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The New Jersey Life Sciences Vendors Alliance (NJLSVA) is a coalition of businesses, individuals and academia who provide goods and services to New Jersey’s life sciences companies.

The NJLSVA was founded to educate suppliers on trends in industry procurement and public policy that affects the life sciences industry.

Lt. Governor Guadagno Celebrates Innovation in New Jersey Business Magazine’s ‘Innovation Ecosystem’ Supplement

Lt. Governor Kim Guadagno

Lt. Governor Kim Guadagno

Trenton, NJ, June 20, 2016New Jersey Business magazine, a publication of New Jersey Business & Industry Association (NJBIA), has published a special supplement, “Innovation Ecosystem: Forging Academic & Industry Collaborations,” that was unveiled at the Biotechnology Innovation Organization’s (BIO) annual international convention in San Francisco earlier in June.

The supplement includes profiles of Montclair State University, Rowan University, Rutgers University and Stevens Institute of Technology.

In the supplement, New Jersey Lt. Governor Kim Guadagno writes, “It is a pleasure to join New Jersey Business magazine for its Innovative State issue.  I applaud New Jersey’s high-tech industries for continuing to grow and thrive, creating almost 360,000 jobs and improving the economic climate of our state.”

“This administration,” Lt. Governor Guadagno says, “recognizes how immensely important this sector is to our economy.  The New Jersey Economic Development Authority has invested heavily in creating countless resources for emerging technology companies.”

“More than $125 million in investments has been leveraged through the state’s Angel Investor Tax Program,” she continues.  “Under this program, investors that finance an eligible New Jersey emerging technology business may benefit from a tax credit, worth 10 percent of the qualified investment.  This encourages investors to support growing businesses, which may lead to new and innovative technologies.”

“Additionally, more than $860 million has been provided to over 500 technology and biotechnology companies through the state’s Technology Business Tax Certificate Transfer (NOL) program since 1999,” Guadagno continues.  “In addition, there are numerous programs offered through the state’s Edison Innovation Fund to help high-tech businesses succeed.”

The Lt. Governor says, “Here in New Jersey, we have more scientists and engineers per square mile than anywhere else in the world.  We know that it is the high caliber of those minds that has the greatest effect on our state and on our markets.  This is where the brilliant men and women, who call New Jersey home, truly excel. New Jersey ranks among the top states in the country for life science clusters.”

She goes on to note that, “We are one of the top states for biotechnology growth potential, space and defense manufacturing, and high technology job growth.  We are even ranked as the 4th most innovative state in the nation.  We have proven repeatedly that innovation is the norm for New Jersey and the next great discovery is always just around the corner.”

Lt. Governor Guadagno concludes, “We are extremely proud of all the high-tech companies that have decided to call New Jersey home, and we look forward to welcoming more in the future.”

To access New Jersey Business’ 16-page supplement, click below.