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The companys collaboration with the New Jersey EconomicDevelopment Agency is a boost to the states program to attract AI companies for its innovation economy. Microsoft alone accounted for over 60% of CoreWeaves 2024 revenue, raising questions about customer concentration risk. The company reported $1.92
Next NJ Program and AI Innovation Challenge Administration Grant Program will increase AI investment and catalyze groundbreaking research TRENTON, N.J. New Jerseys continued investment in the sectors of the future will pay dividends for generations to come, setting the Garden State on a path of economic strength and prosperity.
Their selection for initial grants was based on target investments that will advance critical technology important to American economic and national security. economic and national security. These new awardees, all designated Tech Hubs, have not received prior Tech Hub implementation funds. Secretary of Commerce Gina Raimondo.
On Tuesday, July 9, 2024, Ben Franklin Technology Partners hosted a virtual pitch event for their TechCelerator Startup Bootcamp. The post Ben Franklin’s Spring 2024 TechCelerator Winners Announced! The post Ben Franklin’s Spring 2024 TechCelerator Winners Announced! first appeared on BFTP/CNP. first appeared on BFTP/CNP.
SEE FULL SCREEN LEADING INNOVATION AND ECONOMIC RESILIENCE IN PA As we reflect on the remarkable journey of the past year, I am filled with pride and gratitude for the ongoing impact that our program has had in driving economicdevelopment and fostering innovation throughout Pennsylvania. EconomicDevelopment Administration.
“Main streets across our Commonwealth are not only an important part of our small business economy, but they also create community, are gathering places and enhance our quality of life,” said Stephen McKnight, President and CEO, Blair County Alliance for Business and Economic Growth. “We
Come watch six finalists pitch their BIG IDEAS at the 2024 PA Wilds BIG IDEA Contest! Hosted by Ben Franklin Technology Partners of Central and Northern PA, this exciting event will take place on June 13, 2024 at Penn College of Technology, Klump Academic Center, 1034 W. For more information on the region, visit www.PAWilds.com.
On Tuesday, July 9, 2024, Ben Franklin Technology Partners hosted a virtual pitch event for their TechCelerator Startup Bootcamp. Eight entrepreneurial teams presented their business startup ideas to a panel of judges, friends, family, and other community members for a chance to win $10,000 to launch their business.
Come watch six finalists pitch their BIG IDEAS at the 2024 PA Wilds BIG IDEA Contest! Hosted by Ben Franklin Technology Partners of Central and Northern PA, this exciting event will take place on June 13, 2024 at Penn College of Technology, Klump Academic Center, 1034 W. When: Thursday, June 13 2024 Time: 1:00 – 5:00 p.m.
On March 20, 2024, the Samuel P. ” Maggie Horne, Director of the Gannon Small Business Development Center (SBDC), echoed similar sentiments, emphasizing the importance of collaborative initiatives like the TechCelerator program in fostering innovation and supporting local entrepreneurs.
Funds will support investments in early-stage technology companies TRENTON, N.J. July 17, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) today approved an investment into Newark Venture Partners, III, L.P. NVP III) of up to $6 million under the NJEDA’s Venture Fund Investment Program.
The cluster was federally designated as a battery innovation Tech Hub by the EconomicDevelopment Administration (EDA) in support of New York State’s commitment to pioneer critical energy storage technologies. The program will begin April 14, 2024. 25, 2024, 1–2 p.m. 8, 2024, 1–2 p.m.
First Complete Cycle of Investment Under Novel State Program Benefits Newark Provider of HR Gaming Platform TRENTON, N.J. October 12, 2023) – The New Jersey EconomicDevelopment Authority (NJEDA) Board today approved the first investment in an emerging New Jersey company from the New Jersey Innovation Evergreen Fund (NJIEF).
Bullpen Capital has invested over $3 million into The Many Company TRENTON, N.J. July 17, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) Board today approved an investment from the New Jersey Innovation Evergreen Fund (NJIEF) into an emerging women-led company, The Many Company.
Bullpen Capital has invested over $3 million into The Many Company TRENTON, N.J. July 17, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) Board today approved an investment from the New Jersey Innovation Evergreen Fund (NJIEF) into an emerging women-led company, The Many Company.
LEADING INNOVATION AND ECONOMIC RESILIENCE IN PA As we reflect on the remarkable journey of the past year, I am filled with pride and gratitude for the ongoing impact that our program has had in driving economicdevelopment and fostering innovation throughout Pennsylvania. EconomicDevelopment Administration.
NJ Entrepreneur Support Program provides guarantees to support investments into Garden State companies TRENTON, N.J. Qualified investors under the program must be independent from the company, and the proposed investment must not mature for at least one year, cannot require payment for at least a year, and must be unsecured.
Report aims to guide and further develop the state’s international business relationships TRENTON, N.J. The report, which will be released annually, aims to guide and further develop international business relationships with the state, while bolstering Governor Murphy’s global economicdevelopment goals.
May 21, 2024 ) – Incyte ,a Delaware-founded global biopharmaceutical company with a robust portfolio of treatments across oncology and inflammation and autoimmunity, has chosen downtown Wilmington, Delaware, for an expansion.
February 15, 2024) – To respond to challenges faced by New Jersey technology and biotechnology companies in raising capital, the New Jersey EconomicDevelopment Authority (NJEDA) is launching monthly Innovation Programs Office Hours to highlight programs offered by the Authority to stimulate the innovation economy.
