Who We Are

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.

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Choose New Jersey’s RFP Watch provides up-to-date information on business opportunities throughout the Garden State at a cost that is affordable for all companies – with a place of business in New Jersey – large and small.

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Technology

HINJ President Testifies at Inaugural Assembly Science, Innovation and Technology Committee

Dean J. Paranicas, President and Chief Executive Officer of the HealthCare Institute of New Jersey (HINJ), testified February 1 at the inaugural hearing of the Assembly Science, Innovation and Technology Committee.

Dean J. Paranicas, President of HINJ, testifying Feb. 1 in Trenton

Paranicas said the panel will play a valuable role by focusing on the needs of New Jersey’s innovation economy, “which has a long legacy as a global leader spanning more than a century in chemicals, pharmaceuticals, telecommunications and food processing, all of which have their roots here.”

The state has made tremendous progress to foster innovation and research in recent years, he said, but more needs to be done. Along with offering specific recommendations, the HINJ President said: “A state’s attitude goes a long way in setting the tone.  In our case, New Jersey needs to embrace the life sciences as Texas embraces oil and gas and Michigan embraces the automobile industry.”

Paranicas commended Assembly Speaker Craig Coughlin for establishing the committee and expressed appreciation to Assemblyman Andrew Zwicker for agreeing to serve as Chairman and to the Committee members for their participation.

The full text of Paranicas’ testimony is posted on the HINJ website here.

NJ Economic Development Administration Awards $46M to 39 Companies

Trenton, NJ, November 29, 2017 — Continuing efforts to foster the growth of the State’s burgeoning technology industry, the New Jersey Economic Development Authority (EDA) announced on November 6 that 39 companies have been approved to share over $46 million through New Jersey’s Technology Business Tax Certificate Transfer (NOL) Program.

Administered by EDA and the New Jersey Department of Treasury’s Division of Taxation, this competitive program enables qualified, unprofitable technology and biotechnology companies to sell net operating losses and/or research and development tax credits to raise cash to finance their growth and operations. Continue reading

NJ Tech Council’s James Barrood on ‘Blockchain: Changing the World, Starting in New Jersey’

Jim Barrood

New Brunswick, NJ, September 28, 2017NJ Tech Council President and CEO James Barrood writes in NJBIZ on the topic of blockchain:

By now, you’ve probably heard that “blockchain will change the world.” Notwithstanding massive recent hype, it almost certainly will. And its impact will be even larger right here in New Jersey, because we’re at the heart of many of the industries it’s likely to transform.

The web is now packed with introductions to blockchain, but here’s the minimum you need to know. It offers a powerful new way to track value, transfer ownership, and confirm transactions securely, without a centralized authority to supervise, act as a bottleneck, or charge high fees for doing so. Continue reading

NJEDA Internships Provide Real-World Experience Within New Jersey’s Innovation Ecosystem

Trenton, NJ, September 25, 2017 — As part of its commitment to developing the next generation of technology and life sciences leaders, the New Jersey Economic Development Authority’s (EDA) Technology and Life Sciences (TLS) team offered two college interns the opportunity to experience New Jersey’s vibrant innovation economy firsthand this summer.

The interns benefited from working at the EDA’s Commercialization Center for Innovative Technologies (CCIT) in North Brunswick, a nationally respected incubation facility dedicated to life sciences and biotechnology companies.

EDA summer internships offer college students multi-faceted, real-world learning opportunities designed to prepare them for a fast-paced work environment. Continue reading

Hundreds of Thousands Rallied, But Where Does the March for Science Go Now?

Washington, DC, September 19, 2017 — Lev Facher reports on STAT that the hundreds of thousands of people who rallied on the National Mall and in cities worldwide for the March for Science in April came to be noticed.

It was a march meant to demonstrate enthusiasm and political clout, and by those measures, organizers believe they succeeded.

But as two dozen of them met in New York the following month for a debrief, they faced an obvious reality: A grass-roots organization that was quickly formed to plan a singular event was not, at least immediately, equipped for far-reaching and long-term science advocacy. Continue reading

Trump’s Tech Council Moves ‘Full Steam Ahead’ Despite Tension with Silicon Valley

President Donald Trump

Washington, DC, September 9, 2017 — Melissa Quinn reports in The Washington Examiner that President Donald J. Trump signaled a willingness to forge a relationship with Silicon Valley in the weeks before assuming the presidency, and his administration has since sought input from the industry to advance its tech policy goals.

But though the broader tech community is aligned with the president on issues such as modernization of government IT systems and removing barriers to innovation, Silicon Valley has continued to split with the administration over several of Trump’s policy decisions. Continue reading

NJ Economic Development Authority Launches NJ CoVest Fund to Provide Seed Capital to Early Stage Companies

Trenton, NJ, September 4, 2017 — Emerging technology and life sciences companies can now apply for seed capital through the new NJ CoVest Fund, offered by the New Jersey Economic Development Authority (EDA).

The NJ CoVest Fund is designed to fill the funding gap that occurs between product development and commercial operation expansion, while at the same time helping New Jersey companies thrive and compete in the global marketplace.

The online application is available at www.njeda.com/njcovest. Continue reading

Senators Menendez and Booker Announce Over $1.4 Million for NJMEP in Federal Funding to Assist NJ Manufacturers

Newark, NJ, September 3, 2017 — U.S. Senators Robert Menendez (D-NJ) and Cory Booker (D-NJ) on August 23 announced a $1,407,216 National Institute of Standards and Technology (NIST) grant awarded to the New Jersey Manufacturing Extension Program, Inc. (NJMEP) based in Cedar Knolls, NJ.

The grant enables the NJMEP to provide technical assistance and other services to New Jersey small to mid-sized manufacturers at lower fees than other business consulting firms, helping them develop new customers, improve global competitiveness, and create jobs.

“Manufactures are an integral part of the backbone of our state’s economy,” said Senator Menendez.  “This federal investment will go a long way in helping many of New Jersey’s small and medium sized manufacturers realize more of their potential through the NJMEP’s innovative programs and initiatives.” Continue reading

Trump Administration Unveils First Blueprint for Federal Investment in Science and Tech; Departs from Its Budget Request

President Donald Trump

Washington, DC, August 21, 2017 — Jeffrey Mervis reports in Science that President Donald J. Trump on August 17 translated his campaign promise to “make America great again” into his administration’s first blueprint for federal investment in science and technology.

The White House on issued a four-page memo telling federal agencies that their research dollars should be focused on delivering short-term dividends in strengthening national defense and border security, the economy, and “energy dominance,” as well as improving public health. Continue reading

Opinion: Assemblymen and Stevens President Urge ‘Restore Funding to Turbocharge NJ’s Research and Development’

Trenton, NJ, August 16, 2017Assemblyman Raj Mukherji (D-Hudson), Assemblyman Troy Singleton (D-Burlington) and Dr. Nariman Farvardin, president of Stevens Institute of Technology, write on innovation and Assembly No. 5123 in an op-ed published on August 15 in The Star-Ledger:

One need only to look at the top performers in the S&P 500 — Amazon, Apple, Google parent Alphabet and Facebook — to confirm an indisputable fact about our modern economy: Technological innovation is the key driver of economic growth.

Policymakers who ignore technology’s disruptive impact on markets, industries and jobs do so at their constituents’ peril. (Think Amazon’s impact on the retail industry.) Continue reading