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Bill > A2414
NJ A2414
NJ A2414Requires Secretary of Higher Education to establish New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in STEM fields.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 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 mandates the Secretary of Higher Education to create the New Jersey STEM Entrepreneur Fellowship Program, which will operate within county colleges and four-year higher education institutions across the state to support individuals with innovative ideas in Science, Technology, Engineering, and Mathematics (STEM) fields. This program, developed in collaboration with the Commissioner of Labor and Workforce Development and the New Jersey Economic Development Authority, will fund at least 20 fellowships, each lasting three years, to help entrepreneurs commercialize their STEM-related product ideas that promise societal benefit and future self-sustainability, with a preference for those supported by state-backed incubators. Furthermore, the Secretary will be responsible for evaluating the program's effectiveness in fostering new businesses within five years of the first fellowship being awarded.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced, Referred to Assembly Higher Education Committee (on 01/13/2026)
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/2026/A2414 |
| BillText | https://pub.njleg.gov/Bills/2026/A2500/2414_I1.HTM |
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