Nynens Steps Down from Roles at NJII and NJIT

On Aug 8, 2022

Simon Nynens, CEO of the New Jersey Innovation Institute (NJII) and vice president and chief commercial officer at the New Jersey Institute of Technology (NJIT), has stepped down from his dual roles as of August 5, NJIT President Dr. Teik C. Lim announced.

Since joining NJIT/NJII in 2018, Nynens has completed a reorganization of NJII and led it to the achievement of several important milestones, according to Lim. Most recently, NJII completed the $73 million sale of its subsidiary, Biocentriq, and announced partnerships with McKinsey to launch the Digital Capabilities Center and with Merck to create the Digital Startup Studio program.

In a written statement to Lim, Nynens said, “Throughout my career, I have been someone who is energized by the idea and the challenge of building something up, creating a foundation upon which future growth can be supported and sustained. I am very proud of what we have accomplished, because we did this as a team. I have been very fortunate to be surrounded by great colleagues, and I believe that NJII and NJIT both are poised for continued growth.

“That makes this the right time for me to step away from my role as I pursue the completion of my doctoral studies and other interests. I have appreciated the opportunity to become part of the NJIT/NJII community, and to work on projects that have such meaningful impact on our economy and create opportunities for entrepreneurs and for NJIT students, faculty, and alumni.”

According to Lim, a new leader for NJII is being sought “who can build upon the foundation that Nynens as helped construct. Until the time we can name a new CEO, I will be assuming leadership of NJII in collaboration with its Board of Directors.”

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