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Magnetar, a global multi-strategy alternative asset manager, with additional support from Pulse Fund and strategic partner Pritchard Auto Company, made a $36 million equity contribution to the five-year-old company. In addition, Endera secured a $13 million credit facility.
Ive been grateful to see that support firsthand throughout my careerwhether through the passage of the JOBS Act , the creation of Opportunity Zones , or, most recently, the Regional Technology and Innovation Hubs (Tech Hubs) initiative. were on the platform. Based in Washington, D.C., Take Detroit, for example.
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 economicgrowth across Oklahoma and beyond. i2E, Inc., Novazyme Pharmaceuticals Inc.
Our AI technology enables us to extract value from this waste, turning it into clean energy and enabling our clients to achieve their sustainability goals.” We’re proving that sustainability and strong economicgrowth can go hand in hand… This is an example that we are up to the task in creating opportunity in the process.”
Today, it operates 32 data centers and supports over 250,000 Nvidia GPUs, serving clients like Microsoft, Meta, and OpenAI. CoreWeave, alongside its partners, is contributing to a $72 million investment into the initiative, including a planned NJ AI Venture Fund that will support early-stage innovation and AI commercialization.
AI presents a tremendous economic opportunity for New Jersey, poised to create good-paying jobs, catalyze new discoveries, grow our start-up community, and foster long-term economicgrowth, said Governor Murphy. Winners will also receive mentorship and advisory support from the Administrators network of subject matter experts.
(January 3, 2025) The New Jersey Commission on Science, Innovation and Technology (CSIT) awarded over $500,000 in funding to seven New Jersey startups under the Food and Agriculture Research & Development Pilot Seed Grant Program. “Congratulations to the seven grant awardees, said CSIT Chair and BioNJ President and CEO Debbie Hart.
Tech hubs are an important part of a states business ecosystem as they foster innovation, collaboration, and entrepreneurship in the technology sector. Grants are financial awards given to organizations or individuals to support specific projects, research, or development efforts that do not have to be repaid.
This long-term commitment supports the buildout of cutting-edge data centers, natural gas power generation, and thousands of new jobs across the state—strengthening Pennsylvania’s role as a cornerstone of American digital transformation and industrial resurgence. history in Pennsylvania not only validates this momentum—it amplifies it.
Our 25th anniversary is not just a milestone – it’s a testament to the unwavering dedication of a community committed to innovation, entrepreneurship, and economicgrowth. To mark this important occasion, we recently held an event that brought together many of our partners, entrepreneurs, supporters, and friends.
As a business lawyer working with startups in technology and digital media every day, I’m fortunate to have a front-row seat as entrepreneurs create value out of thin air. Most of the technology industry is notoriously apolitical. Granted most startups will never become another Apple or Google. Intellectual Property.
According to the report , the Ministry of Economy recently introduced guidelines outlining support measures to strengthen startups in Japan. By simplifying the visa process and expanding opportunities for foreign talent, Japan seeks to support its startup sector, promote economicgrowth, and cultivate a vibrant entrepreneurial environment.
These businesses deserve our support and celebration; they make up the bulk of the existing entrepreneurial ecosystem in any community. Microenterprise and Main Street companies are especially important for our rural communities, and should be carefully considered in rural economic development. Digitally disconnected. billion per year.
In an era of technological advancement and economic transformation, Northcentral Pennsylvania finds itself at the forefront of a remarkable development. It’s a shining example of what can be achieved when communities come together on a common goal – to drive innovation and economicgrowth.
However, despite the marked increase in women’s engagement in entrepreneurial activity, there are still far more male than female entrepreneurs in most countries, and there is also a need for greater support and funding for women looking to start and scale their businesses. However, simply hiring for diversity is not enough.
(April 24, 2024) – The New Jersey Economic Development 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.
We hardly invent any new technologies and don’t invest enough in research and development,” Suhail says. “I Plus, making it free for all ensures that even the most economically disadvantaged people in our society can attend and learn. You could say that everything we do is in support of SDG 4,” says Suhail. An Unreasonable Idea.
Prime Minister Pham Minh Chinh focused on the role of startups and innovation in driving economicgrowth while speaking at the “ TECHFEST – WHISE 2023 ” imprint program in Ho Chi Minh City on November 25. PM Chinh emphasized the government’s full support for startups and innovation projects.
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.
The recently acquired capital infusion will be directed towards MADCash’s online platform, leveraging advanced AI technology for optimization, financing operational and marketing requirements, and facilitating the startup’s expansion endeavors across the Southeast Asian region, as detailed in the official press release.
$43 million invested to foster regional collaboration to support the economicgrowth of communities through innovation Universities, nonprofits, businesses and other organizations across the U.S. These first-time awards were given to 44 teams around the country tasked with driving American innovation into the future. .
This fund’s vision is to offer financial support, build investment connections, share knowledge, and facilitate networking opportunities between Southeast Asian and Korean businesses for the growth and innovation of both regions’ tech landscapes. In 2022 alone, East Ventures disbursed capital over 80 times yearly.
