Establishes "Artificial Intelligence Innovation Partnership"; provides funding for certain nonprofit partnerships to promote certain emerging technology businesses.
S 4253 establishes the "Artificial Intelligence Innovation Partnership" to support emerging AI technology businesses across New Jersey through regional nonprofit organizations. The bill creates four regional partnerships focused on specific AI applications: financial technology/cybersecurity in the north, healthcare/biotech in the center, agriculture/aviation in the south, and renewable energy/autonomous vehicles on the shore. These nonprofit partners will provide business incubation, technical assistance, access to capital, and support for underrepresented AI businesses, with priority given to those demonstrating diversity in ownership or leadership. Partners must match state funding with private investment and will be required to submit annual reports on their activities and outcomes to the New Jersey Commission on Science, Innovation and Technology.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 3, 2025
Last action Mar 3, 2025
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Full legislative history
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1
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Committee
0
Mar 3, 2025
Introduced
Introduced in the Senate, Referred to Senate Economic Growth Committee
upper
2 primary · 0 co-sponsors
Sponsors
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