Washington D.C. - Conducted by the National League of Cities (NLC), the Local Economic Conditions Survey 2015 asks government officials in more than 250 cities across the nation to assess their local economic conditions. Painting a broad picture of the economic health of cities, Cities and Unequal Recovery highlights key points from the most recent survey. The report finds that economic conditions over the past year have improved in nearly all cities, with 28 percent of city leaders indicating that conditions have improved greatly and 64 percent reporting slight improvements. In the 2013 Local Economic Conditions Survey, just 8 percent of cities reported greatly improved local economic conditions from the year before.
Rutherfold, NJ - According to Emily Badger of NJBiz, "Cancer Genetics Inc., a provider of DNA-based cancer diagnostics, announced Monday that it has agreed to acquire the assets and operations of Los Angeles-based Response Genetics Inc. Rutherford-based Cancer Genetics said in a news release that as part of the transaction, Response Genetics, a solid tumor molecular diagnostics, has filed chapter 11 bankruptcy in the Delaware Bankruptcy Court."
Washington D.C. - One of ITIF’s most important roles is to develop actionable ideas that policymakers can trust to foster innovation, growth, and progress. This report provides a menu of such ideas for the 114th Congress. It is not intended to be a comprehensive analysis of all tech policy issues currently up for debate, but rather lays out a selection of new ideas for Congress and the administration to consider. It is organized by topic area—from innovation and competitiveness to trade and globalization—with short summaries of each idea and citations for additional details.
NJEDA August Board Meeting Highlights Array of State Support for Technology and Life Sciences Sector
Trenton, NJ - Continuing the state’s commitment to supporting the growth of the technology and life sciences industries, which are targeted for growth under the Economic Opportunity Act (EOA), the Board of the New Jersey Economic Development Authority (EDA) today took action to approve Grow New Jersey (Grow NJ) tax credits for two Middlesex County projects.
New Brunswick, NJ - This is to provide information and updates regarding the newly instituted 2015 pilot grants in neuroscience at Rutgers University. This pilot grant program is organized under the Brain Health Institute, as part of its mission to support neuroscience research across the new Rutgers University. There are two main objectives of these pilot awards.
Washington D.C. - U.S. Sens. Cory Booker (D-NJ), Kirsten Gillibrand (D-NY), Patty Murray (D-WA), Chris Coons (D-DE), and Gary Peters (D-MI) today introduced the Scale-Up Manufacturing Investment Company (SUMIC) Act of 2015, legislation that increases access to capital for entrepreneurs looking to scale-up and commercialize their advanced manufacturing innovations.
Washington D.C. - U.S. Secretary of Commerce Penny Pritzker today announced the launch of the Economic Development Administration’s (EDA) $10 million funding opportunity for the 2015 Regional Innovation Strategies (RIS) Program competition to spur innovation capacity-building activities in regions across the nation. Under this program, EDA is soliciting applications for two funding opportunities: the i6 Challenge, which funds organizations that help innovators and entrepreneurs turn innovations, ideas, intellectual property, and research into viable, sustainable companies, and Seed Fund Support Grants (previously Cluster Grants for Seed Capital Funds), which funds regionally-focused seed capital funds that provide early-stage capital to innovation-based startups with a potential for high growth. This is the second RIS competition; EDA’s 2014 i6 and Seed Fund Support Grant awardees were announced in March 2015.
Wheaton to Commercialize Breakthrough Technology Providing Plastic Components with Pure Glass Interiors
Millville, NJ - According to New Jersey Business magazine, "WHEATON® announced that it will begin offering an innovative, breakthrough technology that allows for the manufacture of plastic exterior components with complete interior coverage of pure glass. The broad range of products envisioned from the application of this technology will provide numerous benefits to its clinical science customers. Attendees of the 2015 AACC Clinical Lab Expo, July 26-30 at the Georgia World Congress Center in Atlanta, are invited to visit WHEATON® at Booth 3615 to learn more about this innovative technology."
NJII Awarded $2.9 Million Federal Grant to Advance Health Information Technology Services to Support Health Information Exchange
Newark, NJ - The New Jersey Innovation Institute (NJII), acting as New Jersey's State-designated entity on behalf of the New Jersey Department of Health, has received a $2.9 million grant from the Office of the National Coordinator for Health Information Technology, an agency of the U.S. Department of Health and Human Services (HHS). NJII will help the Department of Health ensure the sharing of quality data through its New Jersey Health Information Network (NJHIN).
NJ Resources Support Serial Entrepreneur David Fischell’s Mission to Create Life-Saving Medical Devices
Trenton, NJ - The New Jersey Economic Development Authority (EDA) continues its series highlighting how entrepreneurs and investors are helping to build New Jersey’s technology ecosystem. Serial entrepreneur Dr. David Fischell, of Fair Haven, has founded and led more than a dozen medical device companies to success in the last 20 years. To Fischell, developing medical devices is a family affair. David, along with his father Dr. Robert Fischell, a physicist, and his brother Dr. Tim Fischell, a cardiologist, started New Providence-based Svelte Medical Systems in 2007.
Trenton, NJ – Legislation that would change New Jersey laws and regulations to help businesses take advantage of crowdfunding passed the Senate last Thursday. Specifically, S-712/A-2073 would provide exemptions from registration with the NJ Bureau of Securities for companies that want to offer intrastate crowdfunding investment opportunities. The total investment cannot exceed $1 million, and the investment from any single purchaser is capped at $5,000.
Kenilworth, NJ - Merck, known as MSD outside the United States and Canada, announced today that the company's commitment to HIV and AIDS, which started with a research and development program initiated in the mid-1980s during the early years of the epidemic, is now entering its fourth decade. To commemorate Merck's 30 years of commitment in this area, the company is launching a new effort, “Positively Committed.” The campaign highlights the company’s contributions, including the development of innovative therapies to address the unmet medical needs of people infected with HIV-1.
Washington D.C. - According to the State Science and Technology Institute (SSTI), "Challenge.gov, an online portal that facilitates public-sector prize competitions, is celebrating its fifth anniversary later this year. Numerous federal agencies have used prize competitions to spur innovation around areas ranging from water desalination to lung cancer, according to a White House blog post. Those agencies have found that this incentive-laden approach increases cost-effectiveness, encourages risk-taking, and reaches participants beyond a typical scope."
Washington D.C. - Venture capitalists invested $17.5 billion in 1,189 deals in the second quarter of 2015, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Quarterly venture capital (VC) investment increased 30 percent in terms of dollars and 13 percent in the number of deals, compared to the first quarter when $13.5 billion was invested in 1,048 deals. The second quarter is the sixth consecutive quarter of more than $10 billion of venture capital invested in a single quarter.
Galloway, NJ - By spring 2017, Stockton University expects to complete the first phase of a major facilities expansion that will create a distinctive entrance on the Galloway Campus. The state-of-the-art facilities will allow Stockton to accommodate more students and better prepare them for successful careers in science, technology, engineering and mathematics (STEM).
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