Newark, NJ — Choose New Jersey, New Jersey’s leading nonprofit economicdevelopment organization, today announced that Enzene Biosciences, Ltd., Newark, NJ — Choose New Jersey, New Jersey’s leading nonprofit economicdevelopment organization, today announced that Enzene Biosciences, Ltd.,
June 3, 2024) – The New Jersey EconomicDevelopment 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. Mazzo, PhD. “It
$20M program matches investors’ direct investment in product-based companies TRENTON, N.J. April 24, 2024) – The New Jersey EconomicDevelopment 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.
i2E Receives 2024 Excellence in EconomicDevelopment Bronze Award from the International EconomicDevelopment Council IEDC’s annual Excellence Awards honor the economicdevelopment organizations, government entities, initiatives, and programs that have demonstrated consistent, exemplary performance in the profession i2E, Inc.
(September 21, 2023) – The New Jersey EconomicDevelopment 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.
May 1, 2024) – Yesterday, Governor Phil Murphy, Newark Mayor Ras Baraka, and the New Jersey EconomicDevelopment Authority (NJEDA) joined company leaders to cut the ribbon on HAX, LLC’s newly constructed United States flagship headquarters located at 707 Broad Street in Newark. headquarters.
A recently announced partnership with BASF – the world’s largest chemical producer – includes bringing one of its emollient products to market by 2024. The company also has received letters of intent from global customers to deliver products and is now raising investment funding to do so.
NJ FAST is the fourth Strategic Innovation Center in the state and will support research and development, innovation, and entrepreneurship in the Fintech and Insuretech Sectors HOBOKEN, N.J. The two entities will oversee NJ FAST’s accelerator program with an opportunity to make equity investments into select participating companies.
March 5, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) held the first in-person meeting of the Diversity Finance Advisory Board (DFAB) last week, bringing together a diverse group of investors, entrepreneurs, and mentors for presentations and networking sessions.
May 8, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) Board today designated Netflix Inc. These substantial investments will create thousands of good-paying jobs, support small businesses and vendors, and stimulate the regional economy.”
program aims to bring businesses & workers back to NJ’s commuter hubs after pandemic Second tranche of funding for real estate projects to be awarded in early 2024 TRENTON, N.J. Program , to support the revitalization of Atlantic City and Newark, which both experienced negative economic impacts due to the pandemic. $10M A.R.T.
In 2024, over 50 teams participated, an Entrepreneur’s Cup record. This competition is about investing in the future of business, the future of our state, and the future of the incredible students that participate each year.
February 26, 2024 ) – FFI Ionix Inc., We recently announced investments in downtown Dover, and this expansion will bring even more activity to our state’s capital. New FFI Ionix site in Dover will be first Central Delaware location benefiting from state Graduated Lab Space Grant funding WILMINGTON, Del.
May 24, 2024 ) – Fifteen tech-enabled startups with at least one team member from an underfunded demographic are sharing $170,000 in nondilutive, nonrestricted grant monies from Delaware’s fourth Startup302 competition, which was coordinated by Delaware Prosperity Partnership (DPP) and partners from throughout Delaware and beyond.
This is the time of year when we reach out to our angel community seeking nominations for both the Angel Capital Association’s FY 2025 Board of Directors and committee volunteers to help ACA continue to grow and support our work on angel investing.
This is the time of year when ACA reaches out to our angel community seeking nominations for both the Angel Capital Association’s FY 2025 Board of Directors and committee volunteers to help ACA continue to grow and support our work on angel investing.
December 14, 2023) – The New Jersey EconomicDevelopment Authority (NJEDA) Board today approved the creation of the Atlantic City Revitalization Grant Program. This revitalization program is a monumental investment into Atlantic City and our shore town communities,” said Senator Vince Polistina (R-Atlantic).
(April 15, 2024) – Last week, the New Jersey EconomicDevelopment Authority (NJEDA) Board approved the creation of the New Jersey Green Bank (NJGB), which will make investments in the clean energy sector that will help advance the state’s efforts to make an equitable transition to 100 percent clean energy.
It is very encouraging to see our local government supporting and investing in this new area of economicdevelopment. USV TEAM POSTS: Jared Hecht — Jan 4, 2024 Joining Union Square Ventures Nikhil Raman — Jan 3, 2024 NFTs Have Evolved, NFTs Endure This is important.
Integer Technologies, a trailblazing defense tech company specializing in digital engineering solutions, has unveiled its 2024 South Carolina Economic Impact Report, revealing a substantial $63 million boost to the state’s economy. We build long-term partnerships and invest in the people and communities where were located.
State College, PA On December 4, 2024, the Eric J. Barron Innovation Hub in downtown State College hosted the inaugural Central PA Sensor Technology Cluster event, gathering industry leaders, entrepreneurs, and economicdevelopment experts to showcase the regions growing sensor technology industry.
December 10, 2024 ) Pennsylvania-based direct mail and fulfillment services company Encompass Elements has chosen to consolidate and expand operations at a site in New Castle, Delaware, where it has operated for more than 20 years. For its consolidation and expansion, the company plans to invest $3.2
I saw firsthand the impact of this regional divide when I started traveling the country in 2014 with my Rise of Rest bus tour, an effort to invest in — and shine a spotlight on — great founders building promising companies outside the traditional tech hubs. for 2024 — adjusting for inflation, that’s a $5B increase over a 10-year period.
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