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Innovation is key to economic development

Innovation 2 Enterprise

Innovation stimulates entrepreneurship. The more successful the new companies are in top-line revenue, bottom-line profitability and gross margins, the more taxes paid and the more potential dollars that the state can plow back into research and development, thus perpetuating the cycle of innovation and job creation.

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Broadband critical for economic development

Innovation 2 Enterprise

Another thing I learned recently has to do with the recipe for a robust innovation economy and the unintended consequences of well-intended legislation. According to the Federal Communication Commission’s 2018 broadband deployment chart, Oklahoma is last in our region in broadband development. Here’s the situation.

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A Meeting of Unreasonable Minds

Entrepreneurs' Organization

“The Middle East consists of developing nations and, sadly, we are consumers of innovation and create very little of it ourselves. We hardly invent any new technologies and don’t invest enough in research and development,” Suhail says. “I I want to encourage more innovative thinking.”. Promoting Disruption.

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34 Innovative Companies Awarded Benefits in 2023

American Entrepreneurship

June 3, 2024) – The New Jersey Economic Development Authority (NJEDA) today announced that 34 technology and life sciences companies were awarded more than $68 million through the 2023 Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss (NOL) program. TRENTON, N.J.

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New Jersey announces $10M seed fund aimed at Black and Latinx founders

TechCrunch

The Black and Latinx Seed Fund will be administered by the New Economic Development 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.

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VC meets the land of opportunity

TechCrunch

My story is that of the average American, and yet feels light years apart from what people perceive as the “innovation economy.” And, at the helm of such innovations needs to be the people closest to these market opportunities, in full alignment with their customers and the nuances to best serve them. And yet, here we are.

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NJEDA Awards First $2M under Angel Match Program to Support Early-Stage Technology Companies

American Entrepreneurship

April 24, 2024) – The New Jersey Economic Development Authority (NJEDA) has closed its first four approvals under the Angel Match Program , awarding a total of $2 million to support early-stage technology companies. This early commitment from the NJEDA catalyzes additional financing in these innovative startups.

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