Startups

Newark Paper Co., employee-owned cooperative, has ribbon-cutting in city meant to signify new era

ROI-NJ

It wasn’t just another ribbon-cutting for Newark Mayor Ras Baraka on Wednesday. When Baraka and Invest Newark CEO Bernell Hall gathered for the ceremony for a new warehouse for the Newark Paper Co., they were there to celebrate an employee-owned cooperative that Baraka feels will support economic advancement and leadership of Newark residents. Newark Paper Co., an office supplies and …

Economic Endurance

Daniel J. Munoz | NJBIZ

The New Jersey Economic Development Authority on July 14 unveiled the first two recipients for the expanded version of Angel Investor Tax Credits, which helps investors recoup some of the financial losses incurred from investments in budding technology and life-sciences startups. Under the $25 million program, investors can sell tax credits for up to 20 percent of investments into certain …

Shade, working out of CDI, gets $750K grant for wearable that measures strength of UV rays

Tom Bergeron | ROI-NJ.COM

A wearable that can measure the UV index from sunlight soon could be mainstream — thanks to a $750,000 grant from the National Science Foundation. The product, which fits on your wrist and is in the shape of an old-school watch, is produced by Shade, which works out of the Center for Discovery & Innovation, a research arm of Hackensack …

Digitalundivided maintains focus on empowering Black, Latinx entrepreneurs

Anastasia Bergeron | ROI-NJ.COM

Farah Allen remembers feeling stuck. “I had my company in the market for a year,” she said. “I knew how to make technology and resource teams, but I didn’t know how to run a business.” As a Black female entrepreneur, she ran into the same problems whenever she sought help from entrepreneurship groups: “No one there looked like me. And …

Black, Latino angel fund backed by Rutgers is ready to hear entrepreneurs’ pitches

Esther Surden | ROI-NJ.COM

It’s been a long journey, but the Black and Latino Angel Investment Fund of New Jersey is about to hear pitches from the first three entrepreneurs hoping for investment. The fund, started by Lyneir Richardson, executive director of the Center for Urban Entrepreneurship & Economic Development at Rutgers Business School in Newark, has 10 angel investors and has raised $500,000 so far. …

NJTC, PSEG team up on CleanTech Alliance — challenge offers startups $50K prize

ROI-NJ Staff | ROI-NJ

The New Jersey Tech Council is partnering with Public Service Enterprise Group to start the NJTC CleanTech Alliance — which is kicking off with a $50,000 CleanTech Impact Challenge for startups. The NJTC, a nonprofit known in the state for its support of business and technology innovators, said PSEG, one of the state’s major utility players, will be founding sponsor of the alliance, which strives for …

Feliciano Center opens up pitch contest to community-based startups — not just those run by students and alumni

Meg Fry | ROI NJ

For the first time, Montclair State University’s Feliciano Center for Entrepreneurship and Innovation is encouraging local entrepreneurs in Montclair, Little Falls and Clifton to submit to its prize-winning annual pitch contest, Startup Montclair — making it one of the only higher education institutions in the state to do so. “We’re excited to broaden our annual competition this year to include not only a ‘female founders’ …

New Jersey Startup Pitch Competitions are Making the Grade

Loralyn Mears PhD | Grit Daily

For people that live on “the other” side of the Hudson River, there’s always a bit of “me versus them” in reference to anything going on in the city when contrasted to the efforts within the Garden State. Make no mistake, the New Jersey startup tech scene is growing. Broader angel investor tax incentives announced by NJ Governor Phil Murphy plus increased access to capital …

Put to the test: Startup donated training platform to Newark, to help residents pass crucial skills test

Brett Johnson | ROI NJ

In most ways, 1Huddle looks like any tech startup aspiring to the sort of disruption brought over the years by well-known, highly-valued Silicon Valley firms. The elevator pitch tells you all you need to know: It wants to make employee training fun. But 1Huddle, creator of a mobile platform that turns dull training materials into trivia games, is based in Newark. It’s …

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