Research NewsletterIssue: ORN-2022-46

ICYMI: New Jersey Innovation Fellows Program Will Provide Grant Funding and Mentorship to First-Time Entrepreneurs

The New Jersey Economic Development Authority (NJEDA) today announced plans to create a competitive program - the New Jersey Innovation Fellows (NJIF), which will offer mentorship and grants of up to $400,000 to teams of first-time entrepreneurs. The program will provide income replacement so that entrepreneurs can devote their full-time attention to building out their startups. The announcement follows yesterday’s NJEDA Board approval of this new program.

The Innovation Fellows program will support would-be entrepreneurs, particularly diverse entrepreneurs, with “income replacement” grants. This resource creates an opportunity for the entrepreneurs to pursue unique startup business ventures with the security of initial income replacement funding in the two-year ideation and formation period of their businesses. Per program policy and in accordance with the legislation, approved teams will be qualified to receive $200,000 as a base award, and up to $200,000 in bonuses (resulting in a total $400,000 award). Bonuses include $50,000 if any one of the entrepreneurs in a team resides in an Opportunity Zone within the State. An additional $50,000 bonus is awarded for each Entrepreneur leader on the Fellows team with a diversity self-certification or education bonus up to $150,000, resulting in a total potential award of $400,000. Awards will be disbursed over eight quarters to teams that meet and maintain compliance milestones.

__________________________

Breakfast with Interim Provost Atam Dhawan

https://www.njit.edu/provost/breakfast-interim-provost

Informal breakfast sessions with small groups from the NJIT community is hosted by the Interim Provost each Tuesday from 8.30 AM to 10.00 AM at the University Club, Eberhardt Building. These breakfast meetings provide NJIT faculty, staff and students the opportunity to ask questions, give feedback, and engage with the Interim Provost on their experiences, concerns, expectations and needs. While it is open to all members of the community, seats are limited each week. If you are interested in participating in this informal discussion, please submit this form. The Office of the Provost will follow up with you to confirm the date of your breakfast session.

NSF: Cybersecurity Innovation for Cyberinfrastructure (CICI); Research and Mentoring for Postbaccalaureates in Biological Sciences (RaMP); Partnerships in Astronomy & Astrophysics Research and Education (PAARE); Using the Rules of Life to Address Societal Challenges (URoL:ASC); Biology Integration Institutes (BII)

NIH: Trailblazer Award for New and Early Stage Investigators (R21); Engineering Next-Generation Human Nervous System Microphysiological Systems (R21); Transformative Educational Advancement and Mentoring Network (TEAM) (R25); NCMRR Early Career Research Award (R03)

Department of Energy: Early Career Research Program; BIPARTISAN INFRASTRUCTURE LAW: LONG-DURATION ENERGY STORAGE DEMONSTRATIONS FUNDING OPPORTUNITY ANNOUNCEMENT; Bipartisan Infrastructure Law (BIL): Request for Information (RFI) Energy Efficiency Materials Pilot for Nonprofits; Artificial Intelligence and Machine Learning for Autonomous Optimization and Control of Accelerators and Detectors; Environmental System Science

Energy Announces $74 Million to Strengthen Advanced Battery Manufacturing: Ten projects will receive a total of $76 million in funding from the Energy Department to develop emerging technologies around electric vehicle battery reuse and recycling, according to an agency announcement Thursday. The Energy Department’s latest investments are designed to strengthen the production of advanced batteries that power electric vehicles. New and emerging technologies and means to recycle existing advanced electric vehicle batteries will reduce reliance on critical battery minerals, including lithium and graphite, which are expected to increase in cost by as much as 4,000% in coming years. According to DOE, improving the reuse and recycling of electric vehicle batteries will strengthen the nation’s energy dependence and reduce the odds of future reliance on “an unreliable foreign supply chain.”  

________________________

ICE Needs More Data to Monitor Foreign Students Taking US Research, Watchdog Says: Immigration and Customs Enforcement may need to update one of its databases to capture more data about the risk of foreign entities obtaining U.S. technology via international students, according to a Government Accountability Office report released on Tuesday.  According to GAO, the federal government spends billions of dollars annually to conduct research at American universities. But some of this research may be performed by foreign students and scholars, which could pose a risk of foreign influence and American technology and research being transferred to foreign entities. More information is posted on the NextGov website.

________________________

AI, Data Analytics Star as Biggest Planned Investments for 2023: 2023 stands to see a continued investment and development in emerging technology systems, with artificial intelligence leading the technologies private companies are planning to leverage.  Detailed in a new 2023 industry forecast from Info-Tech Research Group, an IT analyst firm, private sector companies are expected to continue adopting more advanced technologies into their everyday business operations, regardless of any broader economic slowdowns.  While AI turned out to be the most popular technology businesses reported planning to contract for the 2023 fiscal year, with 44% of surveyed respondents saying they are planning to invest in AI systems by next year, data infrastructure was another hot topic for industries aiming to modernize their tech infrastructure.  “After AI, the two technologies gaining the most momentum in new investment are data lake or lakehouse and data fabric or mesh, with both seeing a 5% increase in the number of organizations planning to invest in 2023,” the report reads. “These platforms facilitate better access to enterprise data and enable real-time reporting.” The goal for both of these technologies is to make data-driven decisions at the corporate level easier, with more accessible, digestible data analyses. AI is likely to intersect with this task, as automated algorithms are being used to organize and compile data visualizations. More information is posted on the NextGov website.

Question:  I need to change my budget - Do I need to change it in Streamlyne?

Answer:  You can change your budget at any point before submitting the proposal into workflow approval. For more information, please contact your college ambassador, or see New User Manual posted on the Research website

http://www.njit.edu/research/sites/research/files/StreamlyneNewUserManualCommonElements.pdf ).

More FAQs on Streamlyne: Please visit http://www.njit.edu/research/streamlyne/