President Barack Obama announced a $70 million federal award Monday to a nonprofit co-founded by UCLA to create a nationwide Smart Manufacturing Innovation Institute, with the goal of improving the efficiency of advanced manufacturing.
The institute will be headquartered in downtown Los Angeles in partnership with the city, led by the Smart Manufacturing Leadership Coalition and supported by UCLA’s leadership. It will include a national network of five regional manufacturing centers funded by $70 million from the U.S. Department of Energy and more than $70 million in matching funds from many of the institute partners.