VIEWS: 26 PAGES: 2 POSTED ON: 11/30/2009
18 NJIT MAGAZINE COLLABORATION IN 2 0 0 4, FORMER NEW JERSEY GOVERNOR essential for creating next-generation platforms JAMES McGreevey issued Executive Order 128 that elevate an entire industry. Universities like NJIT, establishing Newark, New Brunswick and Camden whose research and instructional programs have as “Innovation Zones” so that “New Jersey should an applications focus, are perfect for hosting a new capitalize on its competitive advantage through type of applied research and development center economic development initiatives that support — an entity with the practical attributes of corpo- the State’s world-class academic research univer- rate R&D but also dedicated to activity spanning an sities and science and technology industries.” entire industrial sector and able to freely exchange NJIT has a bold plan for Newark that leverages physical and human resources with the traditional over fifteen years of experience in technology- academic enterprise. business incubation as well as more than a decade of developing a commercial technology park, and Innovation in University Heights which draws on its unique culture of applied scholar- If there is one location where the Innovation Zone ship. The plan recognizes that success combines concept can quickly become a reality that helps large corporations with mid- and small-size com- New Jersey reassert economic leadership, it is the panies in a delicate but essential business ecosystem. University Heights section of Newark. All the Each sector has unique needs reflecting new business ingredients are there waiting to coalesce in a major AUTHOR: models driven by globalization, technological research and economic development effort centered DONALD H.SEBASTIAN on the 60-acre University Heights Science Park. is senior vice presi- change and fierce competition — and all can benefit from strong public-private partnerships that lay the A decade-long initiative sustained largely by institu- dent for research and development foundation for competitiveness through innovation. tional support, Science Park is primed for further at NJIT. To sustain the economic stature and quality of seed funding that can make the area a premier des- life that our state has achieved, incremental growth tination for high-technology firms. simply will not do. New Jersey needs measures Science Park is bounded by the campuses of NJIT that leap-frog the competition and not merely play and the University of Medicine and Dentistry of catch-up. A vigorous, technology-based economy New Jersey (UMDNJ), with Rutgers-Newark and requires a new dynamic among business, govern- Essex County College nearby. It is home to two ment and academe which addresses the wholesale of NJIT’s three business incubators as well as two changes that have altered fundamental concepts of research and development facilities — the CHEN operation in all of these sectors. building housing biomedical research activities Most critical, perhaps, is the need to replace the shared by all three research universities and the large-scale corporate research and development International Center for Public Health, home to entities now all but squeezed out of the American the Public Health Research Institute and UMDNJ business model. Research solidly grounded in the laboratories. needs of the marketplace and yet freed from having While these are very important elements in the to meet the short-term demands of an operating composition of Science Park, certain attributes division is vital for innovation in products and necessary to drive completion of the Park as a key processes. But few companies, if any, can afford to component of a successful Innovation Zone are support activities that have the breadth and depth still lacking. Even with half of New Jersey’s incuba- PHOTO: BILL WITTKOP N EWA R K N EW B RU N S W I C K 19 FOR INNOVATION: NJIT MAGAZINE A NEW MODEL CAMDEN tion capacity in the area, the outflow of incubator nies that tend to be part of industrial supply graduates is too small to stimulate construction of chains and which benefit from proximity to trading commercial space, and the resident research and partners. Access to specialized technical facilities, development is not the type that generates co-loca- laboratory equipment and trained personnel all tion of a “supply chain.” Without a critical mass facilitate their growth. The state’s emerging biotech- of firms and employees, it is difficult to attract the nology companies and stem cell research initiative storefront services and justify the residential con- will gain from access to shared production facilities struction that would complete Science Park and planned for Science Park. NJIT’s advanced instru- deliver the full promise of economic development mentation, Class-10 micro-fabrication center, for the region. prototype manufacturing center and various pilot- scale facilities are in place to assist such companies. Building the Zone Assistance with technical and business issues is To accelerate Science Park toward full-grown status, available through the New Jersey Manufacturing the state needs to prioritize its investments to attract Extension Program, Defense Procurement Center all of the business elements that must co-exist in and other divisions of the university. such a commercial development. Maximizing suc- Resources to support technology-based startups cess will depend on several key factors — attracting are in place as well. NJIT’s Enterprise Development large corporations, supporting mid-size companies Center offers more than 150,000 square feet of and facilitating start-ups. space for business incubation, and has successfully Large corporations would give the park a focus launched over 50 companies. Business planning, and identity while providing commercial opportu- outsourced services and access to capital combine nities for the mid- and small-size companies that with flexibly configured office and lab space to complete the business ecosystem. NJIT complements accelerate business creation and growth. Our novel traditional university assets for this sector with program that teams new starts with interdisciplinary, industry-focused research and development centers cross-university groups to develop federal grant and allied research companies in areas that include funding and private investment is also accelerating communications, microelectronics and materials. business creation. A particular attraction is the New Jersey Home- High technology leading to products with high land Security Technology Systems Center, a central added value and to new, advanced production resource for assessing and integrating the diverse methods will create a robust local economy with technologies needed to protect against terrorism. wide-ranging career opportunities and a stable This center should be a magnet for all companies industrial base — all of which will help New Jersey looking to leverage the state as a real-world test measure up to global competition. If you are in bed for developing security solutions. In addition, the technology sector, Newark is the place to be. ■ NJIT is home to the state’s leading continuing professional education enterprise, which provides For more information about R&D opportunities customized classroom and online instruction for in the University Heights Innovation Zone, many thousands of New Jersey workers each year. contact Donald Sebastian at 973-596-8449 or Also essential is supporting the mid-size compa- firstname.lastname@example.org.
Pages to are hidden for
"sebastian"Please download to view full document