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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.’
What was harder to figure out how to do--and something no one ever really thinks about on the economicdevelopment side, is community. There was no strategic goal to build venture backed startup companies, but yet at least three companies in her community got VC investment last year. Venture Capital & Technology'
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.
The round, led by Roo Capital , included participation from 1st and Main Growth Partners, SaaS Ventures, and Riptide Venturesbringing the companys total funding to $16 million. Scamnetic is the rare company with both the vision and the technology to get ahead of the curveand stay there.
This achievement highlights their continued commitment to driving innovation and economic growth across Oklahoma and beyond. This milestone represents years of dedication to growing Oklahoma’s entrepreneurial ecosystem,” Plains Ventures President Justin Wilson said. “It Novazyme Pharmaceuticals Inc. million in 2001.
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.
This is the task I set out to answer with the master of analysis at Upfront Ventures Glenn Poppe who deserves the bulk of the credit for our work. Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. LA By The Numbers.
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.
In a significant move to cement Washington, DCs reputation as a national hub for technology and innovation, STATION DC has officially opened applications for General Membership and its exclusive Delta Force cohort. STATION DC is dedicated to supporting local entrepreneurs while attracting ambitious companies to Washington, DC.
In fact, the failure of the local chamber of commerce and economicdevelopment organizations is largely the reason why it’s so expensive for local plays to acquire customers. Tags: First Round Capital Venture Capital & Technology nextNY.
Pan-African focused venture capital firms Samurai Incubate Africa, Future Africa and Consonance Investment Managers led the round. The Americans of Nigerian descent toured across 20 states and studied different value chains for crops spotting inefficiencies that could be solved by technology. million in seed towards this effort.
Smart Technology : The adoption of smart logistics solutions like RFID and IoT sensors allows for real-time tracking. Favorable Regulatory Landscape Tax Benefits : Georgia offers tax incentives for companies that contribute to employment and economicdevelopment. Louis is close to the end-users of agricultural technology.
Having the opportunity to learn from the founders you back is by far one of the most rewarding parts of being a venture capital investor. Early stage venture capital is often the fulcrum security that can unlock a startup’s potential, help fuel regional job creation, and ultimately drive large-scale economicdevelopment.
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.
Atarraya , creator of Shrimpbox, a sustainable “plug-and-play” shrimp farming technology, is swimming to the surface after being in stealth mode since 2019. That grew into aquaculture farming technology with Russek and his team creating a startup company around it called Maricultura Vigas. million in Series A dollars, and a new U.S.
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.
Ventures with underrepresented founders will compete for share of more than $100,000 in cash grants, plus mentoring and connections WILMINGTON, Del. This years categories of FinTech , Life Sciences , and Environmental Impact reflect Delawares evolving innovation and industry landscape.
Ben Franklin clients continued to drive Pennsylvania’s economy with innovation and entrepreneurial efforts, developing 158 software copyrights and patents and launching 380 new products and processes. The most recent independent economic analysis shows that every dollar invested by the state into Ben Franklin generates $3.90
First in-person finals conclude Delaware’s annual funding contest for technology and tech-enabled startups led by members of underfunded groups WILMINGTON, Del. Steering committee members include representatives from Big Idea Ventures, First Founders Inc.,
The May 15th finale was hosted virtually by Ben Franklin Technology Partners of Central and Northern Pennsylvania (Ben Franklin CNP), an initiative of the Pennsylvania Department of Community and EconomicDevelopment (DCED). The contest was produced by Cathy Von Birgelen, Director of the Ben Franklin Learning Center.
Empower Girls To Reach Their Full Potential Entrepreneurship is a vital driver of innovation, job creation, and economic growth. As an example, only 3 percent of venture capital funding went to all-female-founded startups in 2022.
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.
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 startup development studio. Both Bain and Rainmaking APAC were selected to participate in the Corporate Venture Launchpad 2.0
Jamil Wyne is an advisor, investor and author focusing on entrepreneurship, technology and economicdevelopment in emerging markets. He has worked with the World Bank, IFC, UN, Clean Energy Venture Group, Schmidt Futures, Ashoka, and other organizations. Backing and de-risking proven climate technologies.
