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One way to get all these technologies into single devices is just to agglomerate a bunch of off-the-shelf silicon chips and jam them into a product. Most notably, they have power constraints, which means that they often can’t include five chips on board, but rather need one single chip that can use power extremely efficiently.
The two entities will oversee NJ FAST’s accelerator program with an opportunity to make equity investments into select participating companies. Pending approval by its Board, the NJEDA intends to invest up to $17.5 The NJEDA and Plug and Play have signed a non-binding letter of intent to form a limited partnership known as NJ FAST.
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