In July 2021, NJEDA approved policy guidance for utilizing recently appropriated funds to undertake development of or investment in strategic innovation centers.
Strategic Innovation Centers are facilities that either directly support research and development (R&D), innovation, or entrepreneurship or are aimed at solving specific problems in new and innovative ways through a combination of services such as mentorship, networking opportunities, hands-on training, business support services, education opportunities, and/or access to testing, fabrication, or manufacturing facilities and equipment.
The aim of funding strategic innovation centers is to accelerate economic recovery and drive the long-term growth of the State’s innovation economy.
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