This report by NJPRO offers a path toward economic recovery that capitalizes on new partnerships among New Jersey businesses, research universities and state government.
Building Bridges between Academic Institutions, Business and Government to Bring Innovation to the Marketplace describes how New Jersey’s economy has relied heavily on high-technology businesses such as pharmaceuticals and communications. However, as markets and capital have retrenched, universities need to collaborate with businesses to help meet both sectors’ strategic and research needs, and create new businesses, jobs and tax revenues.
The report makes a number of recommendations to improve industry-academia collaboration. The study also notes the many efforts already underway in New Jersey, including the state’s network of business incubators and programs at Rutgers University, Princeton University, NJIT, UMDMJ, the New Jersey Technology Council and other organizations.