NJBIA's Public Policy Forum: The Road to Recovery REGISTER

The New Jersey Hospital Association recently launched a new data and informatics center to better understand the economics of healthcare.  Learn more in this week’s Innovation NJ update.

New Data Center Will Explore Root Causes of Healthcare Challenges
The New Jersey Hospital Association announced the start-up of a new data and informatics center charged with tapping data to better understand some of the state’s most pressing health challenges and the economics of healthcare. The goal is to inform the system transformation necessary to improve the health of New Jerseyans. The NJHA Center for Health Analytics, Research and Transformation (CHART) will use information from an array of sources and apply analytics and predictive modeling to identify and better understand underlying problems and work with its members, policy experts and others to explore solutions.

Are Academic Science & Engineering Resources Growing More Concentrated?
According to Jonathan Dworin of the tech website SSTI, “Colleges and universities that conduct research and development around science and engineering are central to technology-based economic development strategies and are at the core of America’s innovation hubs. The distribution of science and engineering R&D at colleges and universities (S&E R&D) – already distributed unevenly across the country – appears to have grown radically more so since the Great Recession. In fact, SSTI analysis using data from the National Science Foundation’s National Center for Science and Engineering Statistics reveals that approximately 60 percent of all new funds for S&E R&D at colleges and universities from 2008 to 2016 went to institutions in just three states: Maryland, California and New York.”

Rutgers University Gets $1.4M HHS Grant
According to Daniel J. Munoz of NJBIZ, “Rutgers University will be the recipient of a $1.4 million federal Elder Justice Innovation Grant in support of its research on the health and wellness of senior citizens, U.S. Senators Cory Booker and Robert Menendez, both D-NJ, said in a joint statement. Dr. Xin Qi Dong, who heads the Rutgers Institute for Health, Health Care Policy and Aging Research, will use the funds to research how to protect senior citizens with disease such as Alzheimer’s and dementia from neglect, abuse and financial exploitation.”

R&D Council Leader Chosen to Bolster STEM Education in New Jersey
Kim Case, executive director of the Research & Development Council of New Jersey, has been selected as one of 20 fellows in LEAD STEM, a national leadership development experience. Over the coming year, Case will be educated on critical skills to impact current local learning opportunities while shaping the global future of education in science, technology, engineering, and mathematics (STEM). As the executive director of the Research & Development Council, Case leads the strategic vision of the organization, which includes initiatives that drive excellence in STEM education and workforce development.

In Action on Venture Capital: Rebuilding New Jersey’s Innovation Economy
According to Nicole Sandelier of NJBIA, “Venture capital is essential for developing the economy of the future. Some of the most successful and prosperous businesses today did not exist 15 years ago and now, technologies such as voice command software and artificial intelligence are redefining our expectations as consumers and business owners.”

Investor Emil C. Herkert Channels Decades of Experience into Shaping the Next Generation of New Jersey Entrepreneurs
As the principal founder of the New Jersey Institute of Technology (NJIT) Highlanders Angel Network, investor Emil C. Herkert is a regular participant in the New Jersey Economic Development Authority’s (EDA’s) Founders & Funders events. Held semi-annually at the EDA’s Commercialization Center for Innovative Technologies (CCIT) in North Brunswick, New Jersey Founders & Funders events pair investors with entrepreneurs in 10-minute, “speed dating” sessions to discuss strategy, business models and funding opportunities. Herkert brings nearly 40 years’ of fundraising experience to these sessions.

Newark to Get 45 Wi-Fi Kiosks, Special App as Part of LinkNWK, City Announces
Newark continues to build its reputation for networking technology, as city officials recently announced  the creation of the LinkNWK network, with 45 Link Wi-Fi kiosks coming to the city in the fall, complete with a special app to help residents and visitors take advantage of free, secure Wi-Fi. Newark Mayor Ras Baraka, the Newark Community Economic Development Corp., and smart cities technology company Intersection announced the network.

Useful Stats: Science and Engineering R&D
According to Jonathan Dworin of SSTI, “Federal funding for S&E R&D grew by $7.2 billion from 2002 to 2016, reaching more than $31.6 billion. This represents a 29.4 percent increase during the period, or approximately 2 percent per year, according to an SSTI analysis of data from the National Science Foundation’s National Center for Science and Engineering Statistics. Among states, California ($4.3 billion), New York ($2.4 billion), and Maryland ($2.3 billion) received the most in federal funds for S&E R&D in 2016, while Baltimore ($2.0 billion), New York City ($1.7 billion), and Boston ($1.3 billion) led among metropolitan areas.”

Upcoming Events

 

BioNJ’s Manufacturing Briefing
When: Friday, Sept. 21, 8 a.m. – 1 p.m.

Where: Rutgers University Busch Student Center, 604 Bartholomew Road, Piscataway