The clearest mechanism for this support was wartime expenditures on research and development by the U.S. This “ mission-driven state ” generated enormous demand for computing and communications technologies, which shaped entire industries around Boston and Silicon Valley. But that doesn’t change the fact the U.S.
A professor at Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), he's partnered with Microsoft, IBM and Google to deliver digital transformation and cognitive technology services. More so than other Latin American countries, Mexico has the experience and economy to support a robust tech talent export ecosystem.
In partnership with the PA WILDS Center for Entrepreneurship, and with funding support provided by the Appalachian Regional Commission (ARC), Ben Franklin Technology Partners’ recent innovation competition targeted the counties of Centre, Clarion, Clearfield, and Jefferson. RSVP: [link]. appeared first on BFTP/CNP.
Pictured left to right: Barry Snyder, Erin Kerner, Bob Dornich (TechCelerator Coach), Michael Irvin “We are thrilled to witness the success of these promising startups and their potential to drive economicgrowth in the Erie region,” remarked Brian Slawin, Portfolio Manager for Ben Franklin CNP.
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 economic development and fostering innovation throughout Pennsylvania.
Meng said technology companies are now beginning to imagine the unimaginable and this will pave the way for the world to become an inclusive and open society where multilateral trade could bring economic prosperity for all. He further shared his vision of seeing Cambodia and the Cambodians at the forefront of this change.
The Ben Franklin Technology Partners (Ben Franklin) Pennsylvania statewide network will present before the Pennsylvania Senate Appropriations Committee regarding the proposed 2019-2020 Pennsylvania budget at 3:00 PM on Wednesday, March 6, live-streamed here: [link]. million per year. in additional state taxes.
OK2StandUP, a cutting-edge healthcare technology startup dedicated to preventing falls among seniors, is thrilled to announce a strategic investment of $150,000 from Ben Franklin Technology Partners of Central and Northern Pennsylvania (CNP). billion annually.
Tom Wolf today announced that his proposed 2020-21 General Fund budget will include a $5 million increase for the Ben Franklin Technology Development Authority (BFTDA), which funds the statewide Ben Franklin Technology Partners initiative, one of the most widely known and emulated state technology-based economic development programs in the nation.
This will be used to strengthen venture capital ecosystems and invest in early-stage companies in order to address development challenges through technological innovations in climate, health care, education, agriculture, e-commerce, and other sectors. In the Middle East and North Africa, technology is expected to boost GDP by 40% or $1.6
Register Pangyo Techno Valley in Seongnam City is a global R&D hub of IT, BT (biotechnology), CT (cultural technology) and NT (nanotechnology), where R (research), P (people), I (information) and T (trade) all come together. These successes stem from region-specific corporate support programs. square meters on average.
How much small business digital transformation could boost economicgrowth. The study shows that the economies of the US, Canada, Mexico, Brazil, Chile, the UK, Germany, and France could increase by 5.5%, as well as observe a 42% faster growth rate if small business digitalization increased. Widening the digital divide.
MSMEs are the engine of economies in Africa, and powering existing small businesses and encouraging the formation of new MSMEs helps create the type of economicgrowth and social benefit that carries over to households by creating more opportunity and more jobs,” the company’s CEO and co-founder Manoj Sinha, told TechCrunch.
In 2023, the industry attracted substantial investments, with strong financial inclusion and blockchain technology gaining acceptance in some countries. Finfra aims to deliver the essential technological infrastructure that empowers online businesses to offer embedded finance products. VentureTECH SBI and VentureTECH Invest $2.4
By offering personalized educational opportunities for students of varying backgrounds, we’re able to drive home the importance of quality education, as well as character development, physical fitness and technology.”. Our model relies on excellent teaching and family support to ensure students’ success in the classroom and beyond.
The fintech company, which was the first to digitize BPR in accelerating the financial inclusion in Indonesia’s tier 2 and tier 3 cities, said that the funding round was led by East Ventures (Growth fund). It was also participated by AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, and Gobi Partners.
“At Barings, we believe there is strong relative value for the highest quality office assets that attract high-caliber life science and technology tenants, who continue to drive advancements in healthcare and global economicgrowth.
Many thanks to the judges, regional partners, and Senator Dan Laughlin for taking the time to attend and support this entrepreneurial event. Two Sparrows LS/Shape City, located in Erie , is creating an interactive gaming platform for the education technology market.
Supporting seniors’ entrepreneurship and providing practical solutions for people with these types of barriers is absolutely key not to leave anyone behind. From legal to accounting to training to sales and marketing – the platform provides all types of support necessary for senior entrepreneurs to succeed. .
During the meet up, which included representation from the majority of divisions within the SEC, Gouhin was able to talk about the power of angel investors and the role they play in economicgrowth, job creation, entrepreneurship and the connection between angel investment and venture capital dollars.
With the pandemic, climate crisis, global economic shifts and rapidly changing consumer markets, it is clear that many businesses of today will no longer be relevant tomorrow. A startup board is brave and supportive. Suse Reynolds, Angel Association New Zealand. It is our startup sector which will drive this innovative progress.
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 Strategic Innovation Center (SIC) will serve as a hub for financial technology (fintech) and insurance technology (insuretech) startups.
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