New Jersey Innovation Institute

What New Jersey Innovation Institute does

New Jersey Innovation Institute (NJII) is a Newark-based 501c3 non-profit corporation wholly owned by the New Jersey Institute of Technology (NJIT), founded in 2014 to translate R1 university research into commercial and public-sector applications across four operating divisions: AI/ML, Defense, Entrepreneurship, and Healthcare. NJII operates the state-designated New Jersey Health Information Network (NJHIN), connecting all 70 NJ hospitals and managing Promoting Interoperability incentive programs (BH PIP and SUD PIP) that have served over 12 million patients since 2015, helped 8,000+ providers adopt new EHRs, and delivered $128M+ in client incentives and $180M in CMS cost-of-care savings. Through its Defense division, NJII runs the COMET initiative with the U.S. Department of Defense at the Landing 360 Advanced Manufacturing Center, deploying metal cold spray, multi-material 3D printing, and ISO Class 7 clean room capabilities for prototyping and workforce training.

NJII's revenue is generated through a diversified mix of federal and state grant program administration, professional services, equity stakes from its $11.6M Venture Studio fund (backed by NJEDA), and for-profit consulting via its subsidiary Healthcare Innovation Solutions (HCIS, launched July 2018). Pricing is milestone-based on incentive programs (e.g., $5K-$20K per SUD PIP milestone), performance-based on MIPS optimization (up to 9% incentive or -9% Medicare penalty avoidance), and quote-based on AI consulting engagements. Target customers include New Jersey state agencies (NJDOH, NJDHS, DMAHS), DoD and defense contractors, NJ hospitals and behavioral health providers, university researchers, corporate partners (e.g., Merck Digital Sciences Studio), and small businesses seeking AI implementation support.

The Venture Studio, developed in partnership with NJEDA, aims to launch 10 companies by 2030; PureTrace Labs (PFAS detection, launched October 2025) was its first spinout, backed by up to $1M of NJII funding. Recent product launches include ClearComply (AI-powered 42 CFR Part 2 compliance tool, November 2025). NJII is positioned within New Jersey's $190M Strategic Innovation Centers initiative, which is projected to generate $17.2B in economic output and 28,000 jobs over 10 years.

Name

New Jersey Innovation Institute

Legal name

New Jersey Innovation Institute

Website

https://njii.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

New Jersey Innovation Institute is a 501c3 non-profit wholly owned by NJIT that operates the state-designated NJ Health Information Network, manages DoD advanced manufacturing programs, runs an AI/ML consulting practice, and operates a Venture Studio that launches university IP startups in New Jersey.

Ownership category

akta.pro rank

Product category

Innovation and Technology Translation Services

NAICS

Scientific Research and Development Services (5417), Technical and Trade Schools (6115)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Digital Development & ICT4D / GovTech Technical Assistance (BPADAEAL)

akta.pro secondary industries

Clinical Quality Assurance (GCP QA, TMF/QMS oversight) (HLAGAKAI), Consulting, Advisory & Technology Transfer (AM Adoption) (IMAAAJAK), Conferences, Workshops & Industry Events (AM Knowledge Sharing) (IMAAAJAL)

Keywords

• Innovation consulting services
• Health information exchange
• Technology commercialization programs
• Advanced manufacturing research
• Healthcare interoperability platforms

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Government Grants and Programs: NJII receives federal and state grant funding to operate programs on behalf of government agencies including NJDOH, NJDHS, and DoD. Revenue is generated through program management fees, milestone-based incentives to participants, and administrative overhead. Healthcare division has operated grant-funded programs since 2015.
2. Venture Studio and Startup Investment: The Venture Studio is backed by an $11.6M fund and invests up to $1M into each venture formed. Revenue is generated through equity stakes in portfolio companies and licensing fees. NJII Venture Studio aims to launch 10 companies by 2030.
3. Healthcare Innovation Solutions (HCIS) - For-Profit Subsidiary: NJII's for-profit subsidiary HCIS provides consulting services for MIPS optimization, QIP-NJ support, and healthcare quality improvement. Services help providers avoid penalties and maximize incentive earnings under value-based care programs.
4. Program Participation Fees: NJII qualifies and supports healthcare providers to participate in Promoting Interoperability programs. Revenue includes fees for attestation support, documentation review, and liaison services between providers and state agencies.
5. Acceleration and Incubation Services: Provides coworking space, wet labs on NJIT campus, mentorship, funding connections, and structured acceleration programs. Revenue model includes program fees and success-based compensation tied to funding raised or milestones achieved.
6. AI Consulting and Implementation: Expert AI services including strategy development, implementation, custom model training, and certification programs. Targets small businesses and organizations seeking to adopt AI without in-house expertise.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

