Gov. Phil Murphy Awarded for Strengthening New Jersey’s Bioscience Industry – InsiderNJ

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PHILADELPHIA, PA  The Governor received the 2019 Governor of the Year award from the Biotechnology Innovation Organization (BIO). The award was presented at the 2019 BIO International Convention in Philadelphia.

Making New Jersey into the State of Innovation is one of the pillars of Governor Murphy’s plan for the New Jersey economy. Since taking office in January 2018, the Governor has launched several initiatives and programs aimed at developing opportunities for emerging technology and life sciences companies. Among these are the creation of NJ Ignite, which provides rent support to startups moving to collaborative workspaces; a proposed New Jersey Innovation Evergreen Fund, designed to supercharge venture capital investment into Garden State startups, and the proposed expansion of the Angel Investor Tax Credit Program, which would provide a refundable tax credit equal to 20 percent of an eligible investment made into an early-stage New Jersey technology or life sciences business and a bonus for investing in underserved areas or a women or minority-owned business.

“Governor Murphy is a …