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Technology

NARTP to launch and develop advanced air mobility industry in N.J.; project could create more than 25,000 jobs

Linda Lindner | ROI-NJ

The board of the National Aerospace Research & Technology Park in Egg Harbor Township is developing an emerging new aviation technology that will revolutionize short-distance air transportation by using electrically powered, vertical-take-off-and-landing aircraft, or eVTOL, — and work to channel advanced air mobility research & development and employment opportunities in Atlantic County. According to a study with Deloitte Consulting — “A Strategic Roadmap for …

Quick start: How hard-tech accelerator HAX has quickly gotten to work in Newark

Tom Bergeron | ROI-NJ

Duncan Turner remembers the day last fall when HAX announced it was coming to Newark — and how the hard-tech accelerator from the Princeton-based global venture capital firm SOSV was promising to develop 100 companies in the next five years in a state-of-the-art facility. He remembers how — other than the announcement — there wasn’t much to report. For an organization known around the …

HAX picks HQ site in Newark: Accelerator taking 35,000 sq. ft. on Broad Street

ROI-NJ Staff | ROI-NJ

New Jersey and Newark officials were thrilled last fall when HAX, the hard-tech accelerator run by SOSV, one of the most active venture capital firms in the world, announced it was going to make Newark its home. This week, SOSV announced just where that home will be: 707 Broad St. HAX and SOSV have signed a 10-year lease on a 35,000-square-foot headquarters …

Stevens Joins QCI to Ring Nasdaq Closing Bell, Celebrating Joint Quantum Venture

Stevens Institute of Technology | Press Release

When the Nasdaq market exchange rang its closing bell in New York City’s Times Square in the afternoon of July 20, Stevens Institute of Technology was front and center in the national spotlight — showcasing leading-edge university research commercialized and translated to the technology marketplace. Center for Quantum Science and Engineering director Yuping Huang and School of Engineering and Science Dean Jean …

Eos introduces Ingenuity Lab at Edison headquarters

Matthew Fazelpoor | NJBIZ

“This is a company that was born here in Middlesex County,” Chief Executive Officer Joe Mastrangelo said as he unveiled the new Eos Ingenuity Lab at the firm’s Edison headquarters Monday. “As we’ve evolved as a company, our needs have evolved,” he added. Eos, which was founded in 2008, designs and manufactures state-of-the-art zinc batteries intended to provide new energy storage options …

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 …

Leica Camera to Relocate North American HQ to Teaneck

New Jersey Business Magazine | Press Release

Leica Camera, Inc. has signed a long-term lease to bring its North American headquarters to Glenpointe Centre West in Teaneck. Newmark represented Alfred Sanzari Enterprises in the transaction. Cushman & Wakefield represented Leica Camera, Inc. Previously headquartered in Allendale, Leica Camera, Inc.’s new 12,274-square-foot North American headquarters, the largest of the three buildings that make up the office component of …

CGI establishes new location in New Brunswick, New Jersey

PRNewswire | Press Release

CGI (NYSE: GIB) (TSX: GIB.A), a global IT and business consulting services firm, today hosted a ribbon-cutting ceremony and reception celebrating its new office in New Brunswick, New Jersey. Located at 120 Albany Street, the 11,500 square feet facility will be CGI’s main office in New Jersey. CGI currently employs over 250 professionals in the region. “CGI is pleased to …

Cross River Announces $620 Million Capital Raise Led by Eldridge and Andreessen Horowitz to Accelerate Next Stage of Growth

Business Wire | Press Release

FORT LEE, N.J.–(BUSINESS WIRE)–CRB Group, Inc., the parent company of Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a $620 million financing. The round was led by Eldridge and Andreessen Horowitz, with participation from funds and accounts advised by T. Rowe Price Investment Management, Inc., Whale Rock and Hanaco Ventures. Several of …

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