Wisconsin Economic Development Corporation’s Post

🏆 Big Win for Wisconsin’s Biohealth Field! 🏆 We are ecstatic to announce that Wisconsin has been named one of 12 regional tech hubs in a nationwide competition, securing $49 million in federal funding to advance biohealth manufacturing, medical research, and job growth in the Milwaukee-Madison region. Our ambitious goal: Create up to 30,000 jobs and drive $9 billion in economic growth over the next decade. With support from the state of Wisconsin, industry partners like GE HealthCare, and local leaders, this funding will expand our region's biohealth capabilities and solidify our position as a global leader in the industry. Key highlights: $49 million in federal funding $7.5 million from the state of Wisconsin $24 million from private and industry groups Total funding: nearly $80 million Wendy Harris, our Regional Innovation Officer, along with our dedicated team and partners, played a crucial role in this achievement. As Harris aptly put it, "We already have great companies here, and we want to expand on that along with all the other biohealth industries in Wisconsin." We are grateful for the support from Senator Tammy Baldwin and the bipartisan CHIPS and Science Act, which helped make this possible. This milestone underscores Wisconsin's rich history of innovation and manufacturing, setting the stage for an exciting future in biohealth. Read the full story here: https://lnkd.in/gKRGMgMr #WIBiohealthTechHub #Innovation #EconomicGrowth #PersonalizedMedicine

🤔 What you need to know about Clinical trials for MedTech technology 🏥 💉 Yesterday we experienced another MedTech Building Blocks 🛠 session. This time we dived into the pivotal world of clinical trials for medical technology. As our healthcare system evolves at lightning speed, the demand for medical devices continues to surge. Transforming these devices from mere concepts into market-ready solutions crucially depends on the power of clinical trials. Maroeska Rovers, Scientific Director at the TechMed Centre - University of Twente illuminated the importance of clinical studies in bringing innovations closer to patients. Maroeska imparted a compelling takeaway: “It is never too early to evaluate a MedTech innovation.” This wisdom encourages us to engage in evaluations to fast-track success proactively. Gerdienke Prange-Lasonder, Senior Researcher at Roessingh Research and Development shared pragmatic insights into the clinical evaluations of medical devices. And gave us a crucial piece of advice: thorough preparation of your trial might take longer than expected, but it will ultimately conserve both time and effort. A big thank you 🙏 to Maroeska and Gerdieneke for sharing your insights on this topic with the members of our community. And thanks Erwin Holtland for moderating this session. Together let’s advance towards a future where innovative medical technologies enhance lives, one breakthrough at a time! 🚀 #medtech #twente #accelerating #innovation #clinicaltrials #sharing

Come join us! Next week in our Boston office we’re holding the first event in our Rearchitecting Healthcare series. Meet Dr Shriya Srinivasan, Assistant Professor of Bioengineering, Harvard School of Engineering where she directs the Harvard Biohybrid Organs and Neuroprosthetics (BIONICS) lab. Shriya is also a principal engineer at Cambridge Consultants. As Shriya states: “We need to consider revamping the entire reimbursement structure such that there are incentives to keep patients out of the hospital rather than continuous visits. What if clinics were reimbursed based on holistic care - how healthy a group of patients were instead of 1-on-1 interventions and outcomes?” Join us on February 27 here in Boston to hear from Shriya and our other prominent panelists how we might begin to rearchitect the healthcare workflow to create a pathway focused on patient lived experiences and improved outcomes rather than symptoms. Register now: https://hubs.li/Q02lQ3dJ0 #HealthCare #HealthTech #Event #Boston #MedicalInnovation #Biomedical Engineering

As we reimagine healthcare's future, it's unequivocally evident that Physicianeers and Physicianeurs are not just beneficial—they are indispensable. Their confluence promises a healthcare horizon that is technologically advanced, patient-centric, and rife with groundbreaking innovations. And as they rise, so will the standards of global healthcare, ensuring a brighter, healthier future for all.

@ https://lnkd.in/geUKNTue Future of Medicine: Bridging the Gaps Between Entrepreneurs, Engineers & Physicians. I do believe in their unification i.e., 2 or 3 in 1 via Physicianeers & Physicianeurs leading to PhysiAineers through Ai.

🎉 We Did It! 🎉 The Wisconsin Biohealth Tech Hub, led by BioForward Wisconsin, has secured a Phase 2 award of $49 million from the U.S. Economic Development Administration (EDA)! This brings our total funding and commitments to over $80 million, including state funding and industry contributions. This substantial investment will drive transformative projects in personalized medicine, enhance healthcare outcomes, and spur economic development across Wisconsin. With this funding, we are poised to: 🔬 Advance cutting-edge biohealth solutions 👩🔬 Boost research and expand lab space 🏫 Increase workforce development 💰 Improve access to capital for businesses “We are thrilled to receive a Phase 2 award for the Wisconsin Biohealth Tech Hub,” said Wendy Harris, Regional Innovation Officer. “This funding will enable us to accelerate the development and deployment of cutting-edge biohealth solutions, positioning Wisconsin as a global leader in personalized medicine.” “This Phase 2 award represents a significant opportunity for Wisconsin to showcase its strengths across many sectors of our biohealth industry and statewide manufacturing capabilities,” said Lisa Johnson, CEO of BioForward Wisconsin. We're on track to create up to 30,000 quality jobs and generate $9 billion in regional GDP growth within the next decade. Our collaborative efforts with industry partners, government officials, and stakeholders are key to positioning Wisconsin as a global leader in biohealth innovation and economic growth. Read the full press release: https://lnkd.in/g9MTEAxg Let's celebrate this incredible achievement together! 🚀 #WisconsinBiohealth #TechHubs #Innovation #EconomicGrowth #PersonalizedMedicine #BioForwardWisconsin Accuray, Employ Milwaukee , Exact Sciences, Forward BIOLABS, GE HealthCare, Madison Area Technical College, Madison Region Economic Partnership, Medical College of Wisconsin, Milwaukee Area Technical College, Milwaukee 7 , Plexus Corp., Rockwell Automation, Universities of Wisconsin, University of Wisconsin-Madison, University Research Park, Wisconsin Economic Development Corporation, WRTP | BIG STEP

🎉 Please join us in celebrating our team’s contribution to Philips' Moore4Medical project. Moore4Medical is a consortium comprised of 65 universities and research institutes, hospitals, and private enterprises with a mission to tackle the increasing cost of healthcare by reducing the need for hospitalization, developing personalized therapies, and realizing intelligent point-of-care diagnostic tools with emerging medical applications and technologies. 🇨🇭 Thank you to #ECSEL, Innosuisse, and State Secretariat for Education, Research and Innovation SERI for their continued support of emerging technologies, and to all the #Moore4Medical partners and contributors. 💡 Explore Claudio Calvaruso's full blog for a closer look into Inpher’s role in the Moore4Medical project and learn how privacy-enhancing technologies can be leveraged in medical risk prevention: https://lnkd.in/eeCtMm8a #PatientMonitoring #PrivacyEnhancingTechnologies