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, including advanced computing, biotechnology, and renewable energy technology, among others. 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 also requires the EDA to adopt necessary rules and regulations to implement the website effectively, taking into account the unique needs of the eligible entities it serves. The act is set to take effect immediately upon passage.