|For Immediate Release
Wednesday April 20, 2005
|For More Information:
Commission Names First New Jersey Technology Fellows
New program retains high-tech talent, supports emerging business
Trenton – The New Jersey Commission on Science and Technology today named nine New Jersey Technology Fellows, announcing the first partnerships under a new program providing $50,000 for selected post doctoral graduates hired by New Jersey technology-based companies.
“The New Jersey Technology Fellowship program fulfills several of the Commission’s goals,” said Donald Drakeman, chairman of the Commission and CEO of Medarex, Inc.
“These Fellowships will encourage collaborations between our research universities and our business community, provide needed talent to New Jersey entrepreneurial companies and convert innovation into commercial products.”
NJCST, established in 1985, is responsible for the development and oversight of policies and programs promoting science and technology research and entrepreneurship in New Jersey. Commission members include business leaders, university leaders, scientists, the Secretary of Commerce and Economic Growth Commission, the Commissioner of Education, a representative of the Governor and four legislators.
Commission action today included:
- $495,000 for New Jersey Technology Fellowships to selected post-doctoral graduates hired by New Jersey technology-based businesses; $50,000 to pay the post doc and $5,000 for the post doc’s equipment, training or conference attendance needs. (See attached list of participating post-docs and companies)
- $1 million through the new University Intellectual Property program to New Jersey research universities to more effectively commercialize university intellectual property in order to speed up the transfer of innovations from lab to marketplace
- $100,000 for two SBIR Bridge Grants to enable early-stage high-tech firms to pursue federal research funding. In January, $150,000 in grants was awarded directly to New Jersey entrepreneurs. (See attached list of recipients)
- Stem Cell Research Resolution expressing the Commission’s support for Gov. Richard Codey’s $380 million stem cell research initiative and the goals of the Stem Cell Institute of New Jersey
- Creation of a Task Force focused on clinical trials and clinical research
New Jersey Technology Fellowships
Andrew Colasanti and Provid Pharmaceuticals
PhD Rutgers University, Department of Molecular Biology
Provid Pharmaceuticals Inc., 732 980-9229
Piscataway; 15 employees
Provid Pharmaceuticals is a chemistry-based drug discovery company with proprietary technology and successful internal research. Provid builds relationships with biotech companies and academic groups that have outstanding biology, but need high-level chemistry expertise to invent the drug compounds that are the currency of the pharmaceutical industry. Dr. Colasanti is expected to develop new tools for drug discovery to enhance the company’s research programs.
Meredith Feins and Gibbs Energy, LLC
PhD New Jersey Institute of Technology, Chemical Engineering
Gibbs Energy, LLC. 973 297-1880
Newark Innovation Zone; 8 employees
Gibbs Energy LLC is an engineering service company specializing in research and development of energy technology. Current activities are in the areas of fuel cells, distributed fuel synthesis, hydrogen generation, renewable energy and carbon management. Dr. Feins is expected to help Gibbs produce synthetic liquid fuels.
David Fela and Signum Biosciences
Ph.D. Rutgers University, Biochemistry
Signum Biosciences, Inc. 732 329-6344
South Brunswick, 6 employees
Signum Biosciences is applying the tools of molecular biochemistry to design and identify compounds to prevent and treat diseases originating from a failure within the signaling system of human cells, including Alzheimer’s Parkinson’s and various skin conditions. Dr. Fela is expected to develop botanical extracts that can be used to treat neurological diseases.
Adnan Gundel and New Jersey Microsystems, Inc.
Ph.D. New Jersey Institute of Technology, Electrical and Computer Engineering
New Jersey Microsystems, Inc. 973 297-1450
Newark Innovation Zone, 4 employees
New Jersey Microsystems Inc. is working with NASA on a proposed system of small sensor tags, which include a cardiopulmonary sensor that measures heartbeat and breath rates continuously and displays the data locally or telemeters it to earth stations for review by clinicians. Dr. Gundel is expected to design and test the sensor system for outpatient applications for monitoring heart and lung conditions.
Gregory Kornhaber and ExSAR Corporation
PhD University of Medicine and Dentistry of New Jersey and Rutgers University, Molecular Biosciences
ExSAR Corporation, 732 438-6500
South Brunswick; 5 employees
In addition to conducting proprietary research in the development of automated methods for the analysis of protein structures, ExSAR sells access to its proprietary technology through research service contracts. ExSAR’s customers include large and mid-sized pharmaceutical companies, biotechnology companies, and academic researchers. ExSAR has contracts with Aventis, Bristol Myers-Squibb, Johnson&Johnson, Merck and GlaxoSmithKline. Dr. Kornhaber is expected to help move the company from contract research to developing their own drug targets.
Jon D. Luff and Light Age
PhD Princeton University, Mechanical and Aerospace Engineering
Light Age, Inc., 732 563-0600
Somerset; 40 employees
The company’s goal is to commercialize laser technologies for applications in scientific, industrial, medical and select military markets. Light Age has three FDA-approved products in the field of aesthetic laser surgery, which are marketed and sold directly to physicians. Dr. Luff is expected to apply his research in megahertz pulse-burst laser systems to research and development.
James Nehlsen and Exelus Incorporated
Ph.D. Princeton University, Chemical Engineering
Exelus Inc. 973 740-2350
Livingston, 5 employees
The company’s mission is to create cleaner-by-design process technologies to meet the dual challenges of improving fuel efficiency and developing environmentally friendly processes to make fuels. Exelus’ vision is to lower costs for hydrogen production by simplifying reactor design and completely eliminating need for hydrogen purification by using innovative chemistry. Dr. Nehlsen’s work has concentrated on removing sulfur from petroleum. Dr. Nehlsen is expected to develop a new device to improve Exelus hydrogen technology and other fuel processes.
Anamika Patel and Energy Photovoltaics, Inc.
Ph.D. New Jersey Institute of Technology, Electrical Engineering
Energy Photovoltaics, Inc. 609 587-3000
Lawrenceville, 53 employees
Energy Photovoltaics, Inc. has focused on development of thin film photovoltaic modules to provide economical solar electricity. Dr. Patel is expected to help increase the power output of its modules, making the company’s product more competitive in the marketplace.
SBIR Bridge Grant Recipients
Lambertville (609) 397-2900
Richard Cass, president
Under a Phase I contract with the US Department of the Navy, this company developed a new material that can withstand intense temperatures and remain electronically transparent enough for use in hypersonic missiles. They are now working to strengthen the material for use as the nosecone (radome) in the next generation of missiles flying at speeds as high as Mach 8 (6,000 mph).
Innovative Power Solutions
Eatontown (732) 544-1075 x 201
Eli Liebermann, president
This company is under contract with the Department of the Air Force to develop an intermittent power generator that can energize microwave and laser powered guns for both ground and airborne use.