The New Jersey Health Foundation gains funding to continue its support of faculty and personnel at Princeton University, Rowan School of Osteopathic Medicine and Rutgers University.
The New Jersey Health Foundation, a US-based health research and innovation nonprofit, has gained $1m in funding to help researchers commercialise their ideas.
The foundation will work in with the US-based Nicholson Foundation, dedicating half of the funds raised to this partnership. This partnership will jointly fund an Innovation Grants program providing grants of up to $50,000 to researches that are looking to commercialise their ideas.
The remaining $500,000 will be used by the New Jersey Health Foundation Research Grants programme that is open to faculty and personnel at the Kessler Foundation, Princeton University, Rowan School of Osteopathic Medicine, Rutgers University and Stevens Institute of Technology.
This grants programme awards funding of up to $35,000 for early stage research projects. To date the fund has awarded grants of approximately $55m.
George Heinrich, chief executive of the New Jersey Health Foundation, said: “There is an abundance of outstanding work being done by scientists and others throughout the state of New Jersey. We are delighted to be able to advance this research and technology and our New Jersey Health Foundation mission by supporting potentially breakthrough science at these prestigious organisations. We are also extremely gratified that the Nicholson Foundation has joined us in this effort.”
