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New Jersey Gov. Phil Murphy announced on Wednesday, July 25, two initiatives to jump-start the state’s innovation ecosystem. He addressed officials and guests at Princeton Innovation Center BioLabs in Plainsboro, which formally opened in May.

“We’re all here today for a good reason,” Murphy said. “It’s right here in places like this across our state where the innovation economy will be reborn and once again dominate in New Jersey. These are the spaces where the next great leaps in technology and the life sciences will be made by new companies doing leading-edge research and development.”

The new initiatives are designed to attract and support entrepreneurial startups, as well as established companies developing technological and medical innovations.

Image: https://www.princeton.edu