Nine communities earn $100,000 awards as part of EDA’s Innovation Challenge
June 12, 2018
Four cities, a township and four counties were awarded $100,000 by the state’s Economic Development Authority on Thursday through its Innovation Challenge program.
Atlantic City, Bridgeton, New Brunswick, Trenton and Union Township were all selected — as were the counties of Atlantic, Camden, Monmouth and Passaic.
In July, the EDA launched the Innovation Challenge, offering individual communities or teams of municipalities an opportunity to compete for planning awards of up to $100,000 to catalyze the growth of local ecosystems throughout New Jersey.
“We designed the Innovation Challenge to help communities take the next step forward in building an inclusive, sustainable culture of entrepreneurship and innovation — whether they already had an established ecosystem or were just beginning,” EDA CEO Tim Sullivan said.
“The uniqueness and quality of the proposals we received illustrates New Jersey’s spirit of innovation, from the south to the north. We look forward to working with these communities as they turn their plans into reality.”
Gov. Phil Murphy said the proposals showed numerous areas across the state are looking to build their economies through innovation.
“Communities across New Jersey responded to this challenge with a clear commitment to spurring innovation in their local ecosystems,” Murphy said. “From the installation of a high-speed 5G fiber network to the creation of a collaborative research-driven incubator and maker’s campus, these plans will help further New Jersey’s ability to compete and win in the 21st century economy.”
Proposals were scored against pre-established evaluation criteria, including the plan’s ability to achieve one or more goals of the Innovation Challenge:
- Strength of the established partnership;
- Commitment of additional funding from partners;
- Presence and strength of a defined collaborative stakeholder engagement process;
- Evidence of the plan’s ability to grow the number of small businesses/attract employers;
- Plans for solutions based on the use of new and emerging technologies;
- An ability to execute the project or viability of the planning project.
Translate