Establishes "Innovation Partnership"; provides funding for certain nonprofit partnerships to promote certain emerging technology businesses.
This bill establishes the "Innovation Partnership" to support emerging technology businesses across New Jersey through regional focus areas (northern: financial technology/cybersecurity, central: healthcare/life sciences, southern: agriculture/aviation, shore: renewable energy/autonomous vehicles). It creates an Innovation Fund to provide grants to certified nonprofit organizations, requiring private sector matching of funds for each grant. The program prioritizes nonprofit partners with diverse leadership and locations in designated municipalities, while specifically targeting support for minority and women's emerging technology businesses. Partners must report annually on their activities to the New Jersey Commission on Science, Innovation and Technology.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
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Full legislative history
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Total actions
1
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0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Science, Innovation and Technology Committee
lower
2 primary · 3 co-sponsors
Sponsors
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