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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. This collaboration represents the best of what private-public partnerships can achieve, said Brian Venturo, CoreWeaves chief strategy officer.

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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.

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Digital Transformation Is Crucial for Longevity According to Cisco Study

Smart Hustle Magazine

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 the combined GDP of these eight countries by 2024. trillion to the region’s economy by 2024. trillion to $14.6

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NJEDA Partners with AfroTech to Host Major Innovation Event During North to Shore Festival

American Entrepreneurship

June 19, 2024) – The New Jersey Economic Development Authority (NJEDA) and AfroTech have partnered to host AfroTech Executive 2024 in Newark during this year’s North to Shore Festival. AfroTech Executive 2024 will take place on Friday, June 28, 2024, at 3:00 p.m. TRENTON, N.J.

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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. $20M program matches investors’ direct investment in product-based companies TRENTON, N.J.

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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. on Sunday, June 30 th.

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NJEDA to Hold Monthly Office Hours Highlighting Innovation Programs

American Entrepreneurship

February 15, 2024) – To respond to challenges faced by New Jersey technology and biotechnology companies in raising capital, the New Jersey Economic Development Authority (NJEDA) is launching monthly Innovation Programs Office Hours to highlight programs offered by the Authority to stimulate the innovation economy.