NJII operates four divisions delivering innovation services: AI/ML consulting and implementation, advanced manufacturing and defense technology (COMET), healthcare technology programs (NJHIN, BH PIP, SUD PIP, HCIS), and entrepreneurship support (Venture Studio, Acceleration Services, Market Pathways). The organization also offers professional certification and corporate education programs through its Professional and Corporate Education division. NJII acts as a state-designated entity for managing grant-funded healthcare IT programs and as a venture studio commercializing NJIT research IP.

Differentiator

Problem solved

Functional benefit

Brands

• PureTrace Labs: Startup focused on rapid detection of PFAS ('forever chemicals') using paper-spray mass spectrometry technology. First startup launched from NJII's Venture Studio.
• ClearComply
• COMET (Collaborative Operationalized Manufacturing Engineering and Training)

Products and services

• COMET (Collaborative Operationalized Manufacturing Engineering and Training) Program

Quantifiable outcome

• Served over 12 million patients in New Jersey since 2015
• +7 more outcomes

Named customers17 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability11 records

Feature7 records

Partnerships

13 partnerships are on record, tiered core, major and notable.

• New Jersey Department of Human Services (NJDHS)coreStrategic or Co-development Partner · 1 January 2019NJDHS funds the SUD Promoting Interoperability Program with $5,306,250 available in incentive funding. NJII administers the program as liaison between SUD treatment providers and the state, qualifying participants and coordinating incentive payments.
• Healthcare Innovation Solutions (HCIS)coreStrategic or Co-development Partner · 1 July 2018NJII's for-profit subsidiary launched July 1, 2018 to help clients optimize healthcare delivery and lower costs. HCIS provides MIPS services, QIP-NJ support, and quality improvement consulting. Enables NJII to offer paid services beyond grant-funded programs.
• New Jersey Institute of Technology (NJIT)coreStrategic or Co-development PartnerNJII is an NJIT corporation - wholly owned by NJIT. As the R1 parent institution, NJIT provides research capabilities, faculty expertise, student talent pipeline, facilities (including HPC environment), and IP for commercialization. NJII serves as the innovation arm translating NJIT research to market applications.
• New Jersey Department of Health (NJDOH)coreStrategic or Co-development PartnerNJII is the state-designated entity responsible for developing and managing the New Jersey Health Information Network (NJHIN) on behalf of NJDOH. Partnership involves collaboration on government-sponsored healthcare technology programs and health information exchange.
• NJ Division of Medical Assistance and Health Services (DMAHS)coreStrategic or Co-development PartnerCollaborates with NJDHS Division of Mental Health and Addiction Services (DMHAS) to fund the Behavioral Health Promoting Interoperability Program (BH PIP). NJII serves as leading partner to facilitate healthcare technology adoption.
• United States Department of Defense (DoD)coreStrategic or Co-development PartnerDoD partners with NJII through the COMET initiative for advanced manufacturing and workforce development. NJII works with industry partners and DoD to understand how new technology will be deployed and used, supporting program objectives through design capabilities and field test support.
• New Jersey Economic Development Authority (NJEDA)coreStrategic or Co-development PartnerVenture Studio is a joint initiative between NJII and NJEDA as part of the State's Strategic Innovation Centers initiative. NJEDA provides funding commitment ($190M to 12 SICs) and co-investment in the $11.6M Venture Studio fund.
• COMET Consortium MembersmajorTechnology or IntegrationConsortium includes University of Delaware, Thunderbolt, SI2, Sciperio, Qynergy, NJIT, MaxPower, and Imperial. Members provide equipment (HP, Stratasys), technical expertise, and collaborative R&D for advanced manufacturing programs at Landing 360.
• CognomemajorTechnology or IntegrationTrusted AI partner providing advanced, validated AI-driven solutions for healthcare. NJII offers Cognome solutions including ExplainerAI governance platform, AutoChart AI, sepsis detection, and other clinical AI tools through Healthcare AI Solutions division.
• Bergen County Prosecutor's OfficenotableStrategic or Co-development PartnerNJII collaboration with Bergen County Prosecutor's Office on AI integration for law enforcement. Initiative brings technological innovation to law enforcement using NJII's AI expertise and technology capabilities.
• Merck Digital Sciences Studio (MDSS)majorStrategic or Co-development PartnerMerck Digital Sciences Studio showcases biotech innovators in NYC, with NJII entrepreneurship division supporting startup ecosystem. MDSS delivers mentorship, capital, and corporate partnership opportunities for digital health and biotech startups.
• Legal HIEnotableTechnology or IntegrationLegal HIE provides attorney-developed HIPAA and 42 CFR Part 2 resources powering ClearComply AI compliance tool. Partnership brings legal precision and AI innovation for healthcare compliance guidance.
• Office of Corporate Engagement (NJIT/NJII Joint Initiative)coreStrategic or Co-development PartnerJoint initiative between NJII and NJIT serving as the central hub for managing corporate relationships. Streamlines university interactions with corporate leaders, connecting to Sponsored Research, Career Development, and Learning & Development.

