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New Innovation Center Boosts NJ's Medtech Startups

7/22/2025

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Summary

Story summary

NJEDA collaborates with Rowan University to launch a Strategic Innovation Center in Camden and Mullica Hill.
The center aims to foster medical technology startups and strengthen South Jersey's medtech ecosystem.
Plug and Play will manage the center, facilitating partnerships among startups, healthcare leaders, and academic institutions.
Governor Murphy reaffirms the state's dedication to innovation and economic development in the healthcare sector.

History

Historical Context

In 2012, New Jersey's Economic Development Authority launched the "New Jersey Innovation Economy" strategy, investing $1.5 billion to enhance local startups and technology sectors. This initiative reflects a broader trend in the U.S. to foster innovation, exemplified by recent collaborations with institutions like Rowan University, aimed at strengthening South Jersey's medical technology ecosystem and promoting economic growth.

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Story summary

NJEDA collaborates with Rowan University to launch a Strategic Innovation Center in Camden and Mullica Hill.
The center aims to foster medical technology startups and strengthen South Jersey's medtech ecosystem.
Plug and Play will manage the center, facilitating partnerships among startups, healthcare leaders, and academic institutions.
Governor Murphy reaffirms the state's dedication to innovation and economic development in the healthcare sector.

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