Technology Center Updates
As part of its technology initiative, the EDA offers real estate opportunities to growing technology companies through the development of technology centers throughout the State, including the recently completed Waterfront Technology Center at Camden, the Digital Century facililty building in Newark, which is under design, and the EDA’s flagship facility – the Technology Centre of New Jersey – located in North Brunswick.
Tenant highlights from the EDA technology centers:
- The ACIN Camden Center for Entrepreneurship in Technology is a full-service technology accelerator program designed to help small companies exploit opportunities within the military through delivering products and services based on emerging technologies that meet an immediate need. In June 2006, ACIN began moving its operations and employees to the Waterfront Technology Center at Camden, becoming the facility’s first tenants.
- Gestalt, an international consulting firm providing consulting, technology, and managed services to the defense and energy and utilities industries, is slated to move into the Waterfront Technology Center in early September 2006. The company recently announced that it has been awarded several multi-year government contracts with a ceiling of $53.3 million. The contracts cover technology-related programs to benefit mission-critical military operations for the United States Air Force and the Joint Forces Command of the United States. They are the latest in a series of high-profile contracts for Gestalt, which has also been approved for job growth and lease incentive grants through the EDA.
- ProFACT Proteomics, another tenant, applies its proprietary profiling system, ProFILE™, to drug development issues of efficacy and toxicity - ADRs (Adverse Drug Reactions), and to disease biomarkers and progression metrics. ProFACT is initially focused on cancer drugs and metrics through alliances with institutional and academic drug development programs. The ProFACT Proteomics™ platform (patent pending) is the backbone of the ProFILE™ system and the ProPREP™ line of consumables products for proteomic research, marketed internationally. In May 2006, the company was awarded two grants by the New Jersey Commission on Science and Technology – an Entrepreneurial Partnering Fund grant that will support a $516,000 R&D program conducted with UMDNJ with the goal of generating new cancer profiles, and ultimately, new diagnostics and therapeutics, and a New Jersey Technology Fellowship grant to fund the research of a postdoctoral graduate from Rutgers University. First year fellowship awards are $75,000.
