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New Jersey is a key location for many biotechnology firms, and, more broadly, recent innovations. Learn more with Innovation NJ update.

The NJ Biotech Boom New Jersey is a key location for many biotechnology firms, and, more broadly, recent innovations – driven in part by supercomputers and data analytics – are arguably marking the most innovative era in biotech molecular-level progress. Despite often-voiced concerns about the Garden State’s business climate, the fact remains that biopharmaceutical companies are not able to locate just anywhere in the world, since – among other requirements – they need access to a workforce trained in the sciences.

Newark Venture Partners to Fund Group of Six Newark Venture Partners, a venture capital fund whose mission is to build technology companies, has pledged investment to six technology companies. “Our Labs program is designed to target startups that look at old problems with fresh eyes in the B2B space,” Tom Wisniewski, managing partner at Newark Venture Partners, said in a statement. “If we can help them succeed, we can revolutionize the way businesses operate – both for Newark, and beyond the city’s borders.”

EY Unveils N.J.’s Entrepreneur of the Year Winners EY unveiled Thursday night the 12 New Jersey winners of its Entrepreneur of the Year 2018 Award at a gala at the Hyatt Regency in New Brunswick. Each of the 33 New Jersey regional finalists were placed in 12 different categories. EY, a tax and advisory services firm, said it honors entrepreneurs “who break the mold.” Read more here.



Kal and Lucille Rudman Foundation Supports Medical School Immersion Program
Thanks to the generous support of the Kal and Lucille Rudman Foundation, 24 more high achieving area high school students will have a unique opportunity to raise their academic game this summer at one of the region’s premier medical schools. This summer marks the second consecutive year that the Rudman Foundation has supported the RAISE (Recognizing Achievement and Inspiring Student Excellence) program at the Rowan University School of Osteopathic Medicine (RowanSOM), which provides a tuition-free, four-week medical school immersion experience.





NJTC Leadership Summit July 18 in New Brunswick This year’s Summit will include a keynote lecture by one of the top CEOs in the healthcare industry. A CEO panel will follow and offer additional insights and perspectives on managing combined organizations. Discussion groups will follow to further share best practices among attendees.



Rowan to Invest $33M for Faculty, Research University Vice President Joe Cardona said Rowan plans to invest $30 million to add 100 tenure-track faculty jobs during the next 10 years to address changes in enrollment, job trends and research. It will spend another $3 million to develop a three-year program delving into emerging areas of business opportunity and jobs training.




NJIT Car Maven Takes on the American Solar Challenge, Then It’s Off to Tesla
Jason Murzello’s fascination with cars began in a fairly typical way – with his own matchbox set – but then veered into technology by way of video games such as “Need for Speed,” which allow budding aficionados to tinker with performance by switching out not only tires, but suspensions and engines as well. Add another layer, the chance to build a real, solar car from scratch in a garage a block from campus, and you have the makings of a career.




Murphy: Creating an Innovation Economy Won’t be Easy, but It Can Be Done
Gov. Phil Murphy said he doesn’t have to look far when looking for a state to compare with when it comes to his plans to build an “innovation economy” in New Jersey. It’s right across the river. “New York, in fairness, has been good in capturing the sort-of ‘Silicon Alley’ (startups),” he told ROI-NJ. Murphy said New York’s success is the result of a lot of planning. Read more here.


NJPRO: New Jersey’s Connected Economy In June 2018, NJPRO Foundation released a study of New Jersey’s interconnected economy. The study aims to display the effects one business environment has on various others. By studying the six key clusters that New Jersey’s economy relies on – including chemical manufacturing, food processing and manufacturing, health systems and services, information communications and technology, life sciences, and tourism – the Foundation hopes to display the importance of maintaining an agglomeration the industries create and highlight the importance of keeping these industries healthy.



Upcoming Events


NJTC Leadership Summit
When: Wed, July 18, 12pm – 1pm
Where: Hyatt Regency New Brunswick, 2 Albany St, New Brunswick


NJ State Chamber of Commerce’s “Women Leaders in Innovation” celebration
When: Thu, September 20