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CoreWeave’s IPO Marks a Milestone for New Jersey’s AI Ecosystem

American Entrepreneurship

The companys collaboration with the New Jersey Economic Development Agency is a boost to the states program to attract AI companies for its innovation economy. This collaboration represents the best of what private-public partnerships can achieve, said Brian Venturo, CoreWeaves chief strategy officer. The company raised $1.5

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Rallying for rural entrepreneurship: addressing the challenges that face rural small businesses

Source Link

During my tenure with the local University I worked with economic developers all across Iowa, from Sioux City to Davenport and a great many small but mighty communities in-between: Grinnell, Parkersburg, Webster City and Lamoni to name a few. Starting and growing a business can prove to be a daunting endeavor within any market.

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Practical Metrics and Methods: ESHIP Goal 5 – Part 2

Ecosystem Builder Hub

Christina Theodoraki is Assistant professor in Entrepreneurship & Strategy at Toulouse Business School. Her thesis entitled “Towards an Ecosystem Approach to the Strategy and Performance of Incubators” received two Best Dissertation in Management and Entrepreneurship Awards. ” (#18303, August, Vancouver ).

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Practical Metrics and Methods: ESHIP Goal 5 – Part 1

Ecosystem Builder Hub

The traditional economic development approach uses static and reactive metrics – the number of jobs created, capital investment dollars, and companies recruited – on an annual basis. For example, my EDO had “7 wins” (companies that relocated) in 2018, but only “1 win” in 2019. Metrics do that.

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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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Google’s third bet from its Africa Investment Fund is in logistics company Lori Systems

TechCrunch

In 2019, we reported the firm’s Series A round, which several publications quoted to be between $20-30 million, led by Imperial Logistics (recently acquired by Dubai Ports World). “ Lori Systems is a great example of how technology can be scalable across Africa, and how, in turn, this can drive meaningful economic development.”.

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SoftBank sinks $200M into Andela, propels company into unicorn territory

TechCrunch

Its last valuation of $700 million came when the company raised a $100 million Series D in 2019. Though the company has attracted some big investors, it continued to struggle with its business model , including laying off employees in 2019 even after raising a $100 million Series D.