This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In a significant boost to the venture capital landscape of Central Pennsylvania, the region is set to benefit from the establishment of the Keystone Innovation Fund II, thanks to a generous grant of $412,598 from the US EconomicDevelopment Administration’s ‘Build to Scale Capital Challenge.’
Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. Both are massively funding other LA tech companies through what Fred Wilson once defined as “recycled capital.”
On Thursday, April 21, SourceLink hosted Building Rural Communities Through Entrepreneurship , a webinar on strategies for growing rural communities through entrepreneurship-led economicdevelopment. Nicole LaChapelle – Mayor, Easthampton, MA. Don Macke – Senior Vice President, e2 Entrepreneurial Ecosystems.
They work directly with locals in the community, and they use part of their profits to finance social projects focused on helping kids receive an education. Purpose Driven Tours is a tour company based out of León, Nicaragua, that benefits rural villages and local businesses through traditional tours and volunteer service-learning trips.
EconomicDevelopment Administration that represents a forward-looking commitment to supercharging innovation across the nation, spurring cutting-edge technological investments, and creating 21st-century job opportunities. This achievement is part of a nationwide initiative by the U.S.
Board will work to increase capital to minority-owned startups, create diverse innovation economy WOODBRIDGE, N.J. The board will provide knowledge, guidance, and insights on ways to best increase capital, access, and investments in New Jersey’s diverse entrepreneurs.
Since first investing in Oklahoma startups in 1999, i2E, and now its independent Venture Capital Fund management partner, Plains Ventures, have managed numerous early-stage debt and equity investment funds, making 452 investments in more than 250 companies. Selexys Pharmaceuticals was acquired by Novartis for $665 million in October 2016.
Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. Other investors, including DragonBall Capital and 3W Capital, also took part in the new financing round.
Working capital loans with competitive interest rates and no collateral requirement will support New Jersey small businesses TRENTON, N.J. November 28, 2023) – The New Jersey EconomicDevelopment Authority (NJEDA) today announced the opening of the NJ Capital Access Fund.
Jamil Wyne is an advisor, investor and author focusing on entrepreneurship, technology and economicdevelopment in emerging markets. However, depending on whom you talk to, the climate finance gap currently sits at $2.5 More posts by this contributor. A close look at Singapore’s thriving startup ecosystem. Abrar Chaudhury.
Pan-African focused venture capital firms Samurai Incubate Africa, Future Africa and Consonance Investment Managers led the round. Individual investors like Stephen Pagliuca, the chairman of Bain Capital and Justin Kan of Twitch also participated. million in grants will focus on providing working capitalfinancing to these farmers.
Collectively , they have raised over $100 million in venture capital. This vital industry is the lifeblood of Africa’s cities and powers economicdevelopment. The accelerator program has supported more than 80 startups in seed to Series A stages with equity-free mentorship and resources.
Even as VC funding dries up across the world, developmentfinance institutions (DFIs) are looking to African startups to deploy their dry powder. It seems they’re attracted to tech that enables wider socio-economicdevelopment because it offers a scalable and efficient way to make an economic impact.
Tara Sabre Collier is an early-stage impact investor with more than 15 years of experience at the intersection of economicdevelopment, social entrepreneurship and impact investment. and across the Americas, Afro-Brazilians have long struggled for socio-economic equity. Tara Sabre Collier. Contributor.
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.
With a career in finance, government and mobility, Steve brings a unique perspective on how to successfully grow companies. He then served as the deputy mayor under Rahm Emmanual, where his responsibilities included economicdevelopment and urban planning.
Colombia’s finance sector has historically been one of the most regulated in the world. That trend is being reinforced by advances in licensing and Open Finance, the promise of ubiquitous instant payments, and regulatory support for innovative fintech solutions. Lee este artículo en E spañol. See a16z.com/global-payments for more.
(November 21, 2023) – Last week, the New Jersey EconomicDevelopment Authority (NJEDA) Board approved a new $20 million pilot program to support rising real estate developers. The Emerging Developer Fund will help developers gain access to capital and build additional capacity to expand their existing portfolio.
Mobility 54 Investment SAS, a corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO group, DOB Equity and InfraCo Africa have invested $3.4 million (€3 million) in electric motorcycle startup Zembo to help it grow its business. Its motorcycles cover 37 miles (60km) on a single charge.
Ghanaian e-logistics startup Jetstream Africa is on the list, and today, it’s announcing that it has secured $13 million in equity and debt pre-Series A financing. . We simplified our business into just the import-export product line by directly them with a combination of trade financing and logistics.”.
Fisher’s Popcorn officials presented to Delaware’s Council on DevelopmentFinance an application for a Jobs Performance Grant of $60,000 and a Capital Expenditure Grant of $145,500 from the Delaware Strategic Fund to support the company’s investment in construction, fit-out costs and new equipment.
