New Jersey has the ingredients to be a great hub for innovation and entrepreneurship but “its batting average is not as good as it should be,” says Sean O’Sullivan, founder of venture capital firm SOSV. Learn more at Innovation NJ update.

VC Founder Talks about Importance of Accelerators Sean O’Sullivan has only lived in New Jersey for two years, but the founder of Princeton-based SOSV, a venture capital and investment management firm, believes it is a state ripe for greater startup activity. “New Jersey has the ingredients to be a great hub, as it has been in the past, for innovation and entrepreneurship,” he said. “Today, its batting average is not as good as it should be.” O’Sullivan spoke at a New Jersey Tech Council event Thursday at the campus of the New Jersey Institute of Technology.

Secretary of Higher Education Rochelle Hendricks’ December Update Secretary of Higher Education Rochelle Hendricks’ latest blog has the most recent news from our universities and colleges. “As 2017 draws to a close, it is time for us to reflect on the progress we have made and the challenges ahead of us. A few weeks ago, my office hosted an event entitled, ‘65 by ’25… Many Paths, One Future: The Equity Imperative,’ at the Educational Testing Service (ETS) in Princeton. We heard an enlightening address from Dr. Michael T. Nettles, ETS senior vice president for research, and recognized four New Jersey programs for excellence and equity in education.”

Michael W. Klein Named Interim Director of William J. Hughes Center for Public Policy at Stockton University Stockton University has announced the appointment of Dr. Michael W. Klein as interim executive director of the William J. Hughes Center for Public Policy. He was approved by the University Board of Trustees at the Dec. 6 meeting. Klein is an expert on higher education policy with extensive experience in policy making in New Jersey. He is currently the executive director of the New Jersey Association of State Colleges and Universities, a nonprofit advocacy organization for New Jersey’s state colleges and universities.

Judith Sheft Honored by New Jersey Technology Council New Jersey Innovation Institute’s Associate Vice President of Technology and Enterprise Development Judith Sheft, has received the New Jersey Technology Council’s Martinson-Ballen Technology Supporter Award (named in honor of the Tech Council’s founder, John Martinson, and longtime president and CEO Maxine Ballen). The award was presented to Sheft for her enduring support of technology and technology-oriented startup ventures throughout the Garden State.

After 4 Years of Decline, Universities Report Increased Federal R&D Funding for FY 2016 For the first time in five years, federal funding for higher education research and development increased in both current and constant dollars, according to recently released data from the National Center for Science and Engineering Statistics within the National Science Foundation. In FY 2016, universities reported $72 billion in total R&D expenditures, a 4.8 percent increase from FY 2015. Of this amount, more than half (54 percent) came from the federal government. Institutionally financed research represented 16 percent, the second largest source of R&D funds at universities in FY 2016.

Database Aims to Keep Research Dollars in NJ New Jersey is aiming to recoup research dollars that are escaping the state and elevate its research institutes with a new database initiative announced Wednesday. The inaugural meeting of the New Jersey Research Asset Database board of advisors, which is currently under development, confirmed that Amsterdam-based Elsevier has been selected to build the platform that will connect the state’s companies with research opportunities with five New Jersey universities.

New Jersey Tech Council Names Wylei Innovative Tech Company of the Year Wylei Inc., an AI Predictive Content technology and marketing automation pioneer has  announced it is recognized by the New Jersey Tech Council as the 2017 Innovative Tech Company of the year at the 21st Anniversary Awards celebration. With this award, the NJ Tech Council recognizes an outstanding company who through its products, services or business approach has come to be a serious competitor in the marketplace.

NJIT’s Som Mitra Wins One of Microchemistry’s Top Honors Somenath Mitra, a groundbreaking researcher in the fields of environmental monitoring, water treatment and nanotechnology, was tapped for the 2017 Benedetti Pichler Award from the American Microchemical Society. Named for the Vienna-born scholar viewed as the father of American microchemistry, the award recognizes “outstanding research in the field of microchemistry in its broadest sense,” including administration and teaching, among other vehicles for advancing the field.

 

Upcoming Events

New Jersey STEM Pathways Network Quarterly Meeting
When: Thu, December 14, 10 a.m. – 1 p.m.
Where: Princeton University