Government and industry leaders visited the New Jersey Institute of Technology (NJIT) today to join NJIT President Joel S. Bloom for the launch of the New Jersey Innovation Institute (NJII), an NJIT corporation that provides a new model for business innovation through the leveraging of industry, government, and higher education assets and investment.  >>

U.S. Senator Cory Booker, Panasonic Corp. of North America Chairman and CEO Joe Taylor, and New Jersey Secretary of Higher Education Rochelle Hendricks will join New Jersey Institute of Technology (NJIT) President Joel S. Bloom and New Jersey Innovation Institute President Don Sebastian in announcing a major, new economic development venture to an audience of invited guests from the business, government, and higher education sectors. >>

Dr. Don Sebastian provides a historical perspective of New Jersey as the birthplace to almost every major industry from electric light and power to petroleum to food products.  The space to build factories, the workforce to fill the jobs, the transportation network to move the goods, and the access to New York's financial markets made the Garden State a great place for great inventors to come to build successful businesses. >>