Rowan interests tech companies

By JEANNE RIDGWAY

Four technology companies developing new products are expressing interest in becoming tenants at The South Jersey Technology Park at Rowan University.

One prospective tenant will visit Rowan this week.

"We have negotiations under way with four candidates right now," said Tom Drury, CEO of the tech park, which is set to open next spring. "We have no signed deals, but it's progressing."

The park presents a unique opportunity for businesses and entrepreneurs. Through its connection to Rowan University, tenants receive engineering and business support for developing new products.

The entire region will benefit as tech companies grow, offering South Jersey residents employment in high-paying jobs, said Joe Cardona, Rowan University spokesman. Rowan faculty and students also will use the tech center to transform their research ideas into business opportunities, he said.

The park's first building -- The Samuel H. Jones Innovation Center, a 44,000-square-foot structure -- will be ready for occupancy in early 2008.

The $11 million innovation center will provide affordable rental space as well as technical and business support for about four tenant businesses, Drury said. He hopes the first tenant business will be in place by April.

The building will house an advanced research facility and a business incubator on the first floor. Both will be operated by Rowan for the benefit of tenant businesses.

Reach Jeanne Ridgway at (856) 251-3346 or jridgway@courierpostonline.com.

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Date Published: Friday, September 14, 2007 - 01:00
Source URL: Courier-Post