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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

Rutgers University Surpasses $1 Billion Fundraising Goal

New Brunswick, NJ, January 22, 2015 ― Rutgers University has successfully completed the largest and most comprehensive fundraising campaign in the university’s nearly 250-year history, surpassing the campaign’s $1 billion goal by almost 4 percent, Rutgers President Robert Barchi announced today.

The seven-and-a-half-year “Our Rutgers, Our Future” campaign — which formally ended on Dec. 31, 2014 — raised a total of $1,037,056,700, President Barchi said. Read the rest of this entry »

Seton Hall and Hackensack University Health Network to Open Medical School on Roche Property

Nutley, NJ, January 15, 2015 NJBIZ reports that Hackensack University Health Network and Seton Hall University today formally announced their plans to start the state’s first four-year, private medical school on the campus of the former Roche headquarters in Nutley and Clifton.

Alongside Seton Hall President A. Gabriel Esteban, Hackensack CEO and President Robert C. Garrett called the plan a “game-changer” and an “absolutely monumental event.”

“We know that, with this partnership, we will be able to rival the best of the best,” Garrett said.

The future school will be the anchor tenant of the 119-acre property that’s situated approximately 5 miles from both Hackensack and Seton Hall. Read the rest of this entry »

HINJ Op-Ed: The Value of Medical Innovation: Saving Lives, Saving Money

New Brunswick, NJ, December 18, 2014 HealthCare Institute of New Jersey (HINJ) President and Chief Executive Officer Dean J. Paranicas has authored the following op-ed on the life sciences and the value of medical innovation.

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Medical innovations produced by American life sciences companies have vastly improved the human condition.  Our pharmaceutical, biotech, medical technology, device and diagnostics companies have helped people live longer, with less pain and greater quality of life.

Over the past century, the life sciences has eradicated some of the world’s most dreaded diseases such as polio and smallpox.  More recently, the industry has made other diseases such as breast cancer, HIV/AIDS, heart disease and lung cancer no longer the death sentences that they once were.

Collectively, new therapies are the greatest contributors to increased life expectancy.  According to the National Bureau of Economic Research (NBER), between 1960 and 1997, new therapies accounted for 45 percent of the increase in life expectancy in 30 developing and high-income countries.  Between 2000 and 2009, new therapies accounted for 73 percent of the increased life expectancy for these countries.

Despite the dramatic life-saving advancements that the life sciences sector has made, our work is far from done. Read the rest of this entry »

NIA coordinating center for Alzheimer’s research

This Funding Opportunity Announcement (FOA) invites applications to establish an NIA Coordination Center to facilitate and support the Replication Phase of the Alzheimer’s Disease (AD) Sequencing Project (ADSP) activities. The Coordinating Center for the Genetics and Genomics of Alzheimer’s Disease (CGAD) will serve as the focal point for ADSP replication phase joint data analysis, harmonization, and sharing. The FOA is intended to support a major component of the full range of analysis for the Replication Phase of the ADSP.

For more information, click here.

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