Newark

Merck Announces the Launch of the Merck Digital Sciences Studio to Help Healthcare Startups Quickly Bring their Innovations to Market

Merck | Press Release

Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced the launch of the Merck Digital Sciences Studio (MDSS) to enable the generation of innovative technologies for drug discovery and development. MDSS will support early-stage biomedical startups with direct investment, access to powerful Azure Cloud computing and opportunities to pilot their technologies in collaboration with discovery …

Audible Signs $1 Million Deal with 1Huddle

New Jersey Business Magazine | Press Release

1Huddle, a workforce tech company based in Newark that onboards, upskills and develops employees through the use of science-backed, quick-burst mobile games, has closed a $1M deal with Audible, the leading creator and provider of premium audio storytelling. The partnership will make 1Huddle’s offerings available to Audible employees through onboarding and continued corporate learning and development. This new contract will …

Newark port project named finalist, in contention for up to $100M in federal funding

Tom Bergeron | ROI-NJ

The proposed Greater Newark Smart Port Regional Growth Cluster is both a supply chain accelerator and job multiplier that will spur short- and long-term economic development throughout the region. It is also now one of 60 finalists in the $1 Billion Build Back Better Regional Challenge — meaning it is in contention to be awarded up to $100 million to be …

Big week for tech and N.J.: Announcements of HAX, Fiserv show growing momentum

Tom Bergeron | ROI-NJ

The question of whether New Jersey can attract some of the most innovative tech companies to the state was answered in one big week. HAX, the globally known accelerator of SOSV, announced it is going to establish its U.S. headquarters in Newark. And Fiserv, a Fortune 500 company based in Wisconsin, is seeking an EDA award in an effort to bring 3,000 …

Pitch perfect: How Murphy’s personal appeal, cadre of incentive packages and push from higher ed helped N.J. land HAX

Tom Bergeron (Newark) | ROI-NJ

When SOSV issued a Request for Proposals last spring, seeking a location to establish a U.S. headquarters for its highly regarded hard-tech accelerator, HAX, Gov. Phil Murphy jumped in right away. He knew the competition would be fierce. And he knew the process would play out quickly. Murphy met with SOSV founder and Managing Partner Sean O’Sullivan in July in Newark — not …

Governor Murphy Announces Agreement to Establish U.S. Headquarters in Newark for the HAX Startup Development Program Focused on Industrial Tech and Decarbonization

Governor's Office | Press Release

NEWARK – Governor Phil Murphy today announced that the New Jersey Economic Development Authority (NJEDA) and Princeton-based venture capital firm SOSV intend to form a new entity (HAX LLC) to bring SOSV’s acclaimed HAX hard tech startup development program to Newark.  SOSV will also establish the U.S. headquarters of the HAX program at the Newark site.  HAX provides complete support for emerging companies, including a $250,000 initial investment in …

Global giant accelerator coming to Newark — bringing commitment to develop 100 hard-tech companies

Tom Bergeron (Newark) | ROI-NJ

HAX, a hard-tech accelerator run by one of the most-active venture capital firms in the world, will announce Thursday morning that it is establishing its U.S. headquarters in Newark — and bringing with it a commitment to develop 100 companies in the city over the next five years, ROI-NJ has learned. Companies participating in the HAX program are expected to …

NJIT ranked No. 43 for undergraduate entrepreneurial programs

ROI-NJ Staff (Newark) | ROI-NJ

New Jersey Institute of Technology was ranked among the 50 best schools in the country for undergraduates who want to become entrepreneurs by the Princeton Review on Wednesday. NJIT, which was ranked No. 43, was the only New Jersey school cited. The rankings are based on a survey by the Princeton Review conducted in partnership with Entrepreneur magazine taken in June-August 2019. It was the …

NJIT joins business research hub with $15M in funding

Linda Lindner | NJBIZ

New Jersey Institute of Technology on Aug. 25 joined seven other universities to create a new regional research hub that will help faculty and students convert federally sponsored research into successful businesses. Starting in January, the Northeast I-Corps Innovation Hub – funded by a $15 million National Science Foundation grant and led by Princeton University – will provide entrepreneurial training, …

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