Startups

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 …

EY Announces Winners for the Entrepreneur Of The Year® 2020 New Jersey Award

EY | Press Release

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 unstoppable entrepreneurial leaders transforming our world was selected by an independent judging panel made up of previous award winners, …

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. …

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Catherine Scangarella
Chief Business Development Officer