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

Bill A 2414 creates the New Jersey STEM Entrepreneur Fellowship Program, requiring the Secretary of Higher Education to establish and fund at least 20 three-year fellowships for STEM entrepreneurs. The program supports individuals with viable STEM business ideas that benefit society and can become self-sustaining, prioritizing applicants with backing from state-supported incubators. Fellowships provide funding primarily for commercializing ideas and building structured businesses at New Jersey’s county colleges and four-year institutions. The Secretary must evaluate the program’s effectiveness in creating new businesses within five years of the first fellowship.