This bill mandates the New Jersey Economic Development Authority (EDA) to establish a needs-matching website aimed at connecting eligible entities with suppliers for various resources related to innovation projects. Eligible entities are defined as those conducting business in specific industries such as advanced computing, biotechnology, and renewable energy technology. The website will allow these entities to advertise their needs for physical locations, equipment, labor, and other supplies, facilitating communication and agreements with potential suppliers.

Additionally, the EDA is tasked with maintaining a list of public and private funding sources, including State and federal grant programs, that may be relevant to eligible entities. The bill emphasizes the importance of considering the unique needs of these entities during the website's design and implementation, and it requires the EDA to adopt necessary rules and regulations to ensure the effective operation of the website. The act is set to take effect immediately upon passage.