Establishes "Innovation Partnership"; provides funding for certain nonprofit partnerships to promote certain emerging technology businesses.

S 1580 proposes creating the "Innovation Partnership" program to fund nonprofit organizations that support emerging technology businesses in New Jersey. The program would provide grants to certified nonprofits working with the state's Commission on Science, Innovation, and Technology to help businesses in fields like cybersecurity, biotechnology, and renewable energy. It specifically prioritizes funding for minority-owned and women-owned emerging tech businesses (defined as having at least 51% ownership by minorities or women, respectively). The bill establishes a dedicated fund and requires nonprofits to be certified by the commission to qualify for these grants. This would directly affect eligible tech startups and their supporting nonprofit partners across the state.