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1. Introduction 1.1 New Jersey Corporation for Advance Technology (NJCAT) Program NJCAT is a not-for-profit corporation to promote in New Jersey the retention and growth of technology-based businesses in emerging fields such as environmental and energy technologies. NJCAT provides innovators with the regulatory, commercial, technological and financial assistance required to bring their ideas to market successfully. Specifically, NJCAT functions to: • Advance policy strategies and regulatory mechanisms to promote technology commercialization; • Identify, evaluate, and recommend specific technologies for which the regulatory and commercialization process should be facilitated; • Facilitate funding and commercial relationships/alliances to bring new technologies to market and new business to the state; and • Assist in the identification of markets and applications for commercialized technologies. The technology verification program specifically encourages collaboration between vendors and users of technology. Through this program, teams of academic and business professionals are formed to implement a comprehensive evaluation of vendor specific performance claims. Thus, suppliers have the competitive edge of an independent third party confirmation of claims. Pursuant to N.J.S.A. 13:1D-134 et seq. (Energy and Environmental Technology Verification Program) the New Jersey Department of Environmental Protection (NJDEP) and NJCAT have established a Performance Partnership Agreement (PPA) whereby NJCAT performs the technology verification review and NJDEP certifies that the technology meets the regulatory intent and that there is a net beneficial environmental effect of the technology. In addition, NJDEP/NJCAT work in conjunction to develop expedited or more efficient timeframes for review and decision-making of permits or approvals associated with the verified/certified technology. The PPA also requires that: • The NJDEP shall enter into reciprocal environmental technology agreements concerning the evaluation and verification protocols with the United States Environmental Protection Agency, other local required or national environmental agencies, entities or groups in other states and New Jersey for the purpose of encouraging and permitting the reciprocal acceptance of technology data and information concerning the evaluation and verification of energy and environmental technologies; and • The NJDEP shall work closely with the State Treasurer to include in State bid specifications, as deemed appropriate by the State Treasurer, any technology verified under the Energy and Environment Technology Verification Program. 4PDF Image | NJCAT TECHNOLOGY VERIFICATION CAPSTONE
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