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While still in the top 10 in the nations, New Jersey fell from Fourth most innovative state in 2016 based on its R&D intensity, productivity, STEM jobs and other factors…

California Is the Most Innovative Economy in America, New Jersey is 9th
According to Shelly Hagan and Wei Lu, “The Golden State is living up to its nickname, with California ranking as the most innovative economy in America. That’s according to Bloomberg’s newest U.S. State Innovation Index based on six equally-weighted metrics: research and development intensity, productivity, clusters of companies in technology, “STEM” jobs, populous with degrees in science and engineering disciplines, and patent activity.”

Making the Most of US Opportunity Zones
According to JP Julien, Mike Kerlin, Ben Safran, and Rachel Schaff of McKinsey, “Most economic development programs follow a similar pattern. Typically, governments offer a mix of tax breaks, exclusions, and fewer regulations in the hopes of enticing new investments to economically distressed communities. The new federal opportunity-zone program, established by the US Congress in the Tax Cuts and Jobs Act of December 2017, also follows that model.

Roadmap Provided for University Research and Tech Commercialization
According to SSTI, “As a bedrock of American innovation, universities and federal laboratories research and develop new products that help drive economic growth. A new study from the Economic Growth Institute at the University of Michigan aims to improve national competitiveness in this arena by providing a roadmap for universities that includes best practices on translating research from the lab to the marketplace.”

Innovation, Broadband, Higher Education Initiatives Get State Support
According to SSTI, “Innovation initiatives are seeing increased funding in some states as legislatures across the country begin to finalize budget bills and other legislation. SSTI continues to monitor these developments and this week we cover budget bills in Idaho that saw small increases to the Manufacturing Extension Partnership program, as well as increases in the Small Business Development Center and STEM Action Center, and new funding for a computer science initiative.”

Report Highlights Brain Drain’s Impact on States
According to SSTI, “New research from Congress’ Joint Economic Committee’s Social Capital Project finds that the migration of highly-educated adults toward dynamic states and major metropolitan areas is accentuating America’s divisions. Using census data from 1940 to the present, the authors define “brain drain” as someone in the top third of the national education distribution who resides in a state other than their state of birth between the ages of 31 and 40.”

NIST Releases tech transfer recommendations
According to Mark Skinner of SSTI, “Describing the 125+ page document outlining the Trump administration’s thoughts regarding the movement of federal R&D into market use as a “discussion guide, not a policy document,” Under Secretary of Commerce for Standards and Technology and NIST Director Walter Copan announced the report’s release April 24…

How Technology Affects Economic Growth And Why It Matters for Policymakers
According to Andrea O’Sullivan, “Technology is something to resist. Whether it foments antisocial behavior, cultural polarization, or wide-scale labor disruptions, technological change is a frustrating and perennial struggle facing society. The benefits largely accrue to a few oligarchs. More existentially, digital technologies rob us of our humanity, as automation and machine learning become a dangerous master we must serve.”

NJII and Pall Corporation Form Agreement to Advance Cell and Gene Therapy Manufacturing New Jersey Innovation Institute (NJII), a New Jersey Institute of Technology (NJIT) Corporation, has signed an Industry Participation Agreement with Pall Corporation (Pall) to support the development of its BioPharmaceutical Innovation iLab. The partnership will support two key Centers at NJII that will advance the manufacturing of new cell and gene therapies: the Cell and Gene Therapy Development Center and the Center of Advanced Biologic Manufacturing.

Upcoming Events

New Jersey’s Bio-Pharma Industry: Where is it Headed

When: Thu, May 2, 8am – 11am
Where: Westminster Hotel, 1608, 550 W Mt Pleasant Ave, Livingston

The Healthy Child: Nutrition and Fitness Education for Lifelong Health
When: Fri, May 3, 9am – 4pm
Where: Rutgers-New Brunswick, New Brunswick

From Bench to Bedside: Bringing Immunotherapy into the Clinic
When: Tue, May 7, 5:30pm – 8:00pm
Where: Princeton Innovation Center BioLabs, 303A College Rd E, Princeton

BioNJ’s 9th Annual BioPartnering Conference
When: Wed, May 8, 7:30am – 5:30pm
Where: The Palace at Somerset Park, 333 Davidson Ave, Somerset


Growing NJ’s Fintech Ecosystem
When: Tue, May 21, 4pm – 6pm
Where: 400 Kelby St., 14th Floor, Fort Lee