Newark, NJ — The Enterprise Development Center (EDC), an NJIT/NJII organization has received the Advancement of Invention & Process Award from the New Jersey Inventors Hall of Fame.
The New Jersey Inventors Hall of Fame (NJIHoF) honors inventors, organizations, and others who have contributed to innovation in the Invention State.
NJIHoF promotes the role of invention in the state’s development and the role of inventors in improving society and changing lives.
Jerry Creighton, executive director of the Enterprise Development Center accepted the award on behalf of the EDC for its role as home to 90 innovative, high-tech companies spanning multiple industries in the state of New Jersey.
“We are honored to receive this NJIHoF award and the recognition it brings to the EDC for our commitment to the development of emerging businesses,” said Creighton.
The New Jersey Inventors Hall of Fame (NJIHoF) honors inventors, organizations, and others who have contributed to innovation in the Invention State.
NJIHoF promotes the role of invention in the state’s development and the role of inventors in improving society and changing lives.
Jerry Creighton, executive director of the Enterprise Development Center accepted the award on behalf of the EDC for its role as home to 90 innovative, high-tech companies spanning multiple industries in the state of New Jersey.
“We are honored to receive this NJIHoF award and the recognition it brings to the EDC for our commitment to the development of emerging businesses,” said Creighton.
The EDC successfully graduates businesses that operate in the IT and life-science business clusters. Residence is open to early-stage/expansion companies that have, or will have, proprietary technology as a significant driver of revenue.
The nearly 90 companies housed at the EDC employ over 800 people. They have attracted more than $136 million in third-party funding since joining the EDC and in 2015 had revenues surpassing $100 million.”
“Since 1988, the EDC has given growing companies a critical edge in finding the right working space, attracting investment capital, building staff and developing effective business plans and marketing strategies,” said Judith Sheft, associate vice president of technology and enterprise development at the New Jersey Innovation Institute.
The companies currently in residence at the EDC have a total of 47 issued patents and 27 patents pending in a variety of technology areas spanning life sciences, telecommunications, information technology, advanced materials and medical devices.
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.
The nearly 90 companies housed at the EDC employ over 800 people. They have attracted more than $136 million in third-party funding since joining the EDC and in 2015 had revenues surpassing $100 million.”
“Since 1988, the EDC has given growing companies a critical edge in finding the right working space, attracting investment capital, building staff and developing effective business plans and marketing strategies,” said Judith Sheft, associate vice president of technology and enterprise development at the New Jersey Innovation Institute.
The companies currently in residence at the EDC have a total of 47 issued patents and 27 patents pending in a variety of technology areas spanning life sciences, telecommunications, information technology, advanced materials and medical devices.
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.