Scale indicators15 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• RTI International: Independent, non-profit research institute delivering science-based solutions across health, education, and technology for government and commercial clients. Comparable as a non-profit translating applied research into programs at scale.
• JumpStart Health: Cleveland-based healthcare innovation and venture development organization supporting health technology commercialization, startups, and ecosystem building. Comparable to NJII's Venture Studio healthcare trajectory.
• Cleveland Clinic Innovations: Healthcare system-affiliated commercialization and venture arm translating clinical research into startups and licensing deals. Directly comparable to NJII's healthcare innovation and venture creation mandate.
• UPMC Enterprises: Innovation and venture arm of UPMC investing in and commercializing healthcare technology, AI, and digital health solutions. Comparable as a healthcare-focused innovation intermediary operating AI/digital health products.
• University City Science Center: Philadelphia-based non-profit innovation hub connecting university research, startups, and corporates across health and technology. Comparable as a regional non-profit technology accelerator and incubator model.
• Georgia Tech Research Institute (GTRI): University-affiliated, non-profit applied R&D organization operating across defense, healthcare, and advanced manufacturing for state and federal agencies. Closest structural analog to NJII's multi-vertical operating model.
• MIT Lincoln Laboratory: Federally funded R&D center operated by MIT, focused on defense and homeland security technology development. Comparable as a university-affiliated organization running government-funded applied research and technology programs.
• Applied Research Laboratory at Penn State: University-affiliated Department of Defense research unit operating as a trusted agent for the Navy, with workforce development and advanced technology translation. Directly comparable to NJII's COMET defense manufacturing model.
• BioEnterprise (now part of JumpStart): Mid-Atlantic / Great Lakes regional healthcare and bioscience commercialization organization that grew health-tech ventures from university research. Comparable venture-formation and corporate-partner engagement model.

Broad incumbents

• Battelle Memorial Institute: Large non-profit R&D organization managing national security, health, and energy programs for government clients. Broader scope and scale than NJII but identical operational DNA as a non-profit research translation entity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NewJerseyII
• YouTubeyoutube.com/channel/UCljx81KWSypzgc9xW8sJO2w
• Facebookfacebook.com/NJInnovInstitute
• LinkedInlinkedin.com/company/njii
• Instagraminstagram.com/njiilife

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Jersey Innovation Institute