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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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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