Simon Nynens is moving on from his role at the head of New Jersey Innovation Institute, an NJIT corporation.
University President Teik Lim announced the CEO’s decision to the NJIT community in an Aug. 5 message highlighting his achievements and detailing next steps. With Nynens’ exit effective that same day, Lim said he will assume leadership of NJII in collaboration with its board of directors until a new leader can be named.
Nynens joined NJIT/NJII in 2018. Since then, he’s led a reorganization of the institution and achieved a number of successes. In a statement shared by Lim, Nynens – who also serves as vice president and chief commercial officer for NJIT – said it was the right time for him to step away.
“Throughout my career, I have been someone who is energized by the idea and the challenge of building something up, creating a foundation upon which future growth can be supported and sustained. I am very proud of what we have accomplished, because we did this as a team. I have been very fortunate to be surrounded by great colleagues, and I believe that NJII and NJIT both are poised for continued growth. That makes this the right time for me to step away from my role as I pursue the completion of my doctoral studies and other interests,” he said.
Operating across four industries – health care, entrepreneurship, defense and homeland security, and professional and corporate education – NJII “helps turn ideas into workable solutions.” In May, one of those solutions sold for $73 million when GC Group of South Korea completed its purchase of BioCentriq Inc., a contract development and manufacturing organization that designs and develops scalable cell and gene technologies.
At the start of the summer, NJII announced the launch of the Merck Digital Sciences Studio, in collaboration with that Rahway-based company, to support early-stage biomedical startups.
“I have appreciated the opportunity to become part of the NJIT/NJII community, and to work on projects that have such meaningful impact on our economy and create opportunities for entrepreneurs and for NJIT students, faculty, and alumni,” Nynens continued.
In his message, Lim said the school is now conducting a search for a replacement who can build upon the foundation he has laid.
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The New Jersey Institute of Technology president discusses his priorities, the challenges he sees ahead and what attracted him to the Newark school. Read/watch more.