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NJ S1037
Bill
Status
1/9/2024
Primary Sponsor
Linda Greenstein
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AI Summary
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Establishes the New Jersey STEM Entrepreneur Fellowship Program at county colleges and four-year institutions of higher education, administered by the Secretary of Higher Education in consultation with the Commissioner of Labor and Workforce Development and the NJ Economic Development Authority
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Requires funding of at least 20 fellowships for individuals with ideas to create, advance, or develop STEM products that will benefit society and result in self-sustaining businesses
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Fellowships are issued for three-year terms and focus on supporting entrepreneurs in commercializing ideas and developing well-structured businesses
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Priority is given to fellowship applications submitted with support from State-backed incubators
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Mandates an evaluation of the program's effectiveness in establishing new businesses no later than five years after the first fellowship is approved
Legislative Description
Requires Secretary of Higher Education to establish New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in STEM fields.
Higher Education
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee
1/9/2024