Requires New Jersey Commission on Science, Innovation, and Technology to establish matching grant program for public research universities that receive certain federal research grants; appropriates $5 million.

New Jersey's S 1664 establishes a matching grant program for public research universities that receive federal research grants. The bill requires the Commission on Science, Innovation, and Technology to distribute $5 million in state funds to help these universities match federal grants, prioritizing projects aligned with state economic development goals and priority industries. Universities must apply for funding, with selections based on criteria like economic impact potential and student research opportunities. The commission must annually report on grant recipients and the program's effectiveness in advancing economic development.