Washington D.C. - According to SSTI, last week, the incoming Biden administration announced an “American Rescue Plan” to address immediate health and economic threats from COVID-19. On the economic side, the plan goes further than immediate relief and begins to address some longer-term strength and resilience concerns. Among other provisions, it would provide $35 billion for a new business finance program that support venture capital, $350 billion for state and local governments to help address budget shortfalls, $35 billion for higher education and $3 billion for the Economic Development Administration.
Washington D.C. - According to SSTI, President Joe Biden has named geneticist Eric Lander the director of the Office of Science and Technology Policy (OSTP) and the president’s science advisor. Biden also promoted the science advisor role to a cabinet-level position, becoming the first president to do so, stating that, “science will always be at the forefront of my administration.”
Institute for Life Science Entrepreneurship at Kean University Introduces Biotech LaunchPad to Support Startups
Union, New Jersey - According to Kean University, the Institute for Life Science Entrepreneurship (ILSE) at Kean University has created Biotech LaunchPad, a comprehensive suite of business and scientific services to support the commercial success of life science startups. This new resource for scientists, clinicians and entrepreneurs gives early-stage life science companies flexibility in choosing services to support their growth and development.
Newark, New Jersey - According to NJSBDC, America’s Small Business Development Centers – New Jersey (NJSBDC) welcomes Matt Wells as the Regional Director of the NJSBDC of Northwest Jersey
NJEDA Board Approves NJ ZIP Pilot Program - New Program Incentivizes Use of Zero-Emission Vehicles in Camden and Newark
Trenton, New Jersey - According to the New Jersey Economic Development Authority (NJEDA), Board of Directors today approved the New Jersey Zero Emission Incentive Program (NJ ZIP). The $15 million pilot program will fund 100 to 300 vouchers ranging in value from $25,000 to $100,000 for businesses and institutional organizations in the greater Newark and Camden areas for the purchase of new, zero emission medium and heavy-duty vehicles (MHDVs). Bonuses will be available for small businesses and minority-, women-, and veteran-owned businesses. The NJEDA anticipates launching the program in the coming months.
Washington D.C. - According to SmartBrief, COVID-19 changed everything, especially paradigms around clinical development. Forced to pivot to a digital-first environment and under intense pressure to deliver diagnostics, vaccines and therapeutic solutions, life sciences companies embraced innovation and a new level of collaboration—and they delivered with unprecedented speed and success.
AdvaMed Praises Expanded Coverage of FDA-Designated “Breakthrough” Medical Technologies for Medicare BeneficiariesNew Medicare Coverage Pathway—Medicare Coverage of Innovative Technology (MCIT)—Offers Hope to Our Seniors
Washington D.C. - According to AdvaMed, President and CEO Scott Whitaker commended CMS on the rule the agency released today establishing a new coverage pathway – MCIT – for breakthrough medical technologies:“Too many of our seniors are afflicted by conditions for which no treatment options exist. From heart failure to cancer, from Alzheimer’s to diabetes, too many are suffering with ailments that actually could be treated with next-generation care. Today’s announcement by CMS Administrator Verma will help ensure Medicare beneficiaries will benefit from breakthrough technologies. On behalf of our industry and the potentially millions of seniors who stand to benefit from these lifechanging innovations, we applaud the Adminstrator’s leadership and thank her and her team for taking this important step forward.
Trenton, New Jersey - According to northjersey.com, pledging to make New Jersey a model for moving forward from the COVID-19 pandemic, Gov. Phil Murphy on Tuesday suggested plans to further criminal justice reforms and expand early voting in his reelection year while recommitting to his unfulfilled promise of ethics overhauls in Trenton. In a State of the State speech that would otherwise be draped in pageantry and punctuated with standing ovations, Murphy instead spoke in a prerecorded address to an empty theater that now seems standard in an era when social distancing is second nature and face masks are required.
CSIT Announces Clean Tech Seed Grant Program - Program Will Make up to $75,000 Available to Companies Furthering Clean Tech R&D
Trenton, New Jersey - According to the New Jersey Commission on Science, Innovation and Technology (CSIT), the commission today announced that it will launch its Clean Tech Seed Grant Program next month. The program will help accelerate development and innovation of clean technologies by furthering research and development (R&D) within the Garden State’s clean technology startup community. CSIT developed the program in coordination with the New Jersey Board of Public Utilities (NJBPU) and the New Jersey Economic Development Authority (NJEDA). The application will be available at http://www.njeda.com/csit.
The Clean Tech Seed Grant Program provides grants for R&D activities to very early-stage, New Jersey-based clean technology companies. Specifically, the program will fund projects that are developing or testing clean technologies intended to recapture or avoid emissions of greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture. The following technology areas are eligible under the program: Chemicals/Advance Materials, Energy Distribution/Storage, Energy Efficiency, Energy Generation, Green Buildings, Transportation, Waste Processing, and Water and Agriculture.
New York, New York - According to Catalyst, the Secretary Of Treasury, in his last month in office, is giving us a textbook case of how not to regulate important technology innovation. The issue is “unhosted wallets” and how regulated exchanges and other “hosted wallets” interact with them.Let’s start with why this is important. Our current financial systems are old, creaky, expensive, and do not serve enough people. According to a 2017 survey by the FDIC, 25 percent of U.S. households are unbanked or underbanked. That is close to 100mm people, mostly black and brown. This is a big deal. This is a piece of the structural inequity that exists in the US and around the world.
Trenton, New Jersey - According to NJ.com, By Star-Ledger Guest ColumnistBy Dean J. Paranicas
New Jersey has long been a national and global leader in the advancement of human health. With the most scientists and engineers per square mile in the U.S. and one of the greatest concentrations of life sciences companies on the planet, our home state has richly earned its reputation as the “Medicine Chest of the World.”
As the world focuses on the breathtaking progress of our research-based biopharmaceutical and medical technology companies to combat COVID-19 – the vaccines, diagnostic tests, repurposed medicines and medical devices that are now treating COVID patients – New Jersey’s life sciences continue to pursue their mission of researching and discovering new treatments and cures to improve patients’ lives.
Columbus, OH - According to Colin Edwards, "A thriving innovation economy requires a robust R&D enterprise — with participation by academia, government, and the private sector. As a substantial performer and funder of R&D in the United States, the strength of private industry’s R&D activity in a region can provide an indication of the region’s capacity for bringing innovative technologies to market. Using data from the recent release of the National Science Foundation’s 2018 Business Enterprise R&D Survey, this SSTI analysis shows that while total R&D performed domestically by private companies in 2018 increased over 2017, as did the share of the R&D that was paid for by companies, this was not the case for all states."
Trenton, NJ - Like many New Jersey industries, the integration of technology and artificial intelligence (AI) continues to play a major role in the transformation of the trade, transportation & utilities industry. Individuals working in the industry are likely already well accustomed to working with the latest software, programming, and platforms. However, these advancements do not come without challenges. Maintaining the security and privacy of confidential, sensitive information and constantly changing technologies are two major challenges for the industry.
Trenton, NJ - An online portal for New Jersey residents to register for a coronavirus vaccine went live this week. The link can be found here. Currently, the state is only vaccinating healthcare workers and nursing home residents and staff, classified as 1a. But the website allows people who are not currently eligible to pre-register.
Morristown, NJ - County College of Morris (CCM) is offering individuals an opportunity to embark on a well-paying career path in advanced manufacturing by taking part in on-the-job training through its Career Advance USA apprenticeship program.
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