Innovation NJ logoInc. magazine’s annual list of 5,000 fastest-growing private businesses in the nation included Bear Mattress at No. 7. The Hoboken company had revenue growth of more than 13,000% over three years.

128 from NJ Land on Inc. 5000 Fastest-growing Companies List
Inc.’s annual ranking of the top American companies is back, and 128 from New Jersey made a place for themselves on it. The New York City-based business magazine’s he annual Inc. 5000 ranks the 5,000 fastest-growing private businesses in the nation. Of the 128 New Jersey businesses that ranked, five made it into the Top 200. When compared to last year, Garden State companies on the list declined by 18 from 146.

Making R&D Great Again: How Much Would the Federal Government Have to Invest to Get Back on Top? Economists have long shown that investments in research and development from both government and the private sector are critical in driving innovation productivity and growth. R&D investment is even more important today because many U.S. competitors are seeking to compete in innovation-based industries, including by expanding research funding and putting in place generous R&D tax incentives.

DOL Bolsters Training Grant Program with $6M in Funding
The goal of the grant is to help employers in the state train and develop a highly skilled workforce. To meet current and future skill requirements of high-wage, middle- and high-skill jobs, employers are awarded grant funding on a competitive basis to provide cost reimbursement assistance to train employees.

NSF Gearing up to Fund New Quantum Research Institutes
The National Science Foundation (NSF) has announced awards for Conceptualization Grants (CG) for Quantum Leap Challenge Institutes, which are large-scale interdisciplinary research projects that aim to advance the frontiers of quantum information science and engineering. The CG awards up to $150,000 each to support teams as they work toward the overall challenge research theme and focus areas for a future Challenge Institute proposal. The next phase will fund 5-year Challenge Institute awards to establish and operate Quantum Leap Challenge Institutes.

New Technology Could Aid Stem Cell Transplantation Research
Nanotechnology developed at Rutgers University-New Brunswick could boost research on stem cell transplantation, which may help people with Alzheimer’s disease, Parkinson’s disease, other neurodegenerative diseases and central nervous system injuries. The nanotechnology platform, which uses special tiny rods for sensing, allows researchers to confirm the identity of human stem cell fates and their biomarkers, or biological molecules, without destroying them, according to a study in the journal ACS Nano.

An NJIT-based Vision Therapy Startup Secures Major Backing from NJ Health Foundation’s Venture Arm A campus-based healthcare startup with a device that employs virtual reality gaming to correct a vision dysfunction has received a $500,000 commitment from Foundation Venture Capital Group, LLC, an affiliate of New Jersey Health Foundation (NJHF). The technology was designed and developed by a professor and a team of students, now alumni, in a biomedical engineering lab at New Jersey Institute of Technology (NJIT).

BASF Builds the STEM Pipeline
It is a business-world refrain that not enough students are pursuing STEM (science, technology, engineering and mathematics) academic degrees and/or careers, and that various stakeholders ranging from companies and government entities are levering their efforts to ameliorate this. Global giant BASF – with its North American headquarters in Florham Park – is part of this equation, offering a bevy of programs in its “STEM Education in North America” portfolio.

Are States Taking Cybersecurity Seriously Enough?
According Katherine Barrett and Richard Greene, “A spike in cyberattacks in recent months has left state and local governments reeling. Baltimore faces more than $18 million in losses following a May ransomware attack. Several Florida cities were hit in June. And Los Angeles police data was hacked in late July. A 2018 report from the National Association of State Chief Information Officers (NASCIO) found one unidentified state undergoing 300 million attacks a day — up from 150 million two years before.

Upcoming Events

Open Innovation: How Lifescience and Tech Companies can work with NJ Universities

When: Wed, September 11, 6pm – 9pm
Where: The Rutgers Club, 85 Avenue E 2nd Floor, Piscataway

NJTC FINTECH 2019
When: Wednesday, Sep 18, 2019
Where: Jersey City

5th Annual Clinical Trials Patient Experience Summit
When: Thursday, Sep 19, 2019
Where: Bristol Myers Squibb Carter Rd., 350 Carter Rd, Princeton

BioNJ Manufacturing Briefing
When: Fri, September 20, 8:00am – 1:30pm
Where: New Jersey Institute of Technology, 323 Dr M.L.K. Jr. Blvd, Newark

TEDxNJIT
When: Thursday, Sep 26, 2019
Where: New Jersey Institute of Technology, 323 Dr M.L.K. Jr. Blvd, Newark