The university-backed venture would also encourage more companies to set up nearby to benefit from its work.
The centre would house like-minded high technology firms and would also provide business support to them.
Talks have already been held with both Keele and Manchester Metropolitan universities to find out if they want to be involved with the centre.
Caroline Simpson, head of regeneration at Cheshire East Council, pictured, said: "The Innovation Centre is a key component of making Crewe an economic powerhouse. It aims to harness the growth potential of a knowledge-based economy to benefit the economy."
"It would seek to develop and use innovations in designs, products and techniques to give Crewe a competitive advantage in future investment in businesses, people and community infrastructure."
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