By executive order, McGreevey yesterday launched the program tocreate so-called innovation zones here, and in New Brunswick andCamden. The aim is to spur growth and economic development in thestate's technology-based industries, including commercialization ofnew technology, with the three institutions as a focal point.
In signing the executive order, McGreevey called it "aninnovation triangle, a partnership among tech-based companies, thestate's research universities and state government. We need tounderstand that this is an opportunity to create a vision that willensure our long-term competitiveness.
"By creating these innovation zones, and by channeling statefinancing to provide high-tech companies with capital, we aredemonstrating the state's commitment," McGreevey continued.
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