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Across the world, various economicdevelopment organizations, government agencies, and non-profits are putting in admirable and well-intentioned efforts to developstartup ecosystems. Take the example of goTenna , a thriving communications hardware startup located in Downtown Brooklyn that employees almost 50 people.
“Communities seeking to grow their economy need to understand the impact entrepreneurship and small business play in economic growth.” — Grow Your Own: Entrepreneurship-based EconomicDevelopment for Local Communities, Dell Gines, Federal Reserve Bank of Kansas City. They understand it from a general sense.
Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. Before launching the fund, Google proved helpful in startups’ journeys via its Google for Startups Accelerator Africa program. Google sets up $50M fund to invest in African startups.
This is a call for input for a brief survey on local policies or programs to support startup community development. economicdevelopment agencies, foundations, chambers of commerce, non-profits). I am particularly interested in policies or programs that: Enhance bottom-up, community-driven solutions (e.g., Thank you!
Nine tech-companies in central and northern PA, that were adversely affected by COVID-19, received an investment from Ben Franklin Technology Partners/CNP that will allow them to stabilize their operations and further develop and commercialize new products, processes, or software applications. We Invest in Innovation.
STATE COLLEGE, PA – Every year, dozens of PA startups get their start with Ben Franklin Technology Partners. WE INVEST IN INNOVATION. . The post STARTUPS RECEIVE INVESTMENT FROM BEN FRANKLIN TECHNOLOGY PARTNERS appeared first on BFTP/CNP. Visit www.cnp.benfranklin.org for program details. www.cnp.benfranklin.org.
The companys collaboration with the New Jersey EconomicDevelopment Agency is a boost to the states program to attract AI companies for its innovation economy. Together, were advancing the future of technology while driving meaningful economic growth and strengthening New Jerseys role as a leader in the global AI landscape.
What was harder to figure out how to do--and something no one ever really thinks about on the economicdevelopment side, is community. You can ask a bunch of startup companies to move to a place, but it''s harder to bring together inspiring people who will build the companies of tomorrow in that place.
While VC dollars still overwhelmingly funnel into places like Silicon Valley, Brookings research shows tech jobs are finally spreading out — movement spurred by the availability of hybrid and remote work, private investment, and federal initiatives. Collaboration is the hardest, but arguably the most important.
a nonprofit dedicated to fostering the growth of startups and entrepreneurs in Oklahoma, is proud to announce surpassing the $100 million mark in total investments. This achievement highlights their continued commitment to driving innovation and economic growth across Oklahoma and beyond. i2E, Inc., About i2E, Inc.
During my tenure with the local University I worked with economicdevelopers all across Iowa, from Sioux City to Davenport and a great many small but mighty communities in-between: Grinnell, Parkersburg, Webster City and Lamoni to name a few. Starting and growing a business can prove to be a daunting endeavor within any market.
A groundbreaking advancement in electric vehicle (EV) charging technology is set to transform the industry as Greenville-based startup, Advanced Power & Energy, secures a significant investment of $500,000 from the Mercer County Innovation Fund, in collaboration with Ben Franklin Technology Partners of Central & Northern Pennsylvania.
At Rise of the Rest, we’ve spent years traversing the country, spotlighting emerging startup hubs, and building a network of entrepreneurial champions and ecosystem builders beyond Silicon Valley, New York City, and Boston. In the last decade, we’ve socialized several Rise of the Rest-isms to describe investments that check those boxes.
STATE COLLEGE, PA – Seventeen companies located in central and northern PA recently received an investment from Ben Franklin Technology Partners that will allow them to further develop and commercialize new products, processes, or software applications. We Invest in Innovation. www.arbitratorintelligence.com. www.xactmetal.com.
STATE COLLEGE, PA – Every year dozens of PA startups get their start with Ben Franklin Technology Partners. WE INVEST IN INNOVATION. The post COMPANIES RECEIVE INVESTMENT FROM BEN FRANKLIN TECHNOLOGY PARTNERS appeared first on BFTP/CNP. www.returnlogic.com. www.cnp.benfranklin.org. www.cnp.benfranklin.org.
” I hear it when I visit LPs (the people who invest in VCs) all across the country, “Yeah, I haven’t been out there for a few years but I keep hearing that something is going on there.” billion in venture capital to LA’s technology startups and 2014 will shatter that figure.
Even as VC funding dries up across the world, development finance institutions (DFIs) are looking to African startups to deploy their dry powder. In addition to backing VC funds in the region, the organization aims to make more direct equity investments in startups, adding to the four African companies it invested in last year.
Ben Franklin’s investments paid huge dividends for the commonwealth as the state continued to rebound from the pandemic, according to the statewide initiative’s “2021 Annual Statewide Impact Report,” with clients generating more than $2 billion in revenue and securing $917 million in post-Ben Franklin financing. in additional state taxes.
A new batch of enterprising New Zealanders are being given the opportunity to fast track their ventures from idea through to startup, thanks to an online education initiative backed by Callaghan Innovation and entrepreneur education platform Startup NZ.
