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Startups

Governor Phil Murphy and Choose New Jersey Sign Historic Memorandums of Understanding with Ireland’s Top Tech Universities and Incubators

Governor's Office | Press Release

Governor Phil Murphy, alongside Choose New Jersey President & CEO Wesley Mathews, today celebrated the signing of three Memorandums of Understanding (MOU) between New Jersey academic and real estate entities with top Irish tech universities and a prominent startup accelerator.  The MOUs aim to create mutually beneficial opportunities and forge collaboration in innovative projects that foster entrepreneurship, business development, career …

NJEDA Board Approves Creation of New Jersey Innovation Evergreen Fund

New Jersey Economic Development Authority (NJEDA) | Press Release

The New Jersey Economic Development Authority (NJEDA) Board today approved the creation of the New Jersey Innovation Evergreen Fund (NJIEF), a groundbreaking new tool to increase access to strategic resources and venture capital in New Jersey. The NJIEF will create partnerships between the state and the private sector to collaboratively align New Jersey’s well-resourced corporations, and national investors to support …

NJ Ranks in Top 10 States for VC Dollars Invested

New Jersey Economic Development Authority (NJEDA) | Press Release

Trenton, N.J. (March 4, 2022) – The New Jersey Economic Development Authority (NJEDA) today announced that New Jersey now ranks ninth in the nation based on venture capital (VC) dollars invested per state. According to PitchBook, innovation-focused companies in New Jersey secured $5.5 billion in 219 venture capital deals in 2021, up from $1.7 billion thorough 154 deals in 2020. This represents a …

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 …

EY Announces Winners for the Entrepreneur Of The Year® 2021 New Jersey Award

EY | Press release

In its 35th year, EY honors unstoppable entrepreneurial creators and disrupters in New Jersey. Ernst & Young LLP (EY US) is pleased to announce the winners of the Entrepreneur Of The Year® New Jersey Award. Entrepreneur Of The Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies. This group of audacious entrepreneurial leaders …

Glyde, an NJII startup, gets backing from venture firm that features Bezos, Zuckerberg

ROI-NJ Staff(Newark)

VentureLink@NJIT, the coworking and incubator space at the New Jersey Innovation Institute on the campus of New Jersey Institute of Technology, houses and supports a number of student-led startups. On Monday, NJII announced one has gained the backing of one of the most notable venture firms in the country. GlydeApp, which provides contactless dining by automating the ordering and payment process for restaurants …

Ahead of Senate and Assembly Committee Hearings, New Jersey Leaders Applaud Economic Recovery and Tax Incentives Reform Legislation

Governor's Office | Press Release

“This long-awaited incentive reform package will offer valuable support to the state’s entrepreneurial and innovation ecosystem. It is both comprehensive and sufficiently funded to help attract and retain more companies,” said James Barrood, Advisor at Tech Council Ventures. “The investor community is pleased to see Evergreen funding and increases in the state’s popular angel credit and NOL programs. I am …

Colab at Bell Works celebrates grand opening of expanded 25K sq. ft. space

Eric Strauss | ROI-NJ

The Colab at Bell Works, the official coworking membership facility at the Holmdel “metroburb,” celebrated its grand opening recently, property developer Somerset Development said. The 25,000-square-foot Colab includes a mix of professional workspaces available on flexible lease terms at the property, Holmdel-based Somerset Development said in a news release. The grand opening ribbon-cutting took place last week, and was attended by Holmdel Mayor Gregory Buontempo …

Ori Biotech To Use $30M Series A On Cell, Gene Therapy Manufacturing Platform

Christine Hall | Crunchbase

The drug discovery pipeline can take, on average, a decade to get from the lab to the patient. Ori Biotech aims to speed up the innovation of cell and gene therapies via the manufacturing platform it is bringing to market. The London and Woodcliff Lake, New Jersey-based company is developing a platform that closes, automates and standardizes manufacturing for cell and gene …

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Catherine Scangarella
Chief Business Development Officer