The Stevens Institute of Technology is thrilled to announce the $7.5 million allocation they received from the 2024-2025 New Jersey budget. This funding will allow them to enhance their computer science and artificial intelligence programs, which they are excited about.
Stevens President Nariman Farvardin expressed gratitude to the government officials who supported the institution and recognized the importance of AI and computer science in New Jersey’s economic future. The state funding is divided into two parts: $5.75 million for the university and $1.75 million for their artificial intelligence institute.
With this funding, Stevens plans to expand their capacity to educate more students in these high-demand fields and accelerate their AI research initiatives. These enhancements will allow them to accommodate more students in dynamic, industry-relevant disciplines, increase research efforts, and strengthen collaborations with industry partners.
In recent years, Stevens has experienced significant growth, with a substantial increase in undergraduate and graduate applications. Their research awards have also grown substantially, highlighting the university’s impact on technology innovation. Farvardin sees this funding as a significant step forward in meeting the demand for AI education and research.
Looking ahead, Stevens aims to leverage this investment to continue providing the technology talent and innovations that drive New Jersey’s economy. They are committed to further developing their programs to benefit the state’s technology workforce and innovation ecosystem.
Overall, Stevens Institute of Technology is grateful for this opportunity to continue investing in its computer science and artificial intelligence programs with this new funding allocation from the New Jersey budget. With this investment, they look forward to providing even more opportunities for students while driving innovation in the state’s tech industry.
