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Why Innovation?
Creating an environment that fosters innovation is a prerequisite to having a competitive business climate and economic growth. Being innovation-friendly attracts research and investment; provides incentive to expand or relocate; creates jobs and ultimately leads to new cures, technologies and products to improve our quality of life.
Innovation Time Line
Below is a timeline of innovation advancement. Click on the page for a larger view.
Member Profiles

NJ Chamber of Commerce Survey: What Are New Jersey’s Greatest Innovations?

Trenton, NJ, July 24, 2014 New Jersey celebrates its 350th anniversary this year.

As part of the festivities and in cooperation with the State and NJBIZ, the New Jersey Chamber of Commerce is conducting a survey to determine the greatest innovations to come out of the Garden State throughout its long and rich history of innovation.

The survey’s results in eight categories — Healthcare, Medicine, Transportation, Energy, Entertainment/Communications, Food, Day-to-Day Living and Innovation Breakthroughs — will be announced at the Celebration Innovation Gala on October 27 at The Palace in Somerset.

To vote, click here.

Technology Transfer Brings ‘More than Money’ to Universities, Communities

Princeton, NJ, July 17, 2014 — The benefits of technology transfer go far beyond financial rewards to include job creation and improved quality of life, according to a review article co-written by a group of leading technology transfer officers from major research universities, including Princeton University.

“We wanted to look at the benefits that arise from the licensing and commercialization of inventions from university research labs,” said John Ritter, director of Princeton’s Office of Technology Licensing.  “We found that there are numerous tangible and intangible benefits for universities but also for the public, ranging from new economic opportunities to new products that improve lives.”

The article examines the impact of a 1980 federal law that makes university technologies available for commercialization by the private sector, and looks at the resulting changes for universities and the public. Read the rest of this entry »

Rutgers-New Brunswick Ranks 33rd Among World’s Top Universities, According to Center for World University Rankings; 24th Among U.S. Universities

New Brunswick, NJ, July 17, 2014 — Rutgers University-New Brunswick  has been ranked 33rd among the world’s top 1,000 universities this year by the Center for World University Rankings —marking a dramatic rise in the ranking of the university’s flagship campus.

Rutgers-New Brunswick also ranked 24th among the 229 U.S. universities that the center included in the world’s top 1,000.

This is the third year that the center has published its rankings. Rutgers rose 10 places in the worldwide rankings this year, up from 43rd last year and 72nd in 2012.  It rose six places in the U.S. rankings, from 30th last year and 49th in 2012.  The rankings place Rutgers ahead of nine Big Ten peers, including Penn State, Ohio State and Purdue. Read the rest of this entry »

NJTC Names James Barrood as New CEO, Succeeding Maxine Ballen

Mount Laurel, NJ, July 16, 2014 — The New Jersey Technology Council (NJTC) has announced that James Barrood will become its Chief Executive Officer as of August 11.

According to NJBIZ’s Andrew Sheldon, Barrood’s resume includes running Fairleigh Dickinson University’s Rothman Institute of Entrepreneurship since 1997, where he had a large role in connecting the area’s entrepreneurial, enterprise and technology community.

The appointment comes with the stepping-down of NJTC’s founder, CEO and President Maxine Ballen, who headed the institute for 18 years.  During Ballen’s tenure, she grew the institution into one of North America’s most successful trade organizations. Read the rest of this entry »

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