Westerville, OH - According to Conor Gowder, "The United States' 42 federally funded research and development centers (FFRDCs) received a record $26 billion in federal government funding in fiscal year 2022 — a nearly 6% increase compared to the previous year. FFRDCs expended $26.5 billion on R&D in FY 2022, marking the ninth consecutive year of nominal growth. On average, FFRDCs have increased R&D expenditures by 1.3% per annum since 2012. Yet when looking at only the three most recent years of available data, from FY 2020-2022, this average drops to just 0.4%."
Trenton, NJ - According to Dorothy Reed, "I don’t know about you, but when I hear about the Inflation Reduction Act, molecule-based price controls and drug classification, I ask, how are those theoretical policies being hashed out in Washington D.C. going to affect the women I serve? I am a 24-year breast cancer survivor and the co-founder and president of Sister2Sister, a nonprofit organization that supports minority and underserved women with breast cancer. We’ve heard a lot about health disparities for people of color in recent years, so much so that you would think we might, finally, be closing the gap."
Trenton, NJ - U.S. News and World Report released its annual ranking of the top 100 universities in the nation today, with Princeton University topping the list for the 13th year in a row. Additionally, all three Rutgers University campuses – New Brunswick (No. 40), Newark (No. 82) and Camden (No. 98) – made the list together for the first time. The other New Jersey institutions to make the top 100 include Stevens Institute of Technology (No. 76) and the New Jersey Institute of Technology (No. 86), marking a record six total schools in the top 100 for the Garden State.
Trenton, NJ - NJBIA President & CEO Michele Siekerka and other New Jersey leaders joined U.S. Rep. Mikie Sherrill (D-NJ) on Monday in calling for government and businesses to work together to safeguard American innovation from China’s economic aggression, unfair trade practices and intellectual property theft. Sherrill, a member of the newly created House Select Committee on China, held a Trenton news conference with manufacturers, business leaders, labor union officials, state lawmakers and higher education leaders to underscore the threat that the Chinese Communist Party’s “Made in China 2025” campaign poses to U.S.’s economic and national security.
Washington DC - The U.S. Department of Commerce’s Economic Development Administration (EDA) recently announced the 11 recipients of the 2023 STEM Talent Challenge. The challenge supports programs to train science, technology, engineering, and math (STEM) talent and fuel regional innovation economies across the nation. The $4.5 million competition provides up to $500,000 in funding for programs that complement their region’s innovation economy, create pathways to good-paying STEM careers, and build talent pipelines for businesses to fill in-demand jobs in emerging and transformative sectors.
Trenton, NJ - In a landscape where the wealth gap only seems to widen, New Jersey Community Capital (NJCC) is doing more than just talking about change; it’s financing it. As the Garden State’s largest nonprofit community development financial institution, NJCC puts its money where its mission is: affordable housing, small business lending, and affordable homeownership, particularly in neighborhoods most often left behind.
Trenton, NJ - The New Jersey Small Business Development Centers (NJSBDC) network is offering a free webinar to help small emerging tech enterprises navigate the SBIR/STTR funding application process, including the next steps after the approval or denial of funding. “Navigating the SBIR/STTR Application Outcomes – Success or Setback,” an online webinar led by Cheryl Vickroy of the NJSBDC’s Technology Commercialization Team, will take place from 12 noon to 1:30 p.m. on Thursday, Sept. 28.
Washington DC - Created in 1987, the NSF Science & Technology Centers (STCs) program has supported exceptionally innovative, complex research and education projects that have opened up new areas of science and engineering and developed breakthrough technologies through integrative partnerships. The recent announcement of $120 Million in NSF funding for four new centers will bring the current active center portfolio to 17.
New Brunswick, NJ - Rutgers faculty's research, scholarship, and creative endeavors pave the way for innovative solutions to global issues. Our faculty, students, and staff continue to make us proud as they strive for excellence in their fields of study. The continued growth of the Rutgers research and innovation enterprise results from our dedication to New Jersey and the global community. Whether we are tackling global climate change, reducing Alzheimer's risk, or discovering new treatments for diseases, they pave the way for innovation and seek to improve our world.
NJEDA Angel Tax Credit Approvals Drive over $63 Million in Private Sector Investment into New Jersey Companies in 2023
Trenton, NJ – The New Jersey Economic Development Authority (NJEDA) announced today that 28 emerging New Jersey technology businesses benefitted from $63.2 million in private investment as supported in 2023 by the New Jersey Angel Investor Tax Credit Program (ATC). The NJEDA approved 207 investor applications in 2023, for a total of more than $8.2 million in tax credits, based on a percentage of eligible investment. Approved investments support emerging New Jersey-based companies in the life science, technology, and clean technology sectors. Since the ATC program’s inception in 2013, 2,900 investments totaling $872 million have been approved to support 141 New Jersey companies.
Washington DC - According to Mureji Fatunde, "EUNICE YANG FIRST tasted entrepreneurship in her twenties, when she helped run her family’s carton manufacturing business. Five years later, after the business was acquired, she enrolled in a PhD program at Pennsylvania State University. By 2014 she was a tenured professor in mechanical engineering at University of Pittsburgh–Johnstown. After being approached by a colleague in the nursing school, Yang developed an AI-based solution for preventing falls in older adults (rather than detecting them after the fact)."
White House R&D priorities include new focus on regional innovation; other priorities slightly shift
Washington DC - According to Westerville, OH, "A memo sent out last week by the Office of Management and Budget and the Office of Science and Technology Policy outlines this year’s R&D priorities. Federal science agencies will use this memo to design their budget requests for the fiscal year 2025. For the first time, this annual memo references regional innovation as an important element of R&D. The memo mentions regional innovation under the priority, “Reduce barriers and inequalities.” This priority directs agencies to “undertake R&D and apply technology advances to ameliorate inequities and create opportunity in ways that strengthen our values.”'
Trenton, NJ - Dr. Victor Lawrence, a Bell Laboratories inventor and communications trailblazer, will be honored with the Science and Technology Medal — the highest honor at the 2023 Edison Patent Awards. The Nov. 15 event, sponsored by the Research & Development Council of New Jersey, also will give major awards to Bob Garrett, CEO of Hackensack Meridian Health (the Chairman’s Award), and state Sen. Andrew Zwicker (D-Hillsborough) of Princeton Plasma Physics Laboratory (the Educator of the Year Award). The event will be held at the Liberty Science Center.
Washington DC - According to Shayne Spaulding, Ryan Kelsey, and Molly Scott, "Postsecondary education is in a unique moment ripe for reinvention. Young people are reexamining the value of a college degree—as enrollment declines, survey data show Americans have less faith in a four-year degree, and concerns about college debt are widespread. Employers are hungry for talent, especially since the “Great Resignation,” when large numbers of workers quit their jobs following the onset of the COVID-19 pandemic. This environment has created new leverage for workers as support for unions and demands for better pay and working conditions have increased and some employers have reexamined degree requirements."
Newark, NJ - According to NJBIZ, "Michael Johnson, a visionary leader in life science, has been named the new president of the New Jersey Innovation Institute, New Jersey Institute of Technology announced Wednesday. Johnson, who made a name for himself as the co-founder and CEO of Visikol in Hampton — a company he sold in 2021 — will begin Oct. 10. Johnson said he is eager to get started. “I am passionate about translating cutting-edge research into innovative technologies that change the world, and the opportunity at NJII to be the conduit between a leading R1 research organization and industry was very attractive to me,” he said."
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