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Overview Under the Edison Innovation Fund, the State of New Jersey has created three Innovation Zones throughout the state that encompass state universities, research institutions and related businesses. The zones include areas within the cities of Camden, Newark and the Greater New Brunswick area. Innovation Zones are a collaborative state effort involving the New Jersey Economic Development Authority (EDA), New Jersey Commission on Science and Technology (CST) and other state agencies. These “technology neighborhoods” are designed to spur collaborative efforts and encourage the rapid transfer of discoveries from the laboratory to the marketplace. Enhanced financial incentives are available to eligible technology and life sciences businesses locating in these zones. Companies within the zones will benefit from enhanced partnership opportunities through the state, coordinated by the CST. Each Innovation Zone is anchored with an existing or planned state-of-the-art technology center, offering companies opportunities to lease office, wet and dry laboratory, and production space at attractive rents. Innovation Zone companies are eligible for a variety of funding programs and exclusive zone incentives offered by the New Jersey Economic Development Authority (EDA) and the New Jersey Commission on Science and Technology (CST). Camden Located just one mile from Philadelphia, the Camden Innovation Zone is bounded in the North by the Ben Franklin Bridge, in the South by Chestnut Street, in the East by I-676, and in the West by the Delaware River. Situated along Camden’s burgeoning waterfront – a gateway to the long technology corridor that runs through New Jersey – and in proximity to other technology companies, universities and research centers, the Waterfront Technology Center offers an ideal location convenient to a pool of talented people and important local and regional resources. Waterfront Technology Center neighbors include L-3 Communications Corporation, a major supplier to the U.S. government and private industry of secure communications systems, and the Coriell Institute for Medical Research, an independent, not-for-profit research organization dedicated to understanding human genetic diseases. Southern New Jersey campuses of Rutgers University and the University of Medicine and Dentistry of New Jersey are also located nearby. Located near the New Jersey Turnpike and Interstate 295, the facility is easily accessible by auto and public transportation from any direction and features ample parking for those who drive. For more information on community resources in the Camden Innovation Zone, click here. Newark Located just 12 miles from New York City, the Newark Innovation Zone is bordered to the North by Route 280, to the East by McCarter Highway, to the South by Market Street/South Orange Avenue, and to the West by Bergen Steer/First Street. The NJIT Enterprise Development Center is located in the Newark Innovation Zone and has leasing space available. For more information on community resources in the Newark Innovation Zone, click here. Greater New Brunswick The Greater New Brunswick Innovation Zone consists of areas within New Brunswick, North Brunswick, Piscataway, and Franklin Township. Located 37 miles from New York City and 64 miles from Philadelphia. New Jersey boasts more scientists per capita than any other state in the union. And, in the heart of the state's "Research Corridor" is The Technology Centre of New Jersey. Located on Route 1 in North Brunswick, the Centre is convenient to both New York City and Philadelphia. Moreover, its proximity to well-known institutions of higher learning and major research corporations provide occupants with access to a highly educated and skilled labor pool. Educational institutions include, Rutgers and Princeton universities, the Robert Wood Johnson University Hospital, the Medical Center at Princeton and the University of Medicine and Dentistry of New Jersey. The Technology Centre's biosciences neighbors include Johnson & Johnson, Ortho Pharmaceutical, Schering Plough, Hoffmann-LaRoche, Merck, Aventis, Pharmacopeia, Bristol-Myers Squibb, Covance, Pharmacia & Upjohn Company, and many more. Lucent Technologies, the David Sarnoff Research Center, Bellcore, NEC Research Institute, Siemens Research and other leaders in the advanced technology industries of telecommunications, advanced materials; microelectronics and computer applications are also prevalent in the "Research Corridor." For more information on community resources in the Greater New Brunswick Innovation Zone, click here. World-Class Technology Facilities New Jersey Economic Development Authority also leases space in two world-class commercialization centers located in the Camden Innovation Zone and the Greater New Brunswick Innovation Zone. A third center is in development in the Newark Zone.The Waterfront Technology Center at Camden is a 100,000 square feet of Class A office and technology space that is suitable for both established businesses and startups in the biosciences, microelectronics, advanced materials, information technology and other high-tech fields. The five-story, contemporary glass and metal building offers affordable production, laboratory and office space that can be customized in flexible unit sizes and configurations to handle individual operating requirements and special needs of tenants. In the Greater New Brunswick area, The Technology Centre of New Jersey offers young, growing firms, as well as large established companies, a way to afford modern laboratory and production facilities that are customized to fit their specific research and development needs. Stand-alone facilities from 5,000 to 60,000 square feet can accommodate state-of-the-art clean rooms and wet labs. Individual wet and dry lab modules of 800 square feet, combinable up to 3,200 square feet, are available in our Commercialization Center for Innovative Technologies. Custom build-to-suit facilities are also available for larger companies that require substantial space on an individual basis. Enhanced Partnership Opportunities Companies located within the zones will have access to enhanced partnership opportunities coordinated by the New Jersey Commission on Science and Technology. This Commission will help to strengthen relationships between university researchers and area high-tech businesses. These important partnerships between industry and universities provide industry researchers with access to university labs and help to place students in industrial labs.For more information about New Jersey’s Innovation Zones, leasing information or about other financial programs offered for Life Science and Technology companies call 1-866-534-7789. |
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