New Jersey, Rowan University launch strategic innovation center to boost medtech ...

New Jersey Economic Development Authority and Rowan University announce the launch of a Strategic Innovation Center focused on advancing medical device development in South Jersey. This multi-location hub, operated by Plug and Play, will accelerate medtech startups through research partnerships, commercial affiliations with Cooper University Hospital, and significant state investment. The center spans 8,500 square feet across Camden and Mullica Hill locations, positioning New Jersey as a leader in healthcare technology innovation.

• NJEDA commits $9.55 million investment including $5.5 million for seed funding, while Garden State Venture Partners adds up to $7 million for participating companies
• Cooper University Health Care serves as anchor commercial partner, with Rowan University contributing medical and veterinary school research expertise
• Two annual accelerator cohorts will support at least 25 companies each, with 20% required to be New Jersey-based startups
• Strategic locations include Joint Health Sciences Center, Cooper Medical School, and Rowan's West Campus featuring the upcoming veterinary school