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A new report reveals how Rutgers generates $5.2 billion in economic activity annually and educates, employs and provides health care services to tens of thousands of people. Get this and more with this week’s Innovation NJ update.


New Jersey Business Magazine’s June 2017 Issue Focuses on “The Innovative State”
The annual June 2017 “Innovative State” edition of New Jersey Business magazine, a publication of New Jersey Business & Industry Association (NJBIA), includes an array of articles spotlighting the many high-tech industries, academic institutions and organizations that make the state a true center for research and development. A separate feature article examines employee benefits, and an entire special section is devoted to what colleges and universities offer the business community in the innovation sphere.

R&D Groups Coalesce to Press Congress to Reject President Trump’s Fiscal 2018 Budget; Proposed Cuts Would “Cripple” Science, Development Enterprise  Anna Q. Hoy reports that nearly 150 scientific, engineering, medical organizations and academic institutions urged Congress, in a May 24 letter, to protect the nation’s research and development enterprise that has long powered American prosperity and reject steep spending cuts the White House proposed in its fiscal 2018 budget proposal. “America’s research and development enterprise has made our nation the world’s preeminent, most effective and sought-after partner for innovation,” the groups said in a letter delivered to lawmakers a day after the White House sent Congress its $4.1 trillion budget proposal.

Event: Students 2 Science to Host Inaugural “Biotech Observation Day” June 9 in East Hanover  You are invited to join Students 2 Science (S2S) at its first-ever Biotech Observation Day on Friday, June 9 at 1:00 p.m. to introduce a new career pathway and educational offering to prepare students for high demand, 21st century careers through authentic STEM education. The event, which includes a tour and lunch, will be held at S2S at the East Hanover Technology Center, 66 Deforest Avenue, East Hanover, NJ 07936.


Stevens Institute of Technology Class of 2017 Urged to Dream Boldly and Lead with Humility at 145th Commencement Stevens Institute of Technology commemorated the

graduation of more than 2,100 undergraduate and graduate students, the largest in the university’s history, at the Meadowlands Expo Center in Secaucus, New Jersey May 24, 2017. Graduate Commencement Speaker: ‘Dreams Never Cease’ The milestone day began with the graduate Commencement ceremony in the morning. After Monsignor Robert Meyer, pastor at The Catholic Community of Saints Peter & Paul in Hoboken.

NIH Considers Limits on Individual Research Funding; Impacts Examined
Robert Ksiazkiewicz reports on State Science & Technology Institute (SSTI), in part one of two. SSTI will examine NIH’s proposed changes that will place limits on individual researcher funding. On May 2, the National Institutes of Health (NIH) announced that it intends to implement a new approach to grant funding with the purpose of increasing the number of researchers receiving grants. These proposed changes are due to a highly skewed distribution of NIH funding with 10 percent of NIH-funded investigators receiving over 40 percent of funding.

Rutgers Health Care Improves Lives, Boosts Economy; Research Generates $31.5 Million in Royalty Income Rutgers University is emerging as a national leader in academic health care, providing top-level services for patients while also boosting the economy statewide, according to a new economic impact report issued by the university. Rutgers spent more than $684 million in patient care, delivering medical, dental, nursing and psychological services provided by clinicians and specialists and through research and more than 350 clinical trials in fiscal year 2016. Rutgers Health, the university’s patient care organization that employs more than 1,300 health care professionals, handled 2.1 million patient visits to all locations in fiscal year 2016.

Rider University Alumnus Arthur J. Stainman Receives Sesquicentennial Medal of Excellence Rider University alumnus Arthur J. Stainman ’65 received aSesquicentennial Medal of Excellence at the Scholarship Luncheon on April 27, 2017, for his generous contributions to and dedicated participation with Rider University. The Medal of Excellence was established to recognize members of the Rider community who make extraordinary efforts to enhance the Rider experience for students, alumni and the broader community. After graduating, Stainman rose through the ranks of the financial services industry and now serves as the senior managing director of First Manhattan Co., a leading investment management firm in New York City.


Princeton University to Honor Four Outstanding New Jersey Secondary School Teachers Princeton University will honor four outstanding New Jersey secondary school teachers at its 2017 Commencement on Tuesday, June 6. This year’s honorees are Peter Drozd of Union City High School, Emily Rock of Oakcrest High School in Mays Landing, Colleen Tambuscio of New Milford High School and Cory Terry of Ocean City Intermediate School. The teachers were selected for the award based on nominations from public and private schools around the state.. The teachers will each receive $5,000, as well as $3,000 for their school libraries.


Upcoming Events


CIANJ’s Healthcare Roundtable: Bringing A New Medicine To Market

When: Wed, June 7, 8am – 10am
Where: Celgene Corporation 181 Passaic Ave. Summit


The Internet of Things Topic: Disaster Mitigation
When: Thu, June 8, 7:30am – 12:30pm
Where: Kean University
NJ Tech Council’s CFO Awards Breakfast
When: Fri, June 9, 7:30am – 10:00am
Where: Forsgate Country Club, 375 Forsgate Dr, Monroe Township

Women in STEM Summit — Sponsored by Million Women Mentors (MWM) New Jersey
When: Fri, June 9, 8:30am – 1:30pm
Where: Cisco Systems, 111 South Wood Avenue, Woodbridge Township


Students 2 Science to Host Inaugural ‘Biotech Observation Day’
When: Fri, June 9, 1pm – 3pm
Where: S2S at the East Hanover Technology Center, 66 Deforest Avenue, East Hanover


2017 Women’s Healthcare Innovation and Leadership Showcase (WHILS)
When: Wed, June 14, 11:30am – 7:30pm
Where: Rutgers University – Robert Wood Johnson Medical School, Kessler Teaching Building, 683 Hoes Lane West, Piscataway


NJEN’s Annual “Gathering of Angels”
When: Wed, June 14, 11:30am – 3:00pm
Where: Kean University, STEM Building,1075 Morris Avenue, Union