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UVM, tech-hub partners ask committee for $1 million to subsidize prototyping costs for Vermont semiconductor startups
Summary
University of Vermont officials and tech-hub partners told the Commerce & Economic Development Committee that a $23.5 million federal award did not fund the GlobalFoundries prototyping component, and they asked for a $1 million state subsidy over two years to lower prototyping costs for Vermont companies.
University of Vermont officials and regional tech-hub partners told the Commerce & Economic Development Committee that a federal Economic Development Administration award of $23.5 million fell short of the hub’s full $37 million request and did not fund the prototyping component hosted at GlobalFoundries. The university asked the committee to consider $1 million in state funds, spread over two years, to subsidize prototyping costs for Vermont-based companies.
Why it matters: hub leaders said the tech hub blends workforce development, high-performance computing and prototype fabrication to help small companies design, build and test advanced semiconductor and power-electronics devices. Officials said the federal award covered workforce and computing elements but the GlobalFoundries prototyping work remains underfunded; state funds would lower the extreme per-project…
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