The New Jersey Innovation Institute (NJII) is an NJIT corporation focused on helping private enterprise meet the grand challenges shared across an entire sector while also helping individual companies innovate new product or market opportunities and develop new strategic business partnerships that embrace emerging technology. It is unique in its formation and role as a not-for-profit corporation in pursuit of economic development and in its agility in transforming intellectual capital into commercial success. More broadly, NJII is driving economic-cluster development,  entrepreneurship, and enterprise expansion. NJII has strategically organized Innovation Labs (iLabs) serving market verticals to follow industry-led agendas. The five initial iLabs serving as the catalyst for collaboration among the academic,  private and public sectors are: 

• Healthcare Delivery Systems: NJII helps create new models of evidence-based healthcare. Building on the secure exchange of digital information, these new delivery systems improve the quality of care and foster new medical-device technology to lower costs and improve outcomes.

 • Biotechnology and Pharmaceutical Innovation: NJII helps pharmaceutical companies develop and apply innovative,  cost-saving manufacturing technologies and works with biotechnology firms to scale innovation from lab to commercial production. 

• Civil Infrastructure Policy and Planning and Smart City: Drawing on leading-edge engineering and materials science,  NJII works with partners on innovative solutions to upgrade public infrastructures and develop resilient systems to withstand natural disasters. Solutions include advanced materials, new design and construction methods, and smart building and sensor technologies. 

• Defense and Homeland Security: NJII helps address the demands of national security and defense, including port security, biometric and sensor-based detection systems, unmanned systems, weapons, energetics and material logistics, as well as communications projects and security systems for infrastructure defense, command, control and first-responder support. 

• Financial Services: NJII partners with financial and information-technology professionals on issues ranging from identifying and mitigating the impact of financial bubbles to developing and implementing new supply chain management systems, data analytics for applications ranging from computer-based trading to actuarial assessment, and application design to facilitate new customer services.