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Governor Murphy Announces Proposed Fintech Accelerator in Hoboken

American Entrepreneurship

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 firm plans to commit at least 10 percent of the total capital commitment up to a maximum of $2.5

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Governor Murphy Cuts the Ribbon at HAX Flagship U.S. HQ in Newark

American Entrepreneurship

NJ’s Strategic Innovation Center will support 100 new companies over next five years, generating at least 2,500 new jobs NEWARK, N.J. HAX, a startup development program for pre-seed hard tech companies, with offices across the world, supports startups and entrepreneurs through investment capital, mentorship, and collaboration.

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NJEDA Program Helps to Draw Investment Interest into Innovative NJ Startups

American Entrepreneurship

NJ Entrepreneur Support Program provides guarantees to support investments into Garden State companies TRENTON, N.J. The $5 million program encourages investors to provide additional funding to businesses by providing an NJEDA guarantee on loans advanced for working capital purposes.

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NJEDA Establishes Diversity Finance Advisory Board

American Entrepreneurship

The board will provide knowledge, guidance, and insights on ways to best increase capital, access, and investments in New Jersey’s diverse entrepreneurs. The State recognizes national studies that correlate with the NVCA study that finds only one percent of venture capital-backed founders are Black and less than two percent are Hispanic.

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

American Entrepreneurship

The NJIEF, launched in 2022, is a groundbreaking tool to increase access to strategic resources and venture capital in New Jersey. Under the NJIEF, the State acts as an equity investor in startups, deploying up to $600 million into companies alongside professional venture capital groups.

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NJEDA Hosts Diversity Finance Advisory Board Meeting, Convening Diverse Group of Entrepreneurs and Investors

American Entrepreneurship

March 5, 2024) – The New Jersey Economic Development 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.

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