships, stakeholder growth, and investments in the biohealth industry regionally and state-wide.
Intended beneficiaries
The implemented leadership, governance, and project management structures will enable better coordination across stakeholders, data collection and analysis, communications, and risk management. The governance project will create engaging external outreach efforts and promote the hub?s efforts, informing partners, community members, and the workforce with hopes of minimizing risky threats and disasters.
Subrecipient activities
No subrecipient activities mentioned.

Quick answers

Who received award ED24HDQ0G0399?

ED24HDQ0G0399 was awarded to Bioforward, Inc. by Economic Development Administration (Department of Commerce) on September 1, 2024.

How much is award ED24HDQ0G0399 worth?

$4,415,337 has been obligated on ED24HDQ0G0399: $4,165,337 in federal funding and $250,000 in non-federal funding.

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