TRENTON – Legislation sponsored by Senator Barbara Buono (D-Middlesex) and Senator Sandra Bolden Cunningham (D-Hudson) to promote the establishment of partnerships between institutions of higher education and the business community to increase collaborative research and innovation was approved today in the Senate Economic Growth Committee.
“New Jersey’s colleges and universities are world-class institutions that educate some of the best and brightest in the nation. This legislation recognizes the economic potential for businesses to tap into these resources as a way to foster industry advancements, encourage innovation and make us more competitive in a global marketplace,” said Senator Buono. “Creating partnerships between the academic community and businesses will also make our institutions of higher education stronger in the area of research and development, bring new research funding and grants into our universities and allow our students to learn the skills needed to be successful in today’s workforce.”