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NJEDA Program Helps to Draw Investment Interest into Innovative NJ Startups

American Entrepreneurship

According to estimates from PitchBook, venture capital and angel investment activity has declined since 2021, with a 40 percent reduction in the amount of companies receiving investment and a 50 percent decrease in investment funding. For a full list of eligibility requirements and further information on the program, visit [link].

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Komunal secures $8.5m to strengthen Indonesia’s neo-rural bank ecosystem

AsiaTechDaily

The fintech company, which was the first to digitize BPR in accelerating the financial inclusion in Indonesia’s tier 2 and tier 3 cities, said that the funding round was led by East Ventures (Growth fund). It was also participated by AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, and Gobi Partners.

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NJEDA Approves First NJ Innovation Evergreen Fund Investment to Newark-based 1Huddle

American Entrepreneurship

October 12, 2023) – The New Jersey Economic Development Authority (NJEDA) Board today approved the first investment in an emerging New Jersey company from the New Jersey Innovation Evergreen Fund (NJIEF). The NJIEF, launched in 2022, is a groundbreaking tool to increase access to strategic resources and venture capital in New Jersey.

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NJEDA Establishes Diversity Finance Advisory Board

American Entrepreneurship

September 21, 2023) – The New Jersey Economic Development Authority (NJEDA) today announced the establishment of the Diversity Finance Advisory Board (DFAB) which will work to increase access to institutional capital for women- and minority-owned startups. Seelaus & Co.,

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NJEDA Launches Second Phase of Cannabis Equity Grant Program

American Entrepreneurship

November 13, 2023) —The New Jersey Economic Development Authority (NJEDA) announced today that the application for Phase II of its Cannabis Equity Grant Program will open on November 30, 2023, at 10:00 a.m. To assist potential applicants, NJEDA will host a webinar on November 13, 2023, at 6:00 p.m.

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NJEDA Board Makes Wide-Ranging Set of Approvals to Continue Growing NJ’s Economy

American Entrepreneurship

May 22, 2023) – The New Jersey Economic Development Authority (NJEDA) Board made several key program and policy approvals during its May meeting, including its first awards of residential projects under the Aspire Program, additional funding for the Authority’s child care programming, and record-breaking investments in venture capital.

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NJEDA to Launch Cannabis Equity Grant Program Application on 4/20

American Entrepreneurship

The Phase I Joint Ventures Grant will award $250,000 to eligible recreational cannabis businesses TRENTON, N.J. The Phase I Joint Ventures Grant will provide eligible startups with a grant of $250,000. Applicants who are not eligible for the Joint Ventures Grant may qualify for Phase II of the program that will launch later this year.