The New Jersey Institute of Technology was ranked 41st by The Princeton Review for entrepreneurship studies and is the only university in New Jersey to achieve this recognition.
NJIT offers 17 credit-bearing entrepreneurship courses to more than 450 students, as well as both major and minor entrepreneurship degrees. Two-thirds of its faculty have entrepreneurial experience and, in the past five years, alumni startups have raised $1,100,000 in funding.
NJIT conducts extracurricular entrepreneurial activities that engage all of its colleges. Among them are the New Jersey Innovation Acceleration Center, which sponsors a New Business Model Competition; the National Science Foundation Innovation Corps at NJIT, which provides seed grants and technology commercialization training to faculty-student teams with competitive innovations; and the Tech Venture Support Program, which provides technology startups with market research and fundraising assistance.