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Seager pitches $20M Innovation Fund and $30M life-science investment to spur startups and manufacturing
Summary
DCED Secretary Seager told the House Appropriations Committee the proposed $20M Innovation Fund (tech-transfer challenge grants, venture studios, SBIR/STTR matches) plus a $30M one-time life-science fund aim to accelerate commercialization statewide, with challenge grants and matching to de-risk manufacturing and expand clinical-trial capacity.
Secretary Seager outlined the administration—s planned Innovation Fund and a one-time life-sciences investment during a House Appropriations Committee hearing.
Seager said the $20 million Innovation Fund would target four priorities: tech-transfer challenge grants to speed university commercialization, a venture-studio model for company creation, matching for federal SBIR/STTR awards at a 25% level, and matching…
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