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S3643 • 2026

Requires Secretary of Higher Education to establish New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in STEM fields.

Requires Secretary of Higher Education to establish New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in STEM fields.

Education Small Business
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Greenstein, Linda R.
Last action
2026-02-24
Official status
Introduced in the Senate, Referred to Senate Higher Education Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires Secretary of Higher Education to establish New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in STEM fields.

Requires Secretary of Higher Education to establish New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in STEM fields.

What This Bill Does

  • Requires Secretary of Higher Education to establish New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in STEM fields.
  • Topic: Higher Education Fiscal note: This bill has been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-02-24 New Jersey Legislature

    Introduced in the Senate, Referred to Senate Higher Education Committee

Official Summary Text

Requires Secretary of Higher Education to establish New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in STEM fields.
Topic:
Higher Education
Fiscal note:
This bill has been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
S3643

SENATE, No. 3643

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED FEBRUARY 24, 2026

Sponsored by:

Senator� LINDA R. GREENSTEIN

District 14 (Mercer and Middlesex)

Co-Sponsored by:

Senator McKnight

SYNOPSIS

���� Requires Secretary of Higher Education to establish
New Jersey STEM Entrepreneur Fellowship Program to support entrepreneurs in
STEM fields.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act
establishing the New Jersey STEM Entrepreneur
Fellowship Program and supplementing Title18A of the New Jersey Statutes.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.��� a.� The Secretary of
Higher Education, in consultation with the Commissioner of Labor and Workforce
Development and the New Jersey Economic Development Authority, shall establish
the New Jersey STEM Entrepreneur Fellowship Program in county colleges and
four-year institutions of higher education.

���� b.��� The secretary shall work
in consultation with the New Jersey Economic Development Authority and the
Commissioner of Labor and Workforce Development to fund no less than 20
fellowships, administered by the secretary, which focus on supporting
entrepreneurs in the Science, Technology, Engineering and Mathematics (STEM)
fields. The fellowships may be provided to individuals who have proven to the
secretary that they have an idea to create, advance or develop a product in the
STEM field which will have a beneficial impact on society and will result in a
self-sustaining business in the future.�

���� The fellowships shall be
issued for three years each and shall be used primarily to support the
entrepreneurs in commercializing the idea and developing a well-structured
business.

���� Priority shall be given to
fellowships which are submitted with the support of an incubator supported by
the State of New Jersey or any of its public entities.

���� c.���� The secretary, in
consultation with the New Jersey Economic Development Authority, shall conduct
an evaluation of the effectiveness of the New Jersey STEM Entrepreneur
Fellowship Program to establish new businesses no later than five years after
the approval of the first fellowship.

���� 2.� This act shall take effect
immediately.

STATEMENT

���� This bill requires the Secretary
of Higher Education, in consultation with the Commissioner of Labor and
Workforce Development and the New Jersey Economic Development Authority, to
establish the New Jersey STEM Entrepreneur Fellowship Program in county
colleges and four-year institutions of higher education to support
entrepreneurs in the Science, Technology, Engineering and Mathematics (STEM)
fields.� Under the bill, the secretary will fund and administer no less than 20
fellowships.� The fellowships may be provided to individuals who have proven to
the secretary that they have an idea to create, advance or develop a product in
the STEM field which will have a beneficial impact on society and will result
in a self-sustaining business in the future.� The fellowships will be issued
for three years each and will be used primarily to support the entrepreneurs in
commercializing the idea and developing a well-structured business.