U.S. Consortium Commits $317 Million for Advanced Textiles Development
A newly-announced private/public collaboration will invest $317 million towards developing the next generation of textile innovations in the United States.
According to a statement from the U.S. Department of Defense, a consortium of 89 manufacturers, universities, industry and non-profits organized by the Massachusetts Institute of Technology will form the New Revolutionary Fibers and Textiles Manufacturing Innovation Hub. The consortium – operating as Advanced Functional Fabrics of America – will be leading the research work, under the management of the U.S. Army.
The U.S. Department of Defense will invest $75 million in the program, which will be combined with nearly $250 million in contributions from non-federal entities to fund the next generation fiber-textile chain research. Leading technology firms such as Bose, Intel and many innovative textile companies are involved in the effort.
The new revolutionary fiber institute is the eighth manufacturing innovation hub initiative by President Obama administered through the U.S. Department of Defense. These institutes are aimed at developing high-tech sectors in the U.S. to enable them to be competitive, especially in the manufacturing sector.
(Additional information about this program can be found in a Fact Sheet issued by the White House)