For Immediate Release
Tuesday, August 11, 2009
For More Information:
Arti Sahni: (609) 984-1671
- 3D Biotek, LLC., North Brunswick - to employ Carlos Eduardo Caicedo-Cravajal, receiving his Ph.D. from Rutgers University
- CytoSorbents, Inc., Monmouth Junction - to employ Humayra Ali, receiving her Ph.D. from Princeton University
- New Visual Media Group, LLC, Eatontown - to employ Judith Sorge, receiving her Ph.D. from Rutgers University
- Lifeblood Medical, Inc., Adelphia - to employ Lisa Canto, receiving her Ph.D. from UMDNJ
- ProFACT Proteomics, Inc., North Brunswick - employ Amita Oka, receiving her Ph.D. from Rutgers University
- QRx Pharma, Inc., Bedminster - to employ Marc Carmichael, receiving his Ph.D. from UMDNJ
- Simphotek, Inc., Newark - to employ Kamyar Malakuti, receiving his Ph.D. from NJIT
Second Year Technology Fellows
- 3D Biotek, LLC, North Brunswick - to employ Marika Bergenstock
- AlfaGene Biosciences, Inc., Somerset - to employ David Harrison
- Frontier Performance Polymers, Corp., Parsippany - to employ Veljko Samardzic
- Niiki Pharma, Inc., Hoboken - to employ Rebecca Baerga
- Rational Affinity Devices, LLC, Highland Park - to employ Lilian Perez
- Snowdon, Inc., Monmouth Junction - to employ Oyenike Olabisi
Entrepreneur Fellowship Program
The salary funding levels for entrepreneur fellowships are $65,000 for the first year and $75,000 for the second year. For second year funding, CST awards $50,000 and the applicant company is required to fund the balance of $25,000.
First Year Entrepreneur Fellows
- 3D Biotek, LLC, North Brunswick - to employ Irina Briller, receiving her MBA from Rutgers University
- Switch2Health, Inc., North Brunswick - to employ Goutham Bhadri, receiving his MBA from Columbia University.
In addition, the new NJCST budget was approved and began on July 1, 2009. The Commission's State Budget allocation for FY 2010 is $10,000,000. This year, a new program is being introduced to complement the Governors' Clean Energy Initiative. NJCST will make available $1,000,000 in grant support for the Edison Renewable Energy Technologies Fund which is designed for companies who do not meet the requirements of the Edison Innovation Clean Energy Fund for the development Class 1 renewable energy sources.
The New Jersey Commission on Science and Technology is dedicated to improving the quality of life for New Jersey's citizens and promoting economic development by keeping New Jersey at the forefront of scientific and technological advances. Established in 1985, the NJCST is responsible for the development and oversight of policies promoting science and technology research and entrepreneurship. Commission members include business leaders, university leaders, scientists, legislators and representatives from the Governor's Office for Economic Growth and the Commissioner of the New Jersey Department of Education.