Trenton, NJ - New Jersey is being touted as a national leader at the BIO Digital International Convention taking place this week. Released earlier today, BIO/TEConomy’s report, “The Bioscience Economy: Propelling Life-Saving Treatments, Supporting State & Local Communities,” analyzes the bioscience industry’s economic footprint across the nation. The study details each of the biosciences subsectors including, biotechnology, pharmaceuticals, health care technology systems, agriculture and therapeutic devices.
NJ Assemblywoman Carol Murphy pushes for expanded 5G network, will ‘help usher our state into the 21st century’
Trenton, NJ - According to NJ Globe, "Three Assembly Democrats have introduced legislation to help expand 5G internet networks throughout New Jersey. The bill, sponsored by Assemblywoman Carol Murphy (D-Mount Laurel), Assembly Majority Leader Louis Greenwald (D-Voorhees) and Assemblyman Wayne DeAngelo (D-Hamilton) would create statewide regulations to ease the process."
U.S. National Nanotechnology Initiative strong but future threatened by rise in global R&D competitors
Columbus, OH - According to SSTI, "The National Academies of Sciences, Engineering, and Medicine recently released its report on the state of the U.S. National Nanotechnology Initiative (NNI) — authorized by the 21st Century Nanotechnology Research and Development Act of 2003 to coordinate the nanotech-related R&D activities of 26 federal agencies — finding that although the U.S. has maintained a strong program it is increasingly challenged by international competitors. Specifically, the report names China as the primary contender for the U.S.’ spot at the top and attributes its success to strong Chinese leadership and commitment to substantial investment in the field. "
Columbus, OH - Accordint to Ellen Marrison, "With efforts underway to return people to jobs, the time is ripe to rethink our approach to the workforce. Instead of returning to the way things were, now is the time to re-think the kind of country we want to have says Carl Van Horn, founding director of the Heldrich Center for Workforce Development at Rutgers University. Van Horn and Jane Oates, president of WorkingNation, presented their ideas for workforce recovery and lessons learned from the Great Recession during a Federal Reserve Bank of Atlanta Center of Workforce Development webinar yesterday."
New Brunswick, NJ - According to Esther Surden, "It’s been a long journey, but the Black and Latino Angel Investment Fund of New Jersey is about to hear pitches from the first three entrepreneurs hoping for investment. The fund, started by Lyneir Richardson, executive director of the Center for Urban Entrepreneurship & Economic Development at Rutgers Business School in Newark, has 10 angel investors and has raised $500,000 so far. The angels want to invest at the pre-seed level in companies headed by Black and Latino founders in the Newark area. The fund continues to look for new angel investors to join on this journey."
Washington DC - According to ITIF, "The Trump administration has rightly made a big push to get more foreign companies to locate operations in the United States and get American-headquartered multinationals to move more work back onshore. There is even a branch of the Department of Commerce – Select USA – whose job is to promote such activity."
How China’s Mercantilist Policies Have Undermined Global Innovation in the Telecom Equipment Industry
Washington DC - According to ITIF, "The telecommunications equipment industry serves wireless and wireline providers, including for voice, data, and video. The industry is technologically sophisticated, yet nowhere near mature. In the wireline industry, both switches and cabling regularly improve in speed and capacity. Each new generation of wireless technology—now moving into its fifth, known as 5G—brings order-of-magnitude improvements in wireless networks."
Trenton, NJ - According to Esther Surden, "The New Jersey Commission on Science, Innovation and Technology (CSIT) announced that 14 early-stage companies will receive funding through the New Jersey Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Support programs. The grant programs are designed to enhance New Jersey’s innovation economy by providing technical and financial support to small businesses in New Jersey that are pursuing, or participating in, the federal SBIR and STTR grant programs."
Rutgers Signs Agreements to Advance Gene Therapy Research for Congenital Muscular Dystrophy with Santhera Pharmaceuticals
Piscataway, NJ – The fight against muscular dystrophy is now stronger as Rutgers University signs two agreements with Santhera Pharmaceuticals to advance pioneering research for the treatment of congenital muscular dystrophy. The agreements – one licensing agreement and a research collaboration – complement the ongoing research of Peter Yurchenco, professor of the Department of Pathology and Laboratory Medicine at Rutgers Robert Wood Johnson Medical School (RWJMS) and a pioneer in a novel gene therapy approach for the treatment of LAMA2-deficient congenital muscular dystrophy (LAMA2 MD or MDC1A).
Washington DC - According to Joanne S. Eglovitch, "The biopharmaceutical industry is collaborating with academia in an initiative launched last year in the hope that by teaching university classes, industry experts can help to fill a widening workforce gap in cell and gene manufacturing, continuous manufacturing and combination products. There is a shortage of workers in these areas and more partnerships with academia are needed to address the problem, say industry officials and a representative of academia at a recent meeting."
Washington DC - According to Konni Lorenz, "Last week, the U.S. Department of Energy (DOE) announced that the Cybersecurity Manufacturing Innovation Institute (CyManII) will be led by the University of Texas San Antonio (UTSA). CyManII will lead a national consortium with partners from industry, universities, and three DOE National Laboratories (Idaho, Oak Ridge, and Sandia). Its focus: to make U.S. manufacturing more energy efficient and cyber secure by tackling two key obstacles in manufacturing: securing automation and securing supply chain networks. Over five years, the institute will leverage up to $70 million in federal funding, subject to appropriations, and will be matched by over $40 million in private cost-share commitments"
New Brunswick, NJ - TechAdvance supports Rutgers researchers to advance their innovative technologies toward commercialization while providing unique opportunities to present their ideas to mentors, partners and investors. Hear from four TechAdvance award recipients and see how TechAdvance funding is helping them to transform their ideas into products that will make a positive impact on the world around us.
Washington DC - According to Konni Lorenz, "The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) named Mojdeh Bahar as the new associate director for innovation and industry services (ADIIS). The ADIIS provides oversight for the key extramural and technology transfer programs of NIST and is responsible for enhancing the successful transfer of new technologies from NIST’s world-class research laboratories to commercial markets, reporting on behalf of the federal government impacts from the $150 billion federal investment in research, and technology transfer policy development and implementation."
Newark, NJ - According to Esther Surden, "So, who are the seven startups that form the NVP Labs accelerator class during the COVID-19 pandemic shutdown? The founders include former employees of Google, Spotify and Dropbox, and a former Princeton professor, as well as four female founders and four founders of color, according to Newark Venture Partners. Four of the companies are from New Jersey, and two of those were established in Newark. The companies represent the healthtech, supply-chain tech, voice and fintech verticals."
Washington DC - After dropping significantly in the Great Recession, inflation-adjusted U.S. manufacturing output has continued to decline as a share of gross domestic product (GDP), down 3.5 percent between 2009 and 2019 (0.41 percentage points), even with the strong cyclical rebound in the motor vehicle sector. While U.S. manufacturing performs adequately in a few sectors—such as primary metals, chemicals, computers and electronic products (including semiconductors)—most other sectors are smaller as share of the U.S. economy than they were a decade ago.
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