In a major boost for the healthcare innovation landscape, Rowan University, in collaboration with the New Jersey Economic Development Authority (NJEDA), has unveiled plans for a Strategic Innovation Center (SIC) focused on accelerating MedTech research and commercialization in South Jersey.
This state-of-the-art center, to be established across Rowan’s Camden and West Campus in Harrison Township, aims to create a robust ecosystem where biotech and healthcare startups can thrive. The center will provide resources such as lab space, clinical research facilities, startup incubation, mentorship programs, and direct commercialization support.
Key Objectives:
- Support emerging medical technology companies
- Bridge academic research with real-world healthcare solutions
- Attract investment and industry partnerships
- Create job opportunities and enhance patient outcomes through innovation
Dr. Ali Houshmand, President of Rowan University, highlighted the impact of the initiative:
“This Strategic Innovation Center will turn South Jersey into a MedTech powerhouse by translating breakthrough research into life-saving technology.”
With healthcare innovation identified as a core pillar in New Jersey’s Innovation Economy, this development is expected to position the state as a national leader in digital health, diagnostics, and clinical AI solutions.
Why It Matters for Health Tech:
The global MedTech sector is projected to reach over $700 billion by 2030. South Jersey’s new center will not only nurture regional innovation but also fuel startup growth and enhance public access to advanced medical solutions.
Source: Shore News Network – July 22, 2025
