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

Two NJIT researchers are working on materials that can be used to represent the synaptic strength between the neurons in artificial neural networks. Read more in Innovation NJ Update.

Researchers @NJIT Aim to Build Brain-Inspired Computing Systems
Two NJIT researchers, working with collaborators from the IBM Research Zurich Laboratory and the École Polytechnique Fédérale de Lausanne, have demonstrated a novel synaptic architecture that could lead to a new class of information processing systems inspired by the brain.

Governor Murphy Announces EDA Action to Spur Innovation in New Jersey’s Communities Governor Phil Murphy praised the New Jersey Economic Development Authority (EDA) for its creation of an Innovation Challenge that gives eligible communities the opportunity to receive funds for plans that strengthen their local innovation ecosystems. The Challenge will launch as a pilot round with awards of up to $100,000 per recipient. “Now is the time for the creativity and entrepreneurial spirit of New Jersey to shine as we ignite our potential to grow an innovation economy,” said Governor Murphy. “We want specific plans that will support inclusive economic development and enhance the local business ecosystem.”

States Given More Power in Revamped Perkins Act President Donald Trump signed the Strengthening Career and Technical Education for the 21st Century Act, a reauthorization of the Perkins Act, on Tuesday, giving states greater control over setting their own goals for career and technical education (CTE), a change from the current law that requires states to get program goals approved by the secretary of education. And while there is a slight increase in overall spending for career education grants, it is still lower than historical funding levels for Perkins.

NJ Recommits to Technology-based Economic Development New Jersey, long considered a state-leader in technology-based economic development prior to the Great Recession, has committed to reinvesting in its innovation economy. In addition to the legislature overwhelmingly approving a bill to reconvene the New Jersey Commission on Science and Technology – the state’s primary technology-based economic development organization – Gov. Phil Murphy also announced several other initiatives to support innovation and entrepreneurship in the state.

US SBA Announces Funding for Regional Innovation Clusters
The US Small Business Administration recently announced its intention to award up to seven contracts for entities to lead regional innovation cluster initiatives. While two of the awards are partially set-aside for qualified small business, the remaining five are being competed full and open, meaning any entity is eligible. Each contract will be for a base year and four option years, with a base-year price not-to-exceed $500,000. An overview webinar will be held by the Program Office on Aug. 8, 2018, beginning at 4:00- p.m. EDT, and a link to this webinar will be provided on the solicitation’s FedBizOpps page. Proposals are due Friday, Aug. 24.

RWJBarnabas Health and Rutgers University Launch Academic Health System
RWJ Barnabas Health System and Rutgers University announced the official launch of their public-private partnership to jointly operate a world-class academic health system dedicated to life-changing research, clinical training of tomorrow’s health care workforce, and high quality patient care, consistent with the missions of Rutgers and RWJBarnabas Health. By working together, these two higher education and health care industry leaders will enhance research and medical and health professional education, improve access to care, and reduce health disparities in New Jersey.

Op-Ed: EDA Challenges NJ to Rethink “Old Ways” Become Innovative Again
Trenton, NJ – According to Tim Sullivan, CEO of the NJ Economic Development Authority, “New Jersey has always been a cradle of American innovation. From Thomas Edison and Robert Wood Johnson to Albert Einstein and Shirley Ann Jackson, the Garden State has been a source of big thinking and new ideas that changed the world. However, over the last several decades, the stakes have been raised: More states are vying for the mantle of innovation leader than ever before. To compete and win in the 21st century economy, we need to rekindle our commitment to innovation and recapture the invention-based growth that created a path to the middle class for millions of New Jersey residents.”

NJIT-led Research Team Records Blazing Fast Changes of Metal Nanofilms
Traditionally, many engineers and developers of solar cell technology have turned to crystalline silicon – a tried and tested material absorber capable of efficiently converting solar radiation to electricity at just four times the thickness of a strand of hair. At up to a 100th the thickness of a hair strand, nano-thin metal films offer an even more cost-effective and flexible material alternative, holding promise in the future development of everything from solar power to sensor technology.

Researchers @NJIT Aim to Build Brain-Inspired Computing Systems
Two NJIT researchers, working with collaborators from the IBM Research Zurich Laboratory and the École Polytechnique Fédérale de Lausanne, have demonstrated a novel synaptic architecture that could lead to a new class of information processing systems inspired by the brain.

Report: New Jersey Heating Up for Biopharma Incubators and Innovation Spaces
The Institute for Life Science Entrepreneurship (ILSE) released a white paper highlighting life science incubator space and innovation trends in New Jersey. The report, entitled “Recent Advances in Laboratory and Innovation Space in New Jersey” profiles these efforts. Read more here.