In his opening remarks, Dr. Joel S. Bloom, NJIT president pointed to NJII as, “The organization specifically created to form bonds among business, government and the resources of NJIT and other universities to solve industry challenges and accelerate economic growth.”
Dr. Donald Sebastian, president of NJII, highlighted the role of New Jersey as the “Birthplace of American innovation and the formation of industrial clusters that have led to the organic growth of vertically integrated industries with our state and the country.”
Tim Franklin, NJII vice president and chief operating officer, introduced the NJ MarketShift Design Forum and highlighted the opportunity for participants from industry, government and academia to shape and strengthen the future of the aerospace and defense industry.
A key objective of the NJ MarketShift Design Forum is to foster working collaborations among companies serving the A&D market. Led by Scott Hutchinson, a co-creator of a process called Strategic Doing, more than 60 participants huddled in group sessions and explored areas in which they offered complementary capabilities. By comparing core competencies participants discovered that through open networks and strategic alliances they could more effectively compete to win A&D business and penetrate related or new markets. A Tool Crib of resources was made available to NJ MarketShift members to aid them in technical training, project management, market exploration and innovation leadership, and a web platform is being created to facilitate ongoing dialog and interaction among members. Many of the participants agreed to meet again to advance the connections made during the event and the next NJ MarketShift Design Forum is planned for the early part of June.
The New Jersey Innovation Institute (NJII) is an NJIT corporation that applies the intellectual and technological resources of the state’s science and technology university to challenges identified by industry partners. Through its Innovation Labs (iLabs), NJII brings NJIT expertise to key economic sectors, including healthcare delivery systems, bio-pharmaceutical production, civil infrastructure, defense and homeland security, and financial services.