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Here is the latest news on the collaboration between businesses and academia from this week’s InnovationNJ newsletter.Innovation NJ logo

Governor Phil Murphy Instructs Council to Develop Innovation Economy Strategic Plan Gov. Phil Murphy has directed the Jobs and Economic Opportunity Council to create a Strategic Plan for reclaiming New Jersey’s innovation economy. The Governor made the announcement during his May 27 visit to the 2018 Propelify Innovation Festival held in Hoboken. “As we move forward in implementing our vision for New Jersey’s economic future, a critical component is our ability to recapture New Jersey’s dominance in the innovation economy,” Murphy said.

Useful Stats: SBIR/STTR Awards by State The SBIR and STTR program, which dubs itself “America’s Seed Fund,” is one of the broadest forms of early-stage capital available to small technology companies. During the five-year period from 2013 to 2017, the 11 federal agencies participating in the SBIR/STTR program distributed 25,524 awards. Using charts, maps, and a downloadable spreadsheet, this Digest article looks at trends in SBIR/STTR awards by state over the period, including the companies with the most awards and states where SBIR/STTR awards outnumber VC deals.

CCIT Resources Support Grace Therapeutics Mission to Develop Drug-Delivery Technologies for Rare Diseases A quest for an optimal location for development of drug-delivery technologies for people suffering from rare and orphan diseases brought Grace Therapeutics to the New Jersey Economic Development Authority’s (EDA’s) Commercialization Center for Innovative Technologies (CCIT) in 2014. Co-founders George Kottayil and Vimal Kavuru have experience launching, growing, and successfully exiting multi-million-dollar pharmaceutical companies.

A Case for How Disruption Leads to Innovation According to Dr. Christopher Nagy, the year 2007 created a tsunami of disruptive technologies that impact how we work, study, live and play. In 2007, according to Tom Friedman in his latest book “Thank you for Being Late” (2016), the world experienced the greatest inflection point in history, and as a result, today’s world is forever changed due to those technological advancements.. Key technologies  launched that year   which set the stage for the technology revolution we are experiencing today, and to a great degree, in the delivery of education.

Stevens Team Uses Virtual Reality to Help Control Prosthetic Limbs and Restore Post-Amputation Sense of Motion The key challenge for these patients is regaining the ability to perform daily activities after limb loss. Research focuses on objectives including restoring patients’ sensation of movement (known as kinesthesia) and better control in the region of a missing limb by relearning how to finely control muscles that could drive operation of prosthetic limbs and devices such as robotic hands. Now a new collaboration between Stevens Institute of Technology and the world-renowned Cleveland Clinic offers hope for a quicker, more effective rehabilitation process.

NJIT Unveils Leir Research Institute for Business, Technology, and Society It was a gathering to not only inaugurate a new research institute on the NJIT campus, but also celebrate a longstanding relationship between the university and a committed foundation partner and benefactor. On April 30, NJIT administrators, faculty, staff and students, as well as distinguished guests, joined  in the Campus Center Ballrooms to officially launch The Henry J. and Erna D. Leir Research Institute for Business, Technology, and Society, made possible with a five-year, $1.5 million grant from The Leir Charitable Foundations.

Rutgers Awarded Global Health Grant to Help Seed Expanded Research in Indonesia The Rutgers Global Health Institute, with support from Rutgers Global, awarded Global Health Seed grants to faculty conducting collaborative, interdisciplinary activities that will impact the health of communities at home and around the world. In April, Ilya Raskin, distinguished professor in the Department of Plant Biology, along with collaborative partners at Rutgers School of Arts and Sciences and Universitas Nasional, was awarded a seed grant of $10,000 for implementation of the project, “Discovering Antimicrobials from Nature: Education and Capacity Building in Indonesia,” which is scheduled to begin in July.

Rowan Engineering Launches Nanosatellite as Part of NASA Initiative The Henry M. Rowan College of Engineering successfully launched its MemSat, a cube-shaped nanosatellite developed by faculty and students, into space May 21 from Wallops Island, Va.a, at NASA’s Wallops Flight Facility. The MemSat launch marked NASA’s seventh round of its CubeSat Launch Initiative through NASA’s Launch Services Program’s Educational Launch of Nanosatellite Missions.

Upcoming Events

The Future of Work – Part 4

When: Monday, June 4, 5 p.m. – 9 p.m.

Where: 9 Independence Way, Princeton


NJ Tech Council CFO Awards

When: Friday, June 8, 7:30 a.m. – 9:30 a.m.

Where: The Westin Princeton at Forrestal Village, 201 Village Blvd, Princeton


HackHunterdon

When: June 9 – 10

Where: Hunterdon Central Regional High School, 84 New Jersey 31, Flemington


The Internet of Things – Transforming Your Business

When: Friday, June 15, 8:30 a.m. – 1:30 p.m.

Where: Newark Liberty International Airport Marriott, 1 Hotel Road, Newark


2018 Annual Life Sciences Industry Summit

When: Thursday, June 21, 9 a.m. – 3 p.m.

Where: Ukrainian Cultural Center, 135 Davidson Ave., Somerset


Engagement: The Key to Retention in Transformational Times

When: Friday, June 22, 9 a.m. – 4 p.m.

Where: Kean University, 1000 Morris Ave., Union


3rd Annual Precision Medicine Leaders Summit

When: June 26 – 28

Where: Hyatt Regency Jersey City on the Hudson, 2 Exchange Place, Jersey City