The New Jersey Health Foundation and The Nicholson Foundation, through their jointly sponsored Innovation Grants Program, presented 6 innovation grants to researchers at Rowan University, Rutgers University and Stevens Institute of Technology. “There is an abundance of outstanding work being done by scientists and others throughout the state of New Jersey,” noted George F. Heinrich, M.D., vice chair and CEO of New Jersey Health Foundation. “We are delighted to be able to advance these projects by supporting potentially breakthrough science at these prestigious organizations.”
The Innovation Grants Program donated a total of $300,000 for this initiative, which gave each recipient $50,000 individually.
The initiatives awarded with innovation grants ranged from developing therapeutics for melanoma to creating a more sensitive, non-invasive wearable sensor for health monitoring.
The New Jersey Health Foundation aims to support biomedical research and health education programs through grants and their matching program. They also have a Foundation Venture Capital Group, which makes direct investments in life science start up companies in New Jersey moving into commercialization.
“Through our partnership with New Jersey Health Foundation, the grantees will be given a year to hone their ideas and implement their projects, and will be provided strategic assistance to support the incubation of innovative, market-based solutions,” Joan Randell, chief operating officer of The Nicholson Foundation, said.
The recipients for the funding included Vikki Hazelwood, Antonio Valdevit, M. Maral Mouradian, Wei Xue, Shivakumar Ranganathan and Richard Howells.
“We are proud to help these entrepreneurs advance their cutting-edge work,” Randell said.
