A report released this morning by a research group suggests a path toward economic recovery for New Jersey that capitalizes on new partnerships among businesses, research universities and government, a North Jersey news web site is reporting.
Presented as part of the state’s July 12-16 “Innovation Week,” “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, according to CLIFFVIEWPILOT.COM.
However, as markets and capital have retrenched, state colleges and universities are being forced to collaborate with business to help meet both sectors’ strategic and research needs, and create new businesses, jobs and tax revenues, the report says..
As an example, the report points to UMDNJ and Novartis, who are working together to build clinical trial capabilities is an example of a direct partnership. If successful, this program would be a significant source of sustainable revenue. CONTINUED (w/copy of the report and HIGHLIGHTS)
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