|For Immediate Release
Tuesday, Jan. 25, 2005
|For More Information:
Commission Awards $4.9 million to Promote High-Tech Entrepreneurs
Members also consider ways to improve Technology Transfer
Camden – The New Jersey Commission on Science and Technology, chaired by Medarex CEO Donald Drakeman, today awarded new program grants totaling $4.9 million to assist emerging high-tech firms, business incubators and university researchers for the upcoming year.
“After talking with entrepreneurs and reviewing existing programs, the Commission decided a new effort was needed,” said Dr. Drakeman. “We are providing new and increased business assistance programs that both reflect our renewed focus on providing the tools New Jersey technology-based businesses need to succeed and advance our mission to promote new technology business that creates jobs in New Jersey.”
New program grants awarded today include:
- $150,000 for three SBIR Bridge Grants to enable early-stage high-tech firms to pursue federal research funding. (Total SBIR Bridge Grant program funding is $700,000; award recipients listed below).
- $30,000 for a refocused SBIR Training Program featuring information seminars, grant-writing seminars and a volunteer network of successful entrepreneurs to work with SBIR applicants
- $820,000 for Technology Incubators to provide services tailored to the needs of emerging high-tech business tenants in tech incubators throughout the state. New programming will help accelerate commercialization of their tenants’ technologies and improve their success rates
- $2.3 million in final year funding for the R&D Excellence Program
- $1.6 million for the New Jersey Manufacturing Extension Program
Commission members also approved new programs to finance post-doctoral graduates working at New Jersey businesses and to enhance programs to commercialize university intellectual property in order to speed up the transfer of innovations from lab to marketplace.
SBIR Bridge Grant
The Commission’s new SBIR Bridge Grant program offers funding up to $50,000 to companies that have won federal funding for feasibility studies (Phase I) but are waiting for additional federal funding of detailed research and development, as well as commercialization analysis of their product (Phase II).
F&H Applied Science Associates, Inc.
Mount Laurel (856) 235-6781
Robert Fishel, president
F&H is working with the US Air Force on the development of prototype devices and subsystems. They work on both software and hardware activities in the areas of surveillance, communications and Microwave and Photonics devices and systems. In the past ten years, F&H has provided services to NIH, DoE, DoD and other government agencies. F&H is a tenant in the Burlington County Community College High Technology Small Business Incubator which has significant resources available for successful commercialization of the proposed microchip laser. F&H currently is developing a High Power Amplifier that will augment the capabilities of advanced munitions for the US Air Force.
New Jersey Microsystems, Inc.
Newark (973) 297-1450
Dadi Setiadi, chief technology officer
New Jersey Microsystems is working with NASA on a proposed system of small sensor tags, which include a cardiopulmonary sensor for measuring heartbeat and breath rates continuously, for astronauts. Astronauts can wear a single wireless sensor worn as a Band-Aid like adhesive, allowing additional sensors to be added. Data can be displayed locally or telemetered to earth stations for review by clinicians.
South Brunswick (732) 355-0100
Wlodek Mandecki, president
PharmaSeq provides ultra-small microtransponders and a fluidics-based, bench-top flow reader as tools to perform complex bioassays. The main goal of the present project is to build a two-color instrument for reading microtransponders to permit quantitative bioassays. The flow reader can be used for diagnostics in vitro and drug discovery projects.
NJCST, established in 1985, is responsible for the development and oversight of policies and programs promoting science and technology research and entrepreneurship in New Jersey. Commission members include business leaders, university leaders, scientists, the Secretary of Commerce and Economic Growth Commission, the Commissioner of Education, a representative of the Governor and four legislators.