TRENTON – Legislation sponsored by Senator Fred Madden (D-Gloucester/Camden) and Senate Majority Leader Barbara Buono (D-Middlesex) to promote the establishment of partnerships between institutions of higher education and the business community to increase collaborative research and innovation received final approval today in the Assembly.
“Our institutions of higher education are rich resources for businesses that exist in every corner of our state. By harnessing their expertise, we have the ability to fuel innovation and make our state more competitive in the global economy,” said Senator Madden. “Collaboration between academia and the private sector will also help us to obtain additional federal and private funding for research in critical areas such as engineering, technology, science and health. This will ensure we are better positioned for growth when the economy rebounds.”