Strategic Innovation Centers

Strategic Innovation Centers (SICs) are facilities designed to support research and development (R&D), innovation, entrepreneurship, or to address specific problems using innovative methods. These objectives are met by providing a range of services, including:

– Mentorship
– Networking Opportunities
– Practical Training
– Business Support Services
– Education Programs
– Access to testing, Fabrication, or Manufacturing Facilities and Equipment

Discover More

NJEDA aligns partners to advance an industry initiative.

Benefits & Impacts of SICs

SICs provide major benefits to businesses and entrepreneurs in New Jersey to accelerate growth through job creation, investment dollars, alliances and partnerships, among other strategic objectives.

Information & High Technology

Advanced Manufacturing/
Innovative Industries

Life Sciences

12 SICs across: INFORMATION AND HIGH TECHNOLOGY, ADVANCED MANUFACTURING/INNOVATIVE INDUSTRIES and LIFE SCIENCES, create critical infrastructure and conditions to grow the innovation economy.

Background

On January 7, 2021, Governor Murphy signed the New Jersey Economic Recovery Act of 2020 (ERA) into law. The ERA included amendments to the Authority’s Economic Recovery Fund (ERF) to provide equity in innovation centers, research centers, incubators, accelerators, and other similar innovation-oriented entities.

Governor Murphy has allocated $258 Million for this initiative. The aim of funding strategic innovation centers is to accelerate economic recovery and drive the long-term growth of the State’s innovation economy with a focus on supporting increased diversity & inclusion within the state’s entrepreneurial economy.

Are you interested in partnering with NJEDA on a Strategic Innovation Center?

Potential proposals must support a broad range of companies/businesses in a targeted industry OR support increasing diversity and inclusion within the State’s entrepreneurial economy. Proposals should also have public private partnerships and a university engagement component. Potential SICs must have a unique identity within the state.

Public Private Partnership

The private sector lead must have a minimum 1:1 match with both significant experience and financial commitment. The NJEDA will be an equity partner in the project and an advisor, but not a day-to-day operator.

One to Many

One location with a single focus that will help many entrepreneurial businesses.

Universities

The SIC should have an engagement plan that includes partnerships with NJ Universities and key community partners with an emphasis on advancing diverse entrepreneurs and underserved communities.

Contact Us

To receive more details and a follow-up from our team, please complete our brief contact form.

"*" indicates required fields

Strategic Innovation Centers