Bill

Bill > A5063


NJ A5063

NJ A5063
Establishes "Innovation Partnership"; provides funding for certain nonprofit partnerships to promote certain emerging technology businesses.


summary

Introduced
01/12/2023
In Committee
03/23/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Establishes "Innovation Partnership"; provides funding for certain nonprofit partnerships to promote certain emerging technology businesses.

AI Summary

This bill establishes the "Innovation Partnership," a program administered by the New Jersey Commission on Science, Innovation and Technology, to provide funding and support for certain nonprofit organizations that promote emerging technology businesses in the state. The bill defines key terms, such as "emerging technology business" and "minority emerging technology business," and outlines the goals and policies of the Innovation Partnership, including identifying and developing new technologies, providing access to capital, and supporting business incubation and spin-out companies. The bill also specifies the process for selecting and certifying the nonprofit organizations that will serve as "Innovation Partners," and establishes the "Innovation Fund" to receive and administer the funding for this program.

Committee Categories

Business and Industry

Sponsors (8)

Last Action

Reported out of Assembly Comm. with Amendments, 2nd Reading (on 03/23/2023)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...