Trenton, NJ - According to Kayleigh Alexandra of MicrosStartups, "Today, strong investment in productive education is more important than ever before. After all, fresh generations face so much uncertainty about the future: what will the global job market look like in a decade? Horror stories abound, predicting that artificial intelligence will drive entire industries into obsolescence and push young people into early existential crises."
BioNJ Releases White Paper: "A Framework for Demonstrating the Value of Medical Innovation"6/8/2019 Trenton, NJ - BioNJ, the trade association for New Jersey's life sciences industry, today released "A Framework for Demonstrating the Value of Medical Innovation," a white paper authored by Shailja Dixit, M.D., M.S., M.P.H., President & Founder, ApexBio, and Robert Goldberg, Ph.D., Vice President & Founder, Center for Medicine in the Public Interest, that outlines a structure for innovator companies to assess and demonstrate "Differential Value" for a medical innovation prior to bringing it to market.
From NJBIZ
The New Jersey Economic Development Authority (NJEDA) announced on Thursday it has closed on a $250,000 convertible note to River Edge-based InquisitHealth, to help the population health/technology company further its mission of helping patients with diabetes, asthma, hypertension, and other chronic diseases overcome the social determinants of health and adopt healthy lifestyle changes through its peer mentoring program. The funding was provided through the NJEDA’s NJ CoVest Fund, which is designed to help emerging technology companies bridge the funding gap between product development and commercialization, and further the NJEDA’s ability to support businesses throughout their growth lifecycle. InquisitHealth, which was founded in New Jersey in 2012, plans to use this funding to significantly bolster its workforce and impact in the coming years. Read more here. From New Jersey Business June 2019 From Discovery to Healing With a $29 million National Institutes of Health grant, Rutgers Institute for Translational Medicine and Science will advance clinical research into patient care and treatment more quickly. With partners like Princeton University and NJIT in this statewide collaboration, Rutgers will enable research teams, patient advocacy organizations and members of the community to tackle systemwide scientific and operational challenges. Please click here.
From New Jersey Business June 4, 2019
The BIO International Convention is underway here, with companies/attendees from across the United States and around the world gathering for activities such as professional networking and company partnering, for example. Representatives from New Jersey’s higher education institutions were on location, arguably embodying colleges’ and universities’ increasing efforts – and often successes – at collaborating with industry. Please click here. From NJEDA
For nearly two decades, entrepreneurs developing plant-based meat alternatives, gluten-free breads, functional beverages, and many ethnic specialties have leveraged resources at the Rutgers Food Innovation Center to grow their businesses. Startups considering a move to the Rutgers Food Innovation Center can now apply for rent support through the New Jersey Economic Development Authority’s (NJEDA) NJ Ignite Program. NJ Ignite provides up to nine months of rent-support grants for technology and life sciences startup businesses moving to incubators, accelerators, and coworking spaces throughout the Garden State. Read more here. The New York Venture Summit will be held on July 9-10 at Convene, New York City.
NJ Tech Weekly has made special arrangement for our network to receive a special discount of 10% off the existing “early bird" savings. Early bird rates end at the end of May. This conference will be attended by the best people in the industry. Please register early to avoid disappointment. Register today & save! Click here (Use promo code "NJTECHWEEKLYVIP”) In addition to providing access to leading Investors, the conference will feature more than 100 pre-screened venture backed, emerging and early stage companies seeking capital, and hardcore networking. BioNJ’s annual BioCruise with NewYorkBIO is set for July 18, 4:30-9 p.m.
It sets off from NYC's Pier 81. Read more and register here. From NJBIZ
John Kennedy, president and CEO of the nonprofit New Jersey Manufacturing Extension Program, cited an independent third-party report showing NJMEP is earning a return on investment of 15.3 to 1. Kennedy cited a new study by the W.E. Upjohn Institute that found the National Institute of Standards and Technology’s Manufacturing Extension Partnership Program generates an economic and financial return of 14.4 to 1 for the $140 million annually invested by the federal government. Read more here. Seeking to address the job skills and placement gaps faced by U.S. businesses, U.S. Small Business Administration Acting Administrator Chris Pilkerton announced the launch of the agency’s Makerspace Training, Collaboration and Hiring (MaTCH) Pilot Competition.
By providing funding to create or expand programs with job-specific and soft skills training within existing makerspaces, the SBA is looking to the MaTCH Pilot Competition as a solution to developing much- needed job skills and filling those placement gaps faced by U.S. businesses. From The Hill
Last weekend, just days after attending a White House roundtable on the threat of counterfeit and pirated goods to the U.S. economy, I joined the 90 percent of moviegoers lined up to see “Avengers: Endgame.” After enjoying this fantastic movie, I wrote a quick social media review. Within moments, I received two separate posts directing me to pirate sites, where I could purportedly watch the same film in HD for free. Of course I declined the offer. But as an intellectual property advocate, I couldn’t help but note the blatant online advertising of stolen goods. Read more here. New Jersey Institute of Technology (NJIT) has renamed its College of Architecture and Design for J. Robert and Barbara A. Hillier to reflect the globally renowned architects’ historic donation to the university. Their gift, the university’s largest ever, will enrich the architecture and design program in many ways: with scholarships that diversify the pool of talented architects entering the profession and funds for the technology that will advance it, to name just two. Read more here.
Opinion from PhRMA
May is World Trade Month—a celebration of the industries that import and export goods and services around the world. The month offers a good opportunity to examine the significance of international trade agreements and highlight the important economic role that the innovative biopharmaceutical sector plays both domestically and abroad. As it continues to build on the pro-innovation provisions of the United States-Mexico-Canada Agreement (USMCA), the United States has several major opportunities to raise global standards even further. The successful pursuit of an ambitious trade agenda will help to deliver lifesaving medicines to patients both today and in the future. Read more here. From New Jersey Business
Audible celebrated the opening of its Innovation Cathedral in Newark on May 17, where it will house 400 employees just a few short blocks away from its main headquarters at 1 Washington Park. Formerly home to the Second Presbyterian Church, which was founded in 1811 and would grow to a peak congregation of 10,000 in the 1950s, the structure lay dormant for 25 years. Read more here. From New Jersey Business
More than two-dozen New Jersey entrepreneurs met May 9 with investors from the Mid-Atlantic region as the New Jersey Economic Development Authority (NJEDA) hosted its semi-annual New Jersey Founders & Funders at 1776, a coworking space in the Cherry Hill Mall. Now in its sixth year, New Jersey Founders & Funders connects early-stage technology and life sciences companies with potential investors in 10-minute, one-on-one “speed dating” sessions to discuss strategy, business models, and funding opportunities. Read more here. |
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