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

This bill establishes the New Jersey STEM Entrepreneur Fellowship Program, requiring the Secretary of Higher Education to create a three-year fellowship initiative supporting STEM entrepreneurs. It allocates funding for at least 20 fellowships at New Jersey colleges and universities, prioritizing applicants with viable STEM business ideas that will benefit society and become self-sustaining. Fellows receive support to commercialize their ideas and build structured businesses, with priority given to those backed by state-supported incubators. The program must be evaluated within five years to assess its success in launching new businesses. The initiative directly affects STEM entrepreneurs seeking resources to develop their ventures.