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Entrepreneurs tell Assembly panel CSIT grants spurred hiring, investor interest and product progress
Summary
Startups and trade‑association leaders told the Assembly Science, Innovation and Technology Committee that New Jersey Commission on Science, Innovation and Technology grants have helped early‑stage companies hire staff, access university facilities and attract follow‑on investment; speakers urged restoring recently reduced CSIT funding.
Debbie Hart, chair of the New Jersey Commission on Science, Innovation and Technology (CSIT) and president and CEO of BioNJ, told the Assembly panel that CSIT grants and seed funding ‘‘have been transformative for our state's STEM economy’’ and urged continued support for the commission.
CSIT Executive Director Judith Sheft told the committee the commission runs 11 programs — including SBIR/STTR matching grants, R&D vouchers and pilot demonstration funding — and described the program's results. Sheft said the commission has made 110 awards in one program totaling $3,300,000 and ‘‘over 400 awards, totaling close to $20,000,000 since 2020,’’ and cited survey results showing…
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