NJII is a nonprofit organization that aims to coordinate innovation networks across New Jersey's universities and private sector. It provides collaboration platforms, applied research, prototyping, and commercialization services to help organizations improve products/services, create new ones, access new markets, and develop new businesses. NJII has over 40 industry partners, regional collaborations, and precompetitive partnerships that have supported over 90 startups and 300 student jobs with $60 million in annual expenditures.
2. The Challenge…
The innovation ecosystem has lost coordination and
coherence
• Corporations no longer the coordinating body
• Product development occurs in startups and OEMs
• U.S. industrial system finding value created in loosely-
connected, non-hierarchical industrial
networks that systematically combine
public and private assets
• Gaps appear in the economic development portfolio
• Need to deliver design capabilities that make complex
collaborations quick, agile, and strategic
• Next generation models need to accelerate “innovating
industrial networks”
3. The Challenge…
Fragmented Value-Creation
• In 1970s, non-essential business units outsourced
• R&D resources re-directed to business units for
enhancements to existing products and processes
at expense of long-term exploratory projects
• Corporations narrow their focus to core competencies
Greater system coherence involves creating platform
organizations that serve as intelligent enablers for
coordinated action!
4. The Solution…
THE NEW JERSEY INNOVATION INSTITUTE
•A market-facing non-profit designed as a collaborative platform
with capability to apply the intellectual and technological
resources of New Jersey’s world-class universities to challenges
identified by the region’s innovation
stakeholders
•Delivering a set of powerful, agile, and customizable solutions to
intelligently coordinate and enable “innovating industrial
networks” across a range of vertical sectors
5. NJII History…
• Formed in 2014 by New Jersey Institute of Technology (NJIT) as a
501c3
• Organizational centerpiece of NJIT’s economic and technology
development mission
• NJIT’s existing economic & tech development portfolio (~$30M)
• Market-facing interface designed as a holistic organization platform
to transform intellectual capital into commercial success
• Builds deep, sustained relationships built on trust and value
• Action oriented and focused on results
6. The NJII Mission…
NJII’s comprehensive approach engages industry through a range
of product and process innovation services that include:
Innovation as a Service
Ideation
•Design laboratories, ideation, and agile strategy services
Platforms, Test Beds, & Prototyping
•Sponsored applied research and technology development projects
•Engineering services
•Commercial testing, pilot scale-up and prototyping platforms
•Process optimization, technical assistance
Technology Commercialization
•Financial modeling, business valuation, capital access
•Cost reduction, process re-engineering, quality improvement
•Professional services — legal, IP, commercialization
•Entrepreneurial training & Incubation
Partnering & Client Engagement (front-end relationships)
Structure as a Service (back-end services)
7. The NJII Structure…
NJII’s current impact stems from Innovation Labs and CoreLabs
that focus on industry sectors and cross-cutting, concierge
functions:
• iLabs
– Healthcare Delivery Systems
– Biotechnology and Pharmaceutical Production
– Civil Infrastructure & Smart City
– Defense & Homeland Security
– Financial Services
• CoreLabs
– Data Analytics
– Cluster and Economic Development
– Technology and Enterprise Development
– Advanced Manufacturing
8. The NJII Strategy…
NJII harnesses powerful economic and technology development
solutions to:
•Improve existing products and services
•Create new products or services
•Identify new markets for existing capability, products and services
•Develop new business
NJII employs an approach to agile strategy called Strategic Doing…a discipline
incubated at Purdue University, specifically designed for open, loosely-
connected networks. It helps accelerate productive collaboration and strategy
development, either across organizational units or among multiple
organizations.
9. Advancing development through collaboration…
NJII:
•Deploys agile strategy techniques to form
precompetitive technology development partnerships within NJ
•Creates new industry clusters and regional innovation ecosystems
•Accelerates productive collaboration and strategy development, either across
organizational units or among multiple organizations.
•Improves innovation capabilities and the design of value propositions within
companies
•Hosts deep, sustained institutional relationships with industry partners
premised on a value proposition offering access to talent, technology and
opportunity
•Provides opportunities for professional experience to large numbers of
undergraduate and postgraduate students
10. NJII Results…
• 40 large industrial partners
6 Collaborations with other research universities
• 7 Regional collaborations
Joint Base McGuire-Dix Morris County Chamber Cape May
11. NJII Results…
• 8 precompetitive industry partnerships
• 4 Innovation partnerships with NJIT academic units
• 90+ Entrepreneurship startups in residence
• 302 Students employed
• $60M Annual NJII expenditures
12. Summary…
NJII provides organizational and collaborative platforms,
coupled with a robust solutions network, anchored by the
New Jersey university system, to help private organizations
navigate the innovation ecosystem and form meaningful
partnerships to impact production in the NJ industrial
economy.