News & Events
Piscataway, NJ - October 4, 2017
Rutgers Robert Wood Johnson Medical School aims to educate, collaborate and accelerate medical commercial ventures.
New York, NY - September 16, 2017
A Rutgers team won the $1 million grand prize in the final round of the international Hult Prize competition, held this past Saturday at the United Nations in New York City.
College Ave Student Center (NB Campus) - Nov 1, 2017 - 5:15PM
Rutgers students - Are you innovative? Do you have your own company or are you interesting in building or joining a start-up company? Are you a serial Shark Tank watcher? If you answered yes to any of these questions, this is the event for you.
Bordentown, NJ - May 12, 2017
Rutgers EcoComplex Encourages Green Entrepreneurs - A visit by NJ Legislators to the Rutgers EcoComplex on May 12 was a feature story on NJTV.
- Learn more about the Clean Energy Innovation Center in Burlington County
- Read more about the Rutgers EcoComplex as featured on NJTV News
Princeton, NJ - April 28, 2017
The Office of Economic Development (OED), a unit of the Office of Research and Economic Development, is responsible for developing program and physical infrastructure resources that strengthen and enable university, industry and government collaborations.
The goal of OED is to create an engaged university that is an integral part of the regional economy, local communities and industry attraction/retention efforts in the state.
Programs led by the Office of Economic Development are designed to:
- catalyze entrepreneurship and corporate engagement
- create state-of-the-art innovation facilities
- increase research funding
- retain and strengthen New Jersey’s industries
- attract new companies to the state
- increase internship and job opportunities for students.
- track economic impact metrics
As demonstrated in the 2017 economic impact report "Rutgers Grows the Garden State," the university has a significant impact on the state's economy, returning $6.70 in economic activity for every $1 of state funds received (fiscal year 2016). A few report highlights include:
- 58,000 jobs: Employed annually directly or indirectly by Rutgers
- $160 million: Contribution to NJ local and state tax bases. Rutgers employees live in every county and legislative district in the state.
- $610.2 million: Direct payments annually to New Jersey businesses for goods, services and supples to support day-to-day operations.
- 280,000 alumni live in the Garden State and contribute to the tax base
- Rutgers technology spurred the creation of 119 startup companies; 39 active spin-offs/start-ups are located in NJ.
A video showing the impact of Rutgers on the New Jersey economy can be viewed here.
"In states across America, higher education institutions and systems are working to become key drivers of economic development and community revitalization … these trends suggest a new paradigm for economic development programs — one that puts higher education at the center of states’ efforts to succeed in the knowledge economy."