CSIT Awards Startups $3.9 Million; Nynens Steps Down From NJII/NJIT; I-Corps And HAX Innovate Together

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CSIT Startup Grants Awarded

Simon Nynens Leaves NJII/NJIT After Successful Tenure

  • Nynens, who is a familiar face in the NJ tech ecosystem, revitalized the NJIT Enterprise Development Center, now called NJIT@VentureLink, led the reorganization of NJII and led the sale of BioCentriq for $73 million.
  • He also was instrumental in forging partnerships with McKinsey to launch the Digital Capability Center and with Merck to create the Digital Sciences Studio program.

I-Corps And HAX “Innovating Together”

Susan Schofer, chief science officer, HAX | Screenshot by Esther Surden
  • At a meeting called “Innovating together: I-Corps Northeast Region & HAX,” representatives from both institutions talked about what they are doing to commercialize university science.
  • The I-Corps Northeast Hub runs programs six times a year.
  • The program offers innovators and entrepreneurs training in four intense sessions.
  • Participants receive a $3,000 reimbursement for customer discovery and mentorship.
  • HAX is already in operation in Newark at a temporary location.
  • The venture capital firm, part of SOSV (Princeton), specializes in accelerating companies dealing with “hard tech” problems.
  • Think 10 to 15 years in the future about things that we haven’t seen that involve physical hardware, Susan Schofer, chief science officer said.
  • Those are the type of technologies that the startups that come into HAX are typically building and looking to put out and commercialize, she said.

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