JPMorganChase has joined SciTech Scity’s Healthcare Innovation Engine as a New Jersey Market Partner, expanding the reach of what organizers call the nation’s first statewide digital health adoption platform.
The Healthcare Innovation Engine is a flagship initiative of SciTech Scity, Liberty Science Center’s 30-acre innovation campus under development in Jersey City.
Launched in February 2024, the Healthcare Innovation Engine is a public-private partnership designed to help digital-first health care solutions move from concept to real-world use — running structured pilots meant to generate evidence and create a model other communities and health systems can replicate.
The Engine’s work spans cardiovascular care, maternal health, mental health, oncology, aging and chronic disease.
As a New Jersey Market Partner, JPMorganChase will work directly with the Engine’s network of entrepreneurs, payers, government partners and founders across the New Jersey and New York region, mentoring early-stage companies and helping connect them to resources needed to grow. The bank’s role draws on its healthcare finance business, which spans startup banking, commercial lending, private banking and public markets.
“Healthcare innovation requires more than great ideas. It requires the right ecosystem to support growth and adoption,” Jon Panik, managing director at J.P. Morgan Private Bank, said. “Through this partnership, we are putting our network, our capital, and our healthcare expertise directly in service of the founders who are solving the hardest problems in care delivery.”
JPMorganChase joins an all-star list of bankers, including EY, Bristol Myers Squibb, RWJBarnabas Health, the New Jersey Innovation Institute, Tech Council Ventures, Princeton University, Nokia Bell Labs, the N.J. EDA, the state’s Department of Human Services and Department of Health, as well as the Jersey City Department of Health and Human Services.
Alex Richter, executive director and head of the SciTech Innovation Hub, said he was delighted by the support.
“At a time when healthcare systems are under pressure to deliver more with fewer resources, and policymakers are raising the bar on equity and innovation, our partnership with JPMorganChase ensures that the most promising digital health startups do not just pilot in New Jersey, they scale here,” he said.
The Healthcare Innovation Engine was recognized by the World Economic Forum with its 2025 Public-Private Collaboration Award. SciTech Scity’s broader campus, which will include Liberty Science Center High School, an eight-story business creation center called Edge Works, student and scholar housing, and outdoor community space, is set to begin opening in 2026 under the name Frank J. Guarini Innovation Campus.
