New Jersey Institute of Technology (NJIT) Launches New Company To Bring Research And Development Back To New Jersey

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Thomas Edison’s lab in Menlo Park developed the incandescent light bulb. Sarnoff Corp.'s labs in Princeton pioneered color television and the Bell Labs complex in Holmdel was home to long list of technological breakthroughs. But in recent years, New Jersey companies trying to stay afloat in the struggling economy have been reluctant to put much cash into pure research and development.

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