In a true innovation economy, high-speed internet access that is always on and faster than traditional dial-up access (commonly referred to as broadband) is critical — to corporations, to startups and to K-12 schools, educators and especially students. Yet we are the sixth-highest state for taxing communications equipment.
Stitt is expressing the 2019 version of the legislative vision that created OCAST in 1987, authorized the seed capital fund (TBFP Fund) in 1988 and has continued to invest in the Oklahoma Model of innovation. OCAST is Oklahoma’s only agency with the sole focus of technology-based economicdevelopment.
Ben Franklin Technology Partners of Central and Northern PA (Ben Franklin CNP) continues its mission of catalyzing innovation and fostering growth in the technology sector with its recent investments in eight dynamic companies.
This undisclosed investment is Google’s third from the $50 million Africa Investment Fund targeted at the continent’s early- and growth-stage startups, which the company CEO Sundar Pichai announced last October. The fund is part of Google’s plan to invest $1 billion in “tech-led initiatives” over the next five years.
Register Bain & Company, a prominent global management consulting firm, has revealed its plans to acquire the Asia-Pacific division of Rainmaking, a renowned venture-building and startupdevelopment studio. program, a SGD 20 million initiative introduced by the Singapore EconomicDevelopment Board.
SOSV this morning announced work on a $50 million HAX facility in Newark, New Jersey focused on growing industrial, healthcare and climate startups. The five-year development plan utilizes $25 million from the New Jersey EconomicDevelopment Authority. companies working toward their seed round.
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.
Car companies and suppliers such as LG Energy, SK Innovation, Panasonic and Samsung are investing more than $38 billion through 2026 to boost battery production in the U.S., according to AlixPartners.
Farmers, witnessing post-harvest loss, also get paid less and miss the opportunity to invest in their crops production. Nigerian agritech startup Releaf is solving this by building proprietary hardware and software solutions to make these farmers and food factories more efficient and profitable. Then the $1.5
PureLine Putting (Michael Irvin), creators of a revolutionary putting aid for golfers, clinched the runner-up position, walking away with $5,000 to further develop their product. Since February 2008, ECGRA has invested more than $55 million in Erie County turning gaming revenue into transformative investments in Erie County, PA.
I am at once proud of and awed by Jonathan, whose dual-track passion for the future of food and the future of Appalachia has brought him to tears more than once since we first invested in early 2018. It is a pioneer in what the American startups of the future can?—?and and should?—?look look like.
In partnership with the Startup Alleghenies initiative, Ben Franklin Technology Partners is pleased to congratulate the winners: First place ($25,000) was awarded to Timothy & April Kretchman, with Action Driven Education in Somerset County. The post WINNERS OF BEN FRANKLIN’S BIG IDEA CONTEST ANNOUNCED! appeared first on BFTP/CNP.
Ben Franklin Technology Partners of Central and Northern PA (Ben Franklin CNP) continues its mission of catalyzing innovation and fostering growth in the technology sector with its recent investments in eight dynamic companies.
Nine tech-companies in central and northern PA, that are developing solutions related to the impact of COVID-19 on the state and its economy, received an investment from Ben Franklin Technology Partners/CNP. We Invest in Innovation. www.xactmetal.com. www.cnp.benfranklin.org. www.cnp.benfranklin.org.
Singapore is quickly turning into a hub for food-tech startups , partly because of government initiatives supporting the development of meat alternatives. This is the first time the startup has taken external investment, and the funding exceeded its original target of $7 million.
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.
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.
STATE COLLEGE, PA – At the September 2019 Board of Director’s meeting the largest early-stage investor in the region, Ben Franklin Technology Partners added five additional startups to its portfolio of funded clients. Below are brief descriptions of the innovations developed by the companies. We Invest in Innovation.
At the September 2021 Board of Director’s meeting, five additional companies were approved to receive an investment from Ben Franklin Technology Partners of Central & Northern PA. Tech-startups and small manufacturers have been getting their “start” with Ben Franklin Technology Partners for nearly 40 years. We Invest in Innovation.
ERIE, PA – Ben Franklin Technology Partners is pleased to announce a partnership with the Erie Community Foundation creating the Hartman Innovation Fund for startup technology and existing small manufacturers in Erie County, PA. About Ben Franklin Technology Partners.
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.
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.
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. Register at: Scale Your Startup at ChargeUp (Jan. The program will begin April 14, 2024. 25, 2024, 1–2 p.m.
“The Middle East consists of developing nations and, sadly, we are consumers of innovation and create very little of it ourselves. We hardly invent any new technologies and don’t invest enough in research and development,” Suhail says. “I I want to encourage more innovative thinking.”. Suhail is also a member of EO Bahrain.
OurCrowd First Israeli Company to Partner With the Singapore EconomicDevelopment Board in the Global Innovation Alliance (GIA) Programme. Collaboration will further strengthen ties between startups and corporates in Israel and Singapore. June 27, 2022 09:00 PM Eastern Daylight Time.
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