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The Black and Latinx Seed Fund will be administered by the New EconomicDevelopment Authority (NJEDA). NJEDA CEO Tim Sullivan said based on research conducted by the state, that New Jersey is the first state in the nation to develop this type of fund. billion venture dollars invested between 2018 and 2019.
Collaboration between organizations providing various services creates a cohesive network of resources better suited to support innovation. In others, support organizations provide a more cohesive network to collaboratively meet the needs of entrepreneurs. EconomicDevelopment Quarterly, 32(2), 119-134. 2019) [link].
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