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Retrieved on: 2025-07-21 20:39:56
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Summary
The New Jersey Economic Development Authority and Rowan University announced a groundbreaking partnership to establish a Strategic Innovation Center focused on medical technology development in South Jersey. This multi-location accelerator will span Camden and Mullica Hill, creating a hub for healthcare innovation and startup growth in the region.
The Strategic Innovation Center represents a $9.55 million investment designed to accelerate medical technology startups and attract companies to New Jersey. Operated by Plug and Play, the center will support early-stage companies through specialized laboratory spaces, mentorship programs, and funding opportunities. Cooper University Health Care will serve as the anchor commercial affiliate, while Garden State Venture Partners will provide additional investment capital.
• Comprehensive facilities: 8,500 square feet across Camden locations and Rowan's West Campus in Mullica Hill • Significant funding: $9.55 million NJEDA investment plus $7 million from Garden State Venture Partners • Strategic partnerships: Collaboration between academia, healthcare systems, and private investors • Growth potential: Supporting 50+ companies annually with 20% required to be New Jersey-based startups
Article found on: today.rowan.edu
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