MEDICAL ALLEY, Minn. — Medical Alley is proud to celebrate Minnesota has been officially recognized by the Biden-Harris Administration and the U.S. Department of Commerce Economic Development Administration as one of 31 inaugural Tech Hubs across the United States to drive rapid growth in key technology sectors.
Medical Alley is a partner with MedTech 3.0; a consortium, which aims to position Minnesota as a global center for “Smart MedTech” by integrating artificial intelligence, machine learning, and data science into medical technology.
“We are deeply honored by this designation and the opportunity to work with so many great partners, including Medtronic, Mayo Clinic, the University of Minnesota, Boston Scientific, Allina Health and Medica,” Medical Alley President & CEO Roberta “Bobbie” Dressen said. “As the life science leader in MedTech 3.0, Medical Alley is committed to leveraging our global network and 40 years of expertise to activate and amplify healthcare transformation for the benefit of all.”
Medical Alley will support the execution of MedTech 3.0, including connecting, convening, and specialized consulting services, to include:
- The resources of Medical Alley Starts to source investment capital, strategic partners, and key talent needs of companies
- The network of the Medical Alley platform, that annually provides more than 10,000 referrals and introductions to accelerate innovative solutions
- The convening of global thought leaders to transform healthcare across the ecosystem
This designation is the first phase of the Tech Hubs program — created by the Chips and Science Act – to directly invest in high-growth regions with the potential to transform into globally competitive innovation centers. Designated Tech Hubs are now eligible to apply for up to $75 million in implementation grants.
Minnesota MedTech 3.0 — led by Minneapolis Saint Paul Economic Development Partnership — was selected from nearly 200 consortia that applied for designation. A Tech Hubs Designation is a strong endorsement of a region’s plan to supercharge a critical technology ecosystem and become a global leader over the next decade, according to the U.S. Economic Development Administration.
The 31 Tech Hubs focus on developing and growing innovative industries in regions across the country, including semiconductors, clean energy, critical minerals, biotechnology, precision medicine, artificial intelligence, quantum computing, and more.
For a full list of Tech Hubs, visit TechHubs.gov.
###
About Medical Alley®: Founded in 1984, Medical Alley represents one of the most diverse and influential healthcare communities in the world. Our network of more than 800 partners spans the full continuum of care – from payers to providers to digital health, biotech, medical device and everything in between. Our mission is to elevate the Medical Alley region as the epicenter of health innovation and care.
