Mercer Times

The New Jersey-India Commission, alongside Choose New Jersey, facilitated the signing of a Memorandum of Understanding (MOU) between Choose New Jersey, the Institute for Life Science Entrepreneurship (ILSE), and the Association of Biotechnology Lead Enterprises (ABLE). This MOU aims to strengthen ties between biotechnology companies in New Jersey and India.

Lieutenant Governor Tahesha Way signed the agreement during the Commission's inaugural economic mission. She stated, “Through this exciting partnership with Institute for Life Science Entrepreneurship and Association of Biotechnology Lead Enterprises, we will continue to strengthen the deep economic and cultural ties between New Jersey and India.” The agreement seeks to promote life sciences investment between both regions.

Wesley Mathews, President and CEO of Choose New Jersey, highlighted that "This agreement exemplifies New Jersey’s global leadership in life sciences and technology." He emphasized its potential to connect industry stakeholders.

ILSE was founded at Kean University in 2014. Thomas Richardson, President of ILSE, expressed enthusiasm about strengthening ties with ABLE: “Through this partnership, we aim to foster groundbreaking research.”

ABLE represents over 400 members focused on growing India's biotechnology sector. Narayanan Suresh, COO of ABLE, remarked on the significance of this collaboration: “This agreement represents a significant milestone in our mission.”

Further details can be found by contacting Toral Patel or Ingrid Austin or visiting choosenj.com/IndiaMission.

Choose New Jersey is a nonprofit organization dedicated to expanding the state's economy through collaboration across various sectors.