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.
Questions like: How much venture funding goes to Black women and Latina founders? She led teams that examined biases in decision-making, studied economic inequality and the manifold ways in which sociology interacts with venture capital. For the past five years, Lauren Maillian was tasked with asking hard questions.
The Ben Franklin TechCelerator in Erie is presented by the Erie County Gaming and Revenue Authority (ECGRA), led by Perry Wood and in partnership with the Gannon Small Business Development Center (SBDC) led by Maggie Horne. cnp.benfranklin.org/techcelerator.
The Black and Latinx Seed Fund will be administered by the New EconomicDevelopment Authority (NJEDA). NJEDA CEO Tim Sullivan said based on research conducted by the state, that New Jersey is the first state in the nation to develop this type of fund. billion venture dollars invested between 2018 and 2019.
Cohesion , a leader in smart building and digital twin SaaS technology, announced raising $15M in a Series A round co-led by HPA and Morgan Stanley Next Level Fund. Investing in technology that ensures commercial real estate is a positive contributor to our world is central to our company ethos.”
With the Oklahoma Center for Advancement and Technology (OCAST) as its hub, OIM is a strategic initiative and public public-private partnership with i2E, the Oklahoma Manufacturing Alliance (OMA), the New Product Development Center (NPDC) at OSU, and the OK Catalyst programs at the Tom Love Innovation Hub at OU. “the
Patch says its “Work Near Home” idea is geared to the post-COVID “hybrid working” movement and it plans to create public venues, “with a focus of entrepreneurship, technology, and cultural programming.”. It’s now raised a $1.1 million seed funding round from a number of leading U.K. Grays Yard.
Silicon Valley is a very special place – the nucleus of high-growth, high technology entrepreneurship in the US, indeed, in the world. The Valley produces world-class entrepreneurs, angel investors, venture capitalists and successful high-tech companies – all growing and creating jobs on one relatively small peninsula.
Deci , a startup company with 50 employees who are developing a platform to build and optimize AI-powered systems, today announced that it closed a $25 million Series B financing round led by Insight Partners with participation from Square Peg, Emerge, Jibe Ventures, Fort Ross Ventures, and ICON that brings the company’s total raised to $55.1
In King Commons, we met a group of guys running a bike repair shop out of a home garage, a woman launching a small restaurant inside of a bodega that was still under development, and community leaders who developed their ability to see potential business opportunities into a community-economicdevelopment consulting firm.
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. The NJIEF, launched in 2022, is a unique tool to increase access to strategic resources and venture capital in New Jersey.
billion following a $200 million Series E round led by SoftBank’s Softbank Vision Fund 2 , the $30 billion venture fund of SoftBank Group. In addition, the company is investing in growth, continued expansion of technology and product development and M&A. In the process, we are moving into AI as a part of that.”.
Register Proxtera has closed its seed round of funding, securing fresh funds to further develop its digital cross-border trade and financial services. The round was led by Ant Group, CerraCap Ventures, and EDBI.
There is a growing demand for zero-carbon technologies that can facilitate global decarbonisation at scale. As part of our global environmental strategy, Impact Hub is dedicated to supporting green ventures in scaling their solutions rapidly. Our aim is to provide the necessary support for green ventures in our pipeline to succeed.
Eat Just Asia also received support from the Singaporean government’s EconomicDevelopment Board. In addition to Just Egg, Eat Just and Proterra said they are also in talks to expand their partnership to include the development of plant-based meat alternatives. Its investors include Khosla Ventures and Li Ka-Shing.
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. million in bonus grant funding.
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.
The Strategic Innovation Center (SIC) will serve as a hub for financial technology (fintech) and insurance technology (insuretech) startups. Stevens Institute of Technology will serve as the founding academic partner and Prudential Financial will serve as the founding corporate partner for NJ FAST. “NJ
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.
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