NEW BRUNSWICK, N.J. – Rutgers, the flagship public research
university in the state of New Jersey, is providing leadership in economic
development by expanding its programs for corporate partnerships and commercialization.
Rutgers has a long history in commercialization, from a
partnership with Merck that led to the discovery of streptomycin to the
founding of Teoma, the company that later became Ask.com. Most recently, the
FDA approved a new HIV drug, rilpivirine, based on collaboration between
Rutgers Board of Governors Professor Eddy Arnold and Johnson & Johnson
subsidiary Janssen Pharmaceutica.
With nine startup companies created from university technologies
in just the last fiscal year, Rutgers is among the nation’s top entrepreneurial
universities. Active collaboration with early-stage venture funds is assisting
Rutgers in moving technologies to marketplace more efficiently.
“Among our outstanding faculty are numerous researchers who
are true leaders in their fields, operating state-of-the-art laboratories, and we’re
working harder and smarter to extend these powerful resources to commercial interests
in New Jersey and beyond,” said Michael J. Pazzani, vice president for research
and economic development at Rutgers. “Given today’s challenging business
environment, Rutgers is applying more creativity and energy than ever before to
our role in economic development.”
The Office of the Vice President
for Research and Economic Development oversees the following programs and
events designed to enhance the innovation ecosystem around Rutgers.
- Rutgers has opened a web portal for the
corporate community, through its Office of Research Alliances, http://www.ora.rutgers.edu, and email
where corporations can learn how to build partnerships with Rutgers including
hiring its graduates, developing R&D partnerships, using advanced
equipment, and licensing technology.
- Rutgers Office of Technology Commercialization
has increased its budget for patenting with a goal of patenting 50% more
inventions in the current year. The office conducts a CEO-in-residence program
which brings entrepreneurs to Rutgers to create the nucleus of new companies
commercializing Rutgers technology. With support from Johnson & Johnson,
the office maintains a proof-of-concept fund to finance efforts by Rutgers
researchers to commercialize their discoveries and new technologies.
- Rutgers will hold a campus-wide event,
Entrepreneurship Day, on Nov. 14, 2011, inviting the investment and corporate
community to interact with students and faculty. Organized by Richard Mammone,
associate vice president for New Ventures, it will include panels of investors,
entrepreneurs, faculty, and students discussing how to move ideas out of the
laboratory and into the marketplace.
- Rutgers will hold Drug Discovery Day on Nov. 3,
2011, highlighting faculty and centers conducting research on all aspects of
the drug discovery process. The event features guest speakers and Rutgers
faculty presenting collaborative efforts leading to cutting-edge discoveries in
fields ranging from cancer to antibiotics for drug-resistant infections, from
Rutgers-led startup companies to mid-sized development stage biotechs to
fully-integrated, world-leading biopharmaceutical companies.
Rutgers also has an extensive portfolio of economic development
programs that help small businesses throughout New Jersey.
Rutgers-Newark Small Business Development Center helps entrepreneurs and
business owners start and grow sustainable, successful small businesses through
the delivery of appropriate training and technical assistance services and
- The Rutgers-Camden
Technology Campus is a science and technology incubator/accelerator
established to support early-stage companies in Camden as they create economic
wealth through commercialization of science and technology, development of new
business ideas, attraction of capital investment, and creation of new jobs. The
incubator supports its early stage client companies by providing an array of
strategic business development services, operational guidance, and
Rutgers EcoComplex in Bordentown, N.J., helps green companies commercialize
and market their ideas. The center offers access to applied research and
demonstration capabilities and facilitates the commercialization of new
technologies that address pressing environmental and energy issues.
Food Innovation Center in Bridgeton,
N.J., provides business and technology expertise, as well as production
facilities, to small and midsized food and agricultural businesses in New
Jersey and nationwide.
particular importance for New Jersey’s future economic growth is the ability of
the state’s higher education institutions to work in partnership with industry.
The important role that Rutgers University plays in advancing New Jersey’s
innovation and economic development future reflects the demands for connecting
the assets and activities of higher education in today’s global knowledge-based
Media Contact: Ed Tate