New Jersey S1664 establishes a matching grant program for public research universities receiving federal research grants, with $5 million.
New Jersey S1664 mandates the New Jersey Commission on Science, Innovation, and Technology to create a matching grant program for public research universities that receive federal research grants. The grants are intended to support federal research projects aligned with priority industries, as determined by the commission. The bill outlines criteria for evaluating applications, including the potential for economic development and alignment with priority industries. The commission is required to establish an application form and procedure for universities to apply for these matching grants.
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