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The New Business Preservation Act and the Tradition of U.S. Federal Government Support for Entrepreneurship and Venture Capital

Ian Hathaway

Senators led by Amy Klobuchar introduced the New Business Preservation Act to incentivize venture capital formation around the country. It avoids two well-known traps for government-sponsored venture programs by requiring that public funds are matched with private dollars and that capital is deployed by professional investors.

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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. Having a physical location where entrepreneurs can collaborate will help support new, diverse innovators and help drive long-term economic growth.

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

American Entrepreneurship

From HAX to the Princeton AI Hub, to the Helix and Edge Works, New Jersey’s innovation story is evolving and our investment in the field will lead to long-term, sustainable economic growth.” HAX also furthers Governor Murphy’s economic initiatives by serving as the flagship Strategic Innovation Center (SIC) in New Jersey.

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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 Program Helps to Draw Investment Interest into Innovative NJ Startups

American Entrepreneurship

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 Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth.

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

American Entrepreneurship

The NJIEF is unique to New Jersey because of its self-sustaining model, designed to create a continuous loop of investment and mentorship,” said New Jersey Governor Phil Murphy. The NJIEF, launched in 2022, is a groundbreaking tool to increase access to strategic resources and venture capital in New Jersey.

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In the heart of the NC Triangle (Raleigh, Durham, Chapel Hill), where ideas take flight, a dynamic entrepreneurial ecosystem thrives.

Angel Capital Association

One of the driving forces behind the surge in syndication is its role in addressing the pervasive lack of venture capital for many promising but pre- or early-revenue companies. By embracing the power of syndication and fostering collaborative support, the North Carolina Triangle continues to fuel innovation and drive economic growth.