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Bill > S2814
NJ S2814
NJ S2814Requires Secretary of Higher Education to establish New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in STEM fields.
summary
Introduced
06/09/2022
06/09/2022
In Committee
06/09/2022
06/09/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill requires the Secretary of Higher Education, in consultation with the Commissioner of Labor and Workforce Development and the New Jersey Economic Development Authority, to establish the New Jersey STEM Entrepreneur Fellowship Program in county colleges and four-year institutions of higher education to support entrepreneurs in the Science, Technology, Engineering and Mathematics (STEM) fields. Under the bill, the secretary will fund and administer no less than 20 fellowships. The fellowships may be provided to individuals who have proven to the secretary that they have an idea to create, advance or develop a product in the STEM field which will have a beneficial impact on society and will result in a self-sustaining business in the future. The fellowships will be issued for three years each and will be used primarily to support the entrepreneurs in commercializing the idea and developing a well-structured business.
AI Summary
This bill requires the Secretary of Higher Education to establish the New Jersey STEM Entrepreneur Fellowship Program in county colleges and four-year institutions of higher education to support entrepreneurs in the Science, Technology, Engineering, and Mathematics (STEM) fields. The program will fund and administer at least 20 three-year fellowships for individuals with ideas to create, advance, or develop STEM-related products that will have a beneficial impact on society and result in a self-sustaining business. Priority will be given to fellowships with support from a state-backed business incubator, and the effectiveness of the program in establishing new businesses will be evaluated by the Secretary and the New Jersey Economic Development Authority within five years of the first fellowship approval.
Committee Categories
Education
Sponsors (3)
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee (on 06/09/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S2814 |
| BillText | https://pub.njleg.gov/Bills/2022/S3000/2814_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S3000/2814_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S3000/2814_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S3000/2814_I1.PDF |
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