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Princeton Innovation Center BioLabs is designed to strengthen the innovation ecosystem and expand the impact of Princeton’s teaching and research. Learn more at Innovation NJ update.

˜Dynamic Incubator Space” for Science-Based Innovation Formally Opens
According to Liz Fuller-Wright, Princeton University Office of Communications, “A crowd of more than 100 representatives from Princeton University, the town of Plainsboro, local industries and the center’s first tenant companies attended the event at the Forrestal Center in Plainsboro. Princeton Innovation Center BioLabs offers co-working lab and office space for high-tech startup companies formed by Princeton University faculty, students and alumni as well as members of the wider New Jersey community.

Modernizing the Way States Collect and Store Data
According to Spence Purnell, Research and Policy Analyst at Reason Foundation, “In 2018 most of us have heard, at least in some way, about ‘big data’ and its purported benefits. But there are a number of misplaced concerns and doubts about technology policy among state legislators holding back statewide enterprise software technology upgrades that would vastly improve the organization, efficiency, and performance of state government. The first obstacle is a misunderstanding between open data and shared data, the background technologies needed to develop both, and the potential benefits of both.

How Bank of America Is Phasing More Fintech and AI into Its Branches
There are three ways that Robert H. Doherty, Bank of America’s New Jersey market president, gauges the size of his institution in the Garden State: First off, the bank does business with more than half of all people living in the state … it’s connected with between a third to a half of all commercial entities based here … and it ranks among the state’s Top 10 employers. None of that has changed all too recently. What’s new is that there’s a once-significant measure that Doherty chooses to omit today: the amount of retail spaces it has in the state.

Novo Nordisk Funds Obesity Fellows Program to Address Gaps in Physician Education
Obesity rates have soared in the United States and around the world, yet physician education hasn’t kept pace: Only five fellowship programs train young doctors in obesity medicine, just one-tenth of the 50 programs that are needed. To address that gap, Novo Nordisk announced last week it will work with the Obesity Society and the Obesity Medicine Association to create the Obesity Medicine Fellowship Development Program, which will eventually bring the number of fellowship programs to 20 across the country.

Princeton Firm Forms Digital Currency and Blockchain Technology Services WithumSmith+Brown PC announced the formation of a Digital Currency and Blockchain Technology Services Group to address the unique challenges posed by digital assets, cryptocurrencies and blockchain technology. As an extension of the firm’s Technology Services Group, the team provides a deep level of expertise to a diverse client base involved with and entering into today’s new alternative asset class.

New Jersey Economic Development Authority and 60+ Partners Join Forces for VOICE Summit
Illustrating the City of Newark’s rise as a global technology hub, the VOICE Summit sponsored by Amazon Alexa and other leading companies such as Microsoft, Yext and Panasonic will take place July 24-26 at the New Jersey Institute of Technology (NJIT). The largest voice-tech event of the year is expected to bring together more than 1,500 software developers, designers, brands, agencies and media companies focused on the next generation of applications that leverage conversational input via voice and chat.

Lessons Learned: This Is How You Go from Academia to Industry for a Postdoc
According to Megha Satyanarayana of STAT News, “If you’re thinking of jumping from academics to industry/business or vice versa, join us each week for useful tips. Who we talked to: Max Salick, 32, postdoctoral scholar, Novartis Institutes for BioMedical Research. Why you should listen: Industry postdocs are an increasingly popular choice for young scientists finishing their graduate degrees or a first academic postdoc. Max wasn’t sure that industry was right for him at first, but four years later, he’s about to finish this phase of his career.

What’s the Tech Industry’s Responsibility in an Era of Robotics-Driven Unemployment?
According to James Barrood, CEO and president of the New Jersey Tech Council, “The mainstream media has grown increasingly concerned about robotics and its potential impact on employment. As is often the case, there’s some hype at work: maybe a bit too much willingness to believe marketing materials, perhaps a bit of conflation with other technological advances. But the broader point is largely legitimate. In the coming years, at a pace that we can’t accurately predict, many millions of the remaining jobs that don’t require advanced education will disappear.”

Rowan University Names New Dean of Science & Mathematics
Rowan University has appointed Dr. Cristian Botez as dean of its College of Science & Mathematics and School of Health Professions, effective Aug. 1. Botez, who most recently served as professor in and chairman of the Department of Physics at the University of Texas at El Paso, replaces Dr. Karen Magee-Sauer, who served as dean for four years. Prior to joining the University of Texas, Botez was a postdoctoral fellow in materials physics at Brookhaven National Laboratory and earned his Ph.D. and M.S. in physics from the University of Missouri-Columbia and his B.S. in engineering physics from the University of Bucharest in Romania.

Upcoming Events

NJTC Leadership Summit

When: Wednesday, July 18, 12 p.m. – 1 p.m.
Where: Hyatt Regency New Brunswick, 2 Albany St., New Brunswick


New X2 BioCruise with NYBio
When: Thursday, July 19, 4:30 p.m. – 9 p.m.
Where: Pier 81, W 41st Street & River Place, New York


Life Sciences Southern TIP
When: Thursday, July 26, 1 p.m. – 3 p.m.
Where: Mercer County Community College – Conference Center at Mercer – 1200 Old Trenton Road – West Windsor Township


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