Washington DC - Mergers and acquisitions (M&A) play a unique and fundamental role in the development of new treatments and cures across the pharmaceutical ecosystem. A research article published yesterday, “The impact of pharmaceutical M&A on innovation: Insights from the literature” by competition and economics experts from Cornerstone Research, explores this in depth. You can read the full article here in Concurrences Law & Economics.
|
New Brunswick, NJ - The Association of Public and Land-grant Universities (APLU) has designated Rutgers University–New Brunswick as an Innovation and Economic Prosperity University in recognition of its substantial and sustained commitment to economic engagement in the region. The national designation highlights Rutgers' role as an economic catalyst through transformative innovations in academic initiatives, pioneering research and impactful community outreach programs. This includes business incubators that have launched thousands of startups, technologies addressing agricultural challenges and the university’s involvement in the New Jersey Health and Life Science Exchange (HELIX) in downtown New Brunswick, which is intended to become a leading hub for research, commercialization and education.
Columbus, OH - According to Conor Gowder of SSTI, "The National Science Foundation’s (NSF) Directorate for Technology, Innovation, and Partnerships (TIP) has released a new pilot map with data on over 3,300 awards nationwide managed by TIP starting from fiscal year 2023. The directorate, according to its press release, hopes to transform the pilot into a “one-stop hub to find one another, facilitate partnerships, and build regional coalitions and innovation ecosystems” by adding additional data and features over time."
Columbus, OH - According to Conor Gowder of SSTI, "The Economic Development Administration’s (EDA) Regional Technology and Innovation Hubs (Tech Hubs) and National Science Foundation’s (NSF) Regional Innovation Engines (Engines) programs require regions to advance a critical technology area that already has traction in their region. However, identifying such critical technologies might be challenging as applicants face deadlines, such as the August 6, 2024, NSF Engines preliminary proposal deadline and the subsequent February 11, 2025, full proposal deadline. Fortunately, SSTI recently updated a data tool comprised of two interactive visuals and a downloadable data file that can assist in identifying the critical technologies in an applicant’s geographic location."
Hoboken, NJ - Stevens Institute of Technology announced today that it will receive $7.25 million in direct appropriations in the State of New Jersey's Fiscal Year 2025 budget. This funding will bolster Stevens’ ongoing steep upward trajectory and enable future growth of education and research programs in artificial intelligence (AI) and related fields.
Rutherford, NJ - Felician University has appointed Dr. Tara E. Kent as the new Dean of the School of Arts and Sciences. In her role, Dr. Kent will enhance academic programs and seek to increase student engagement through innovative curricula and experiential learning opportunities. Dr. Kent brings more than 25 years of experience in higher education to her new position. She said, “I’m enthusiastic about joining the Felician University academic community.
Trenton, NJ - The state’s Career Accelerator program has awarded 133 New Jersey-based employers grants totaling $2.4 million to provide 574 paid summer internships to current New Jersey college students and recent graduates. The employers who are hosting interns this summer represent a wide range of industries and sectors including STEM, construction, energy, finance, technology, media, hospitality retail trade and nonprofit organizations, the Murphy administration announced this week.
Trenton, NJ - The Research & Development Council of New Jersey (R&D Council) has announced the honorees and winners of the 2024 Edison Patent Awards, the state’s highest recognition for inventors and innovation. This year, 14 patents created by 66 inventors and five individual award winners will be honored during the 45th annual Edison Patent Award Ceremony and Reception on November 21, 2024 at Bell Works in Holmdel.
Trenton, NJ - Generative artificial intelligence (GenAI) is poised to radically transform how New Jerseyans work, our workplaces, and the skills we need to succeed in our work. GenAI tools, such as ChatGPT, have an enormous potential to make our jobs easier, our work more productive, and to create new jobs. At the same time, GenAI may also present challenges such as eroding job quality and, in some cases, eliminating jobs altogether.
Trenton, NJ - According to Matthew Fazelpoor, "The Garden State took its latest step in establishing itself as a leader in the artificial intelligence space, as Gov. Phil Murphy signed legislation into law July 25 establishing the Next New Jersey Program. The initiative aims to attract new investment into the state’s AI industry, providing up to $500 million in tax credits for AI businesses. The incentives were originally allocated for the Aspire and Emerge programs. Assembly Bill 4558/Senate Bill 3432 was passed alongside the Fiscal Year 2025 state budget as that process came down the home stretch."
Washington DC - According to National Center for Science and Engineering Statistics, "The nation’s 42 federally funded research and development centers (FFRDCs) spent $29.3 billion on research and development (R&D) in FY 2023, an annual increase of 12.7% in current dollars (table 1). The federal government funded $28.9 billion of the R&D total, which represented a 12.8% annual increase in federal support to FFRDCs. FY 2023 was the 10th consecutive year of nominal growth after 2 years of R&D expenditure declines in FYs 2011–13. The most recent decline in constant dollars occurred from FY 2021 to FY 2022."
Pharma Industry-backed STEM programs have supported 111 million students and nearly 183,000 teachers8/4/2024 Washington DC - According to Lauren Olcott, "America’s biopharmaceutical research companies are making significant investments in STEM (science, technology, engineering and mathematics) education to support career paths within the industry, according to a survey of the country’s leading biopharmaceutical companies conducted by TEConomy."
Trenton, NJ - New Jersey Business Magazine, in conjunction with the New Jersey Business & Industry Association, recently held a virtual roundtable discussion exploring the challenges and solutions concerning the state’s workforce shortage. As we emerge from the “Great Resignation” that was sparked by the COVID-19 pandemic, we find ourselves in a whirlwind of fast-paced technological change that is making it difficult for companies to find workers with the current skills they need. Additionally, businesses are coping with a younger generation of workers whose work ethic is different from millennials and retiring baby boomers.
New Brunswick, NJ - Rutgers Office of Advanced Research Computing, a division of the Office of Information Technology, and the Office for Research have partnered to launch the Research Electronic Data Capture (REDCap) survey tool, a major initiative to support the research, scholarship, and creative endeavors of Rutgers faculty.
Camden, NJ - During the past week, Rutgers University–Camden activated two projects with funding support from the National Science Foundation. These are two recent examples of how the path-defining research underway at Rutgers University–Camden is attracting federal funding to southern New Jersey.
|
Do not miss a single innovative moment and sign up for our newsletter!
|
