ICYMI: Lieutenant Governor Tahesha Way Signs Memorandum of Understanding Between New Jersey Innovation Institute and T-Hub Foundation

From: New Jersey Governor Phil Murphy
December 11, 2024

Hyderabad - As part of the New Jersey-India Commission’s inaugural mission, the Commission, in conjunction with Choose New Jersey, today facilitated the signing of a Memorandum of Understanding (MOU) between New Jersey Innovation Institute (NJII), a subsidiary of the New Jersey Institute of Technology (NJIT), and T-Hub Foundation (T-Hub), India’s leading startup incubator. New Jersey is The World’s State™ — a global hub that draws immigrants and international businesses from around the world, and this collaboration aims to encourage innovation and support economic growth in New Jersey and the State of Telangana in India.

This new Memorandum of Understanding builds on a longstanding partnership between Choose New Jersey, T-Hub, and NJIT. The MOU was signed in the esteemed presence of the Honorable Minister for Information Technology, Electronics, and Communication, Industry and Commerce, Government of Telangana, Shri Duddilla Sridhar Babu, whose visionary leadership has been instrumental in positioning Telangana as a global hub for innovation and technology. In 2019, Choose New Jersey and T-Hub signed a tripartite agreement with VentureLink, the community hub for technology companies at NJIT, to advance startup innovation, funding, and entrepreneurship. This earlier collaboration laid the groundwork for the continued exchange of ideas and resources, further solidifying the relationship between New Jersey and India as global leaders in fostering technological advancements and economic growth.

"New Jersey is a remarkable example of how diversity drives innovation, with a thriving Indian-American community and one of the world's highest concentrations of Indian-origin professionals. This collaboration between NJII and T-Hub underscores the potential of bringing together the best of both worlds—Telangana’s proven expertise in driving transformative advancements in artificial intelligence, life sciences, and technology, and New Jersey’s robust academic and industrial ecosystems,” said, Shri Duddilla Sridhar Babu, Hon’ble Minister for Information Technology, Electronics & Communication, Industry & Commerce, Government of Telangana. “Telangana has consistently demonstrated leadership in building cutting-edge solutions and fostering global partnerships. Today’s collaboration is not just about innovation but about creating an enduring bridge of knowledge, technology, and opportunity between two regions committed to shaping the future of the global economy."

“This collaboration is a testament to the strength of our global partnerships,” said Lieutenant Governor Tahesha Way. “These two institutions, the New Jersey Innovation Institute, and the T-Hub Foundation work to uplift innovators. By working together, we are not only advancing innovation but also deepening the cultural and economic bonds between New Jersey and India.”

NJII, a nonprofit subsidiary of NJIT, leverages academic, public, and private resources to address market challenges through innovation and workforce development. T-Hub, based in Hyderabad, has created a robust ecosystem for entrepreneurship, focusing on startup incubation, acceleration, and market access.  

“This agreement strengthens our ongoing efforts in critical industries such as artificial intelligence, life sciences, healthcare, and manufacturing,” said Wesley Mathews, President and CEO of Choose New Jersey and Chair of the New Jersey-India Commission. “India is one of New Jersey’s most vital international partners. Together, we are driving technological advancements that will benefit both regions.”

“At NJII, we are dedicated to creating ecosystems that spark innovation and economic growth,” said Dr. Michael Johnson, President of NJII. “Our partnership with T-Hub will unlock new opportunities for collaboration in emerging technologies, fostering long-term economic and community impact.”

Sujith Jagirdar, Interim CEO of T-Hub, said, “At T-Hub, we are committed to fostering global collaboration to empower startups and entrepreneurs. Our partnership with NJII builds on a shared vision to advance innovation in critical areas such as AI, healthcare, and manufacturing. By bridging ecosystems between India and New Jersey, we aim to unlock groundbreaking opportunities, drive economic growth, and enable startups to scale globally.”. 

To view the full MOU, click here.

Reporters interested in more information on the inaugural New Jersey-India Commission economic mission may contact Toral Patel ([email protected]) and Ingrid Austin ([email protected]) or visit choosenj.com/IndiaMission for additional details.

About Choose New Jersey
Choose New Jersey is the State’s leading non-profit business attraction organization. We harness the collective power of New Jersey’s business, government, labor, and academic sectors to expand New Jersey’s economy. We work globally, using our marketing expertise, concierge business development services, deep knowledge of the State, and convening power, in collaboration with State government, to empower businesses, entrepreneurs, leaders, and innovators to make New Jersey their home. To learn more, visit choosenj.com.

About New Jersey Institute of Technology (NJIT)
New Jersey Institute of Technology (NJIT) is a top-tier public research university located in Newark, New Jersey, renowned for its leadership in education, research, economic development, and community service. With over 125 years of innovation, NJIT offers world-class programs in engineering, technology, architecture, and the sciences, fostering a collaborative learning environment that empowers students to solve real-world challenges. As a designated R1 research university, NJIT is committed to driving technological advancements and economic growth both locally and globally. To learn more, visit njit.edu.

About New Jersey Innovation Institute (NJII)
The New Jersey Innovation Institute (NJII), a nonprofit corporation and subsidiary of NJIT, combines the resources of academia, industry, and government to develop innovative solutions that address key challenges in healthcare, manufacturing, supply chain logistics, data analytics, and more. By fostering an ecosystem of innovation, NJII creates opportunities for collaboration, accelerates technology commercialization, and helps build a highly skilled workforce for the industries of tomorrow. To learn more, visit njii.com.

About T-Hub Foundation
T-Hub (Technology Hub) is an innovation hub and ecosystem enabler. Based out of Hyderabad, India, T-Hub leads India’s pioneering innovation ecosystem and is the world’s largest innovation campus. Over the nine years, T-Hub has pivoted around the 6Ms (Mentors, Market, Motivation, Manpower, Money, Methodologies) and 2Ps (Partnerships & Policy advisory) framework with a mission of driving results and collaboration for entrepreneurs’ success. It has delivered 100+ innovation programs so far, creating an impact for start-ups, corporations, and other innovation ecosystem stakeholders.  Since inception, it has provided over 2000 national and international start-ups with access to better technology, talent, mentors, customers, corporates, investors, and government agencies. To learn more, visit t-hub.co.

 

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