New Economy Initiative

The New Economy Initiative, or NEI, is a forward-thinking investment by the state of Arizona that leverages the breadth and depth of ASU’s knowledge and expertise to improve Arizona’s competitiveness in the sectors that matter most for 21st-century industrial growth, including advanced manufacturing and materials, advanced communication technologies, cybersecurity, artificial intelligence, automation and robotics, digital media, virtual and augmented reality, big data and more.

Seizing Arizona’s opportunity for leadership in the New Economy requires a highly skilled workforce, and the Ira A. Fulton Schools of Engineering is at the forefront of ASU’s efforts to produce the talent to position our state for success in attracting and growing high-tech industries. By 2025, the New Economy Initiative will establish the Fulton Schools of Engineering as a national leader in engineering education that meets local demand for skilled workers and enables sustained industrial growth that creates wealth for Arizona businesses and families.

Science and Technology Centers: Supporting industries of the future

The New Economy Initiative supports the development of five Science and Technology Centers, or STCs, at ASU that will position Phoenix and Arizona for national and global leadership in the New Economy. STCs nurture local industries and lay the foundation for Arizona to compete for nationally and internationally significant economic development opportunities that create high-paying jobs.

Learn more about the STCs below and be sure to

AMPED: Advanced Materials, Processes, and Energy Devices

Advances new materials and devices for solar, battery and power electronics for the broad electrification of the energy sector.

MADE: Manufacturing, Automation and Data Engineering

Creates foundational manufacturing technologies and methods using process science and engineering, robotics and automation, and data analytics, cyber and AI.

PERFORM: Human Performance

Develops novel technologies to enhance physical and cognitive performance and improve medical prevention and interventions.

EXTREME: Extreme Environments

Addresses challenges of growing population centers by engineering resiliency into transportation, energy, water and materials systems that impact future cities.

ACT: Advanced Communications

Drives innovation in physical information systems and sensing and communications solutions to meet the emerging demands of high-bandwidth applications.