NJIT has a long history of innovation in on-line communications. With one of the most computing intensive campuses in the world, NJIT has pioneered in the applications of new technologies as learning tools. The university educates one of the largest groups of information technology students in the nation. Not coincidentally, New Jersey is one of the leading states for computing and high technology businesses. Thirty of the nation's fastest growing technology companies are based in the state, and New Jersey ranks 7th in the nation as a cyberstate and 8th for venture capital investment – $3.5 billion – in information technology and software. New Jersey offers the second highest wages in the nation for technology workers.