The STEM Talent Challenge provides ecosystem builders with a unique opportunity to develop innovative projects that strengthen local and regional STEM talent pipelines
Are you seeking an opportunity to make a meaningful difference in your community's STEM workforce development? The Economic Development Administration (EDA) has introduced the 2023 STEM Talent Challenge, a program focused on supporting innovative projects that strengthen local and regional STEM talent pipelines. With significant funding available, this initiative offers a practical approach to enhancing your community's future. Keep reading to learn more about this important opportunity and how you can become a part of it.
The STEM Talent Challenge is an initiative by the U.S. Economic Development Administration (EDA) that focuses on creating innovative, sustainable, and results-driven projects to improve local and regional STEM talent pipelines. The program fosters collaboration between educators, industry leaders, and workforce development stakeholders to create sustainable, inclusive, and high-impact strategies that bridge the gap between the supply and demand for STEM talent.
For the 2023 STEM Talent Challenge, the EDA is providing up to $4.5 million in grant funding - with individual awardees receiving up to $500,000, depending on the project's scope and impact. The funding will be allocated to projects that develop new or expand existing STEM talent pipelines, focusing on areas with high demand for STEM jobs, underrepresented populations, or economic distress.
Eligible applicants for the STEM Talent Challenge include:
To apply for the STEM Talent Challenge, applicants must submit a comprehensive proposal that includes:
Now, let's talk about how our EcoMap platform, particularly its Workforce Hub, can be a game-changer for potential STEM Talent Challenge applicants.
The EDA outlined in its webinar for this challenge that technology infrastructure and business support are key rungs in the pyramid upon which a healthy ecosystem is built upon. A strong proposal will need to have a solid response for how they can incorporate these two rungs into their proposed solution.
We built the Workforce Hub as a module on our EcoMap platform that focuses on workforce development within a local ecosystem. This specialized hub provides detailed information on job opportunities, training programs, educational institutions, and other resources that can help connect + cultivate your ecosystem's workforce. This technology has been able to help everyone local EDOs to statewide bioscience associations to national non-profit fellowship organizations.
Here's how the Workforce Hub can help you meet the STEM Talent Challenge criteria:
The 2023 STEM Talent Challenge is an incredible opportunity for ecosystem builders to contribute to the growth and prosperity of their community by developing a vibrant and inclusive STEM talent pipeline. With the help of the EcoMap platform and its Workforce Hub, you can streamline your efforts and increase your chances of success with by building on a strong foundation of technology infrastructure and business support.
If you're interested in exploring what EcoMap could do for you ahead of the June 12th application deadline, book a time through our calendar below: