The Wisconsin BioHealth Tech Hub is set to get about $49 million to boost technological innovation, the U.S. Dept. of Commerce’s Economic Development Administration announced today.

The state was previously allocated $350,000 in planning funds for the public-private partnership. The latest investment is part of $504 million in implementation grant funding for distribution to 12 tech hubs across the United States. The implementation grant amounts will be finalized in the coming months.

U.S. Sen. Tammy Baldwin, D-Madison, in a press call with Missy Hughes, CEO of the Wisconsin Economic Development Corporation, and Lisa Johnson, CEO of Madison-based BioForward Wisconsin, said the effort “has the potential to revolutionize healthcare as we know it.”

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