New Jersey has long been known as the center of the global pharmaceutical industry, with industry giants making their homes here or maintaining significant presences. Now some startups hope to extend the state’s innovation to other areas, like high-tech energy.
One such innovator is Manveer Sidhu, the founder, materials scientist, and principal researcher at Sidhu Laboratories. His research-stage company is developing advanced energy storage and harvesting devices, or high-tech batteries.
Sidhu Laboratories is currently located in Rutgers University’s Bordentown-based EcoComplex Clean Technology Innovation Center, an incubator. The facility supports about nine companies that are generally in the pre-commercialization stage, where they’re not generating much revenue.
The Rutgers center is important for clean technology and other startups because it provides “low-rate rent for office and lab space, and offers space to organize meetings and connect with other startups, while providing introductions to potential funders and others,” noted center director Serpil Guran. “Before they can commercialize, they must prove their technology. We’re helping to bring innovators out of their garages and basements to do so. One clean-tech company that moved into our center last year is already negotiating with a larger, established company about being acquired. We give these startups the opportunity to develop proof-of-concepts” and potentially move to the next level.
Read this article in its entirety at NJBiz.