💸 iFAB Tech Hub has been awarded approximately $51 million to enhance biomanufacturing and precision fermentation capabilities in Central Illinois. Learn more → https://bit.ly/3LhlbKV Awarded by the U.S. Department of Commerce Economic Development Administration (EDA) in the form of an implementation grant, the funding will help position Central Illinois as a global leader in biomanufacturing and precision fermentation, supporting national security, economic growth, and job generation. The funding is part of the Biden-Harris Administration’s Tech Hubs Program, a national initiative aimed at investing in and growing regional bioeconomies and workforce development in critical technologies across the country, and follows $680 million in funding announced earlier this year. “Central Illinois is uniquely positioned to lead the way in biomanufacturing, leveraging an ecosystem of industry leaders, innovative startups, world-class R&D, scalable infrastructure, abundant feedstock production, and robust transportation networks,” said iFAB leader Nicole Bateman, president of the Economic Development Corporation of Decatur & Macon County. It's truly energizing to see continued substantial public support for #alternativeproteins to foster vibrant regional bioeconomies in the Midwest. 👏
Congratulations to everyone involved! Integrated Bioprocessing Research Laboratory Beth Conerty Brian Jacobson
Yes! 💡 "...these efforts could revolutionize domestic manufacturing." 🤩 "The precision fermentation industry is projected to reach $200 billion by 2040, with the potential to generate one million jobs by 2030."