Stevens Institute of Technology has been awarded $7.5 million from the 2024-2025 New Jersey budget to enhance their computer science and artificial intelligence programs. The university is thrilled about the funding and the opportunities it will bring to expand their capacity to educate more students in these high-demand fields.
The state funding has been divided into two parts: $5.75 million for the university and $1.75 million for their artificial intelligence institute. Stevens President Nariman Farvardin thanked Governor Murphy and several state senators and assembly members for their support and recognition of the importance of AI and computer science in New Jersey’s economic future.
With these enhancements, Stevens will be able to accommodate more students in these dynamic disciplines, increase research efforts, and strengthen collaborations with industry partners. The institute has seen significant growth in recent years, with a substantial increase in undergraduate and graduate applications as well as research awards.
Farvardin stated that the appropriation is a significant step forward in meeting the demand for AI education and research. Stevens looks forward to leveraging this investment to continue providing technology talent and innovations that drive New Jersey’s economy.
As a result of this funding, Stevens Institute of Technology will be able to attract more students, expand research efforts, and strengthen collaborations with industry partners. With its continued growth, the institute will play an essential role in shaping New Jersey’s economic future by providing technology talent and innovations.
Stevens President Nariman Farvardin expressed his gratitude to Governor Murphy and several state senators and assembly members for recognizing the importance of AI and computer science in New Jersey’s economic future. He thanked them for supporting the allocation of funds towards enhancing these programs at Stevens Institute of Technology.
In addition to enhancing its computer science programs, Stevens Institute of Technology will also use this funding to strengthen its artificial intelligence institute further. This allocation comes after significant growth in recent years, including a substantial increase in undergraduate
