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For Immediate Release
Tuesday, May 19, 2006
For More Information:
Edye Fineman
(609) 984-1671

Awards Retain Talented Young Scientists in NJ Technology Companies

Trenton The New Jersey Commission on Science and Technology today awarded its third round of New Jersey Technology Fellowships, providing a total of $695,000 to nine postdoctoral graduates hired by New Jersey technology companies.

“Graduates who receive doctoral degrees in sciences and engineering from New Jersey universities represent one of our greatest resources,” said Commission Chairman Donald L. Drakeman “They bring new ideas into the workplace and provide tremendous expertise to technology companies across the state.  This fellowship program helps New Jersey retain these talented scientists and supports our high-tech industry.”  

The Commission announced the awards at its quarterly meeting held today at Thomas Edison State College. The fellowships were part of the nearly $2.5 million the Commission awarded today to 18 technology companies. The Commission also announced $500,000 in funding to support the creation of a nanotechnology facility at Rutgers University in the Institute for Advanced Materials and Devices.

The New Jersey Technology Fellowship program helps move cutting-edge research from the lab to the marketplace by providing funding for up to two years to emerging high-tech companies that hire postdoctoral graduates from New Jersey research universities.

The Commission recently increased funding for the fellowship program. Currently, first-year fellows are awarded $75,000 and second-year fellows are awarded $85,000.  Last year, the first year of the program, the Commission awarded 14 fellowships. This round of funding marks the first time that second-year fellowships are being awarded.

First-year New Jersey Technology Fellowships announced today include:

Pradeep Bhatta of Princeton University and Princeton Satellite Systems,  Princeton
Princeton Satellite Systems specializes in innovative, cost effective solutions to control system design problems. PSS sells custom control systems and software, commercial software products including a full line of spacecraft and aircraft design tools. Bhatta will help the company look into expanding applications to underwater vehicles. www.psatellite.com

Kelly Corcoran of UMDNJ and Chromocell Corporation, North Brunswick
Chromocell Corporation is working to commercialize biotechnology and pharmaceutical applications of a novel technology for analyzing gene expression in individual living cells. Corcoran will work to improve technical hurdles of the technology in hopes of establishing it as a stem cell enrichment platform. www.chromocell.com

Ankur Gandhi of NJIT and Orthocon, Inc. , North Brunswick
Orthocon primarily focuses on designing, patenting, manufacturing and marketing products for the management of post-operative pain. www.orthocon.com

Megan Tierney of Rutgers University and ProFACT Proteomics, Inc., North Brunswick
ProFACT is building an infrastructure focused on cancer drugs and diagnostics in collaborations with medical research institutions and biopharma. www.profactproteomics.com

Jayita Guhaniyogi of UMDNJ-RWJMS and Prospect Biosystems, LLC, Newark
Prospect Biosystems is an innovative and a creative provider of Proteomics products that are developed through interaction with their customers. www.prospectbiosys.com

Eduardo Perez of UMDNJ and Rutgers University and Signum Biosciences, Monmouth Junction
Signum Biosciences is dedicated to exploiting a cluster of new technologies central to cellular regulation and signaling. Signum applies tools of biochemistry to design and identify compounds that prevent and treat diseases. www.signumbiosciences.com

Eiman Elnahrwy of Rutgers University and Kordinate LLC, Piscataway
Kordinate develops cost effective solutions for locating and tracking any device with a packet radio. Their products enable customers to search, locate and manage large numbers of objects in the physical space. www.kordinate.com

Second-year New Jersey Technology Fellowships announced today include:

David Fela of Rutgers University and Signum Biosciences  Monmouth Junction
Fela is working to help Signum develop pharmaceuticals and botanical extracts that can be used to treat neurological diseases. www.signumbiosciences.com

Anamika Patel of NJIT and Energy Photovoltaics,  Lawrenceville
Energy Photovoltaics develops thin film modules to make solar energy more economical. www.epv.net

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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.