71 Teams Seek CHIPS Act Funds To Grow Tech Sectors. Will Congress Act?
Article/Op-Ed in Forbes
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Oct. 30, 2024
Shalin Jyotishi wrote an article in Forbes exploring how 71 regional teams are competing for CHIPS Act funding through the U.S. National Science Foundation to advance tech innovation and economic growth. Jyotishi highlights the pressing need for Congress to ensure long-term funding to support these initiatives in fields like biotech and energy, as local leaders and businesses push for sustained investment.
The U.S. National Science Foundation (NSF) has announced that 71 cross-industry regional teams across nearly all U.S. states and territories are advancing in the NSF’s Regional Innovation Engines competition, a key industrial policy program authorized under the bipartisan CHIPS and Science Act of 2022.
The program offers up to 10 years of funding to regional consortia, which include universities, companies, government bodies, and other organizations focused on R&D and STEM. These consortia aim to drive local innovation, entrepreneurship, workforce development, and job creation in emerging technology fields, especially in regions positioned to lead globally.
Earlier this year, First Lady Biden and NSF Director Sethuraman Panchanathan announced the inaugural ten NSF Engine awards at Forsyth Technical Community College. The initial ten NSF Engines operate in spanning eighteen states, from Arizona to Texas and Florida.