The New Jersey EconomicDevelopment Authority (NJEDA) is extending the deadline of its Request for Expressions of Interest (RFEI) for the planned New Jersey Green Fund (NJGF) indefinitely, until a formal application is launched.
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. This fuels the growth for the product-based technology company by increasing the pool of available capital.
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. billion in awards.
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
The Angel Capital Association is moving into a confident, secure future, because of the successes we’ve had and the way we’ve navigated the last two years. ACA’s angel groups made more investments in more companies despite the pandemic –continuing to risk personal capital to jumpstart businesses and ignite economies.
The influence of logistical operations on products leads to various problems for operators, from inconsistent pricing, which stems from a fragmented supply and demand market, to paper documentation and little or no access to financing. a16z, Avenir and Google back South African mobile games publisher Carry1st in $20M round.
“We reach a long tail of customers that are hard to service, are working with less working capital and offer them a single place to buy everything they need and have good delivery lead time to keep inventory fulfilled,” Adler added. All they have to do is go on the website, place a one-click order and get it the next day on their doorstep.”.
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). The NJIEF, launched in 2022, is a groundbreaking tool to increase access to strategic resources and venture capital in New Jersey.
Joe Hackett, Regional Director/Portfolio Manager for this award-winning economicdevelopment program, commented, “When I first met Nancy, I was immediately impressed with her grasp of the target market’s needs. One of the early investors, Ben Franklin Technology Partners of Central & Northern PA, has invested a total of $229,000.
He was talking about the Technology Business Finance Program (TBFP), Oklahoma’s nationally recognized pre-seed capital fund that i2E administers for the Oklahoma Center for Science and Technology. Awardees have gone on to raise more than $519 million in additional private capital to support their business.
The $5 million program encourages investors to provide additional funding to businesses by providing an NJEDA guarantee on loans advanced for working capital purposes. About the NJEDA The New Jersey EconomicDevelopment Authority (NJEDA) serves as the State’s principal agency for driving economic growth.
(May 22, 2023) – The New Jersey EconomicDevelopment 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.
Nearly every major Silicon Valley venture-capital firm has now invested in a B Corp ; maybe you will be one of them! Their foci include addressing environmental sustainability, racial and gender equity, economicdevelopment concerns, etc. Non-Dilutive Financing: Everything You Need to Know. From 100% loss capital (e.g.
By: Pat Gouhin, Chief Executive Officer Looking back over the past few years of uncertainty and effort, The Angel Capital Association has made it through stronger than ever because of the work of our dedicated members, volunteers and professional staff. Without this support, many early-stage companies wouldn’t get off the ground.
in income replacement grants and mentorship to first-time entrepreneurs, creating 10 new businesses and helping fuel innovation in strategic sectors The New Jersey EconomicDevelopment Authority (NJEDA) today announced the inaugural cohort of the New Jersey Innovation Fellows (NJIF) program.
We recently announced investments in downtown Dover, and this expansion will bring even more activity to our state’s capital. “FFI Ionix’s decision to stay and grow in our state is great news for Delaware and our leadership in the hydrogen economy,” said Governor John Carney. “We
Salyer served as a member of the Council Finance Committee, Council EconomicDevelopment Committee, and as chairman of the Council Social Services Committee. How did you get into the accounting and finance staffing industry? Meg retired from the Council April 8, 2019. Get started!
While the company’s two lead candidates are entering human trials, Uvax plans to raise additional capital in order to advance other promising new vaccine candidates toward Phase 1 readiness.
DPP also supported the company’s request to the Council on DevelopmentFinance for a Jobs Performance Grant of up to $9,177,075 and a Graduated Lab Space Grant of up to $5,670,000 from the Delaware Strategic Fund.
Program offers loans to finance clean energy projects or the creation or expansion of clean energy businesses TRENTON, N.J. April 12, 2023) – The New Jersey EconomicDevelopment Authority (NJEDA) will host a virtual public information session on the New Jersey Clean Energy Loans (NJ CELs) Program on Monday, April 17 at 1:00 p.m.
million in a Series A venture capital round in 2023, CMS has investigated where best to continue its growth. Delaware Prosperity Partnership supported CMS’s request to the Council on DevelopmentFinance for a Graduated Lab Space Grant of up to $760,480 and a Jobs Performance Grant of up to $115,000 from the Delaware Strategic Fund.
As she puts it, “We are seeing multifaceted growth across states and industries, including construction, finance, and insurance transportation and real estate. small business ecosystem, Latinos continue to struggle because they have trouble securing capital from the national banks.
Nearly all observers agree that banks need more clarity and guidance on CRA-related investments, but many advocates for distressed and under-capitalized communities are worried about the current draft. CRA has been, and will continue to be an important tool in our community development toolbox.
We organize all of the trending information in your field so you don't have to. Join 24,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
22 
Let's personalize your content