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Woodchuck Raises $3.75M to Combat Construction Waste Crisis with AI-Driven Biomass Energy Platform

American Entrepreneurship

The funding will accelerate its mission to address the construction waste crisis by transforming wood waste into renewable energy, a breakthrough approach that positions the company at the forefront of clean energy innovation. million seed funding round. Thank you, Todd, for the work you are doing,” said Governor Whitmer. “We’re

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

American Entrepreneurship

Microsoft alone accounted for over 60% of CoreWeaves 2024 revenue, raising questions about customer concentration risk. Still, CoreWeaves strategic moves are positioning it for long-term growth. The company reported $1.92 In March 2025, it signed a five-year, $11.9 The company recently announced a $1.2

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NJEDA Board Approves Two Programs to Advance New Jersey’s Leadership in Artificial Intelligence

American Entrepreneurship

AI presents a tremendous economic opportunity for New Jersey, poised to create good-paying jobs, catalyze new discoveries, grow our start-up community, and foster long-term economic growth, said Governor Murphy. For more information, including additional eligibility requirements, click here.

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EDA Awards an additional $210M in Tech Hub Grants Supporting Innovation

American Entrepreneurship

Tech Hub Funding Background In July 2024, the Economic Development Administration (EDA) awarded 12 Tech Hubs Designeeswith implementation grants that ranged between $19million and $51 million, totaling $504million.

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ACA Announces Columbus, Ohio as Site of 2024 Summit of Angel Investing

Angel Capital Association

FOR IMMEDIATE RELEASE 10/01/2023 10/01/2023 - The Angel Capital Association (ACA), the world’s largest association of angel investors, has announced that Columbus, Ohio will host its 2024 Summit of Angel Investing.

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Digital Transformation Is Crucial for Longevity According to Cisco Study

Smart Hustle Magazine

A new study reveals just how much the COVID-19 pandemic is accelerating small business digital transformation. IDC’s analysis of data from eight countries finds the massive impact digitalization can have on GDP by 2024. How much small business digital transformation could boost economic growth. trillion to $14.6

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Governor Murphy Announces Proposed Fintech Accelerator in Hoboken

American Entrepreneurship

The two entities will oversee NJ FAST’s accelerator program with an opportunity to make equity investments into select participating companies. million in the fintech accelerator. From 2020 to 2022, Plug and Play was the most active startup accelerator in the world, according to CB Insights.