Technology

Mobile Sports Betting Pushes New Jersey to Historic Gambling Figures

Sports Illustrated

When New Jersey Governor Phil Murphy placed the state’s first legal sports bet in early June of 2018, it was doubtful that Murphy (who wagered $20 on Germany to win the World Cup) could have foreseen the incredible success that legalization would bring to the state. Since inception, New Jersey has handled over $7.6 billion in sports gambling and has …

Somerset-Based Whizai Gets $4 Million to Make Business Intelligence Easy for Pharma and Life Sciences

Esther Surden | NJ Tech Weekly

WhizAI (Somerset) has an artificial intelligence (AI) technology for the business end of the pharmaceutical and life-science industries that some observers have described as “magical.” The company recently secured an additional $4 million in funding to further scale its software offering. According to WhizAI cofounder and CEO Rohit Vashisht, he and cofounder Amitabh Patil started the company in 2017 with the …

132 N.J. companies land on Inc. 5000 fastest-growing companies list

Inc.’s annual ranking of the top American companies is back, and 132 from New Jersey made it onto the list. The New York City-based business magazine released Wednesday the Inc. 5000, an annual ranking of the 5,000 fastest-growing private businesses in the United States. Companies were ranked by their percentage growth in revenue over three years (2016-2019). Of the 132 …

Innovating During COVID-19: New Jersey’s Next Era in Life Sciences

Choose New Jersey | Area Development

Following 150 years of global leadership in life sciences, cell and gene therapy (CGT) is rapidly accelerating within the New Jersey ecosystem. As winter began to wane this year, the world was upended by the COVID-19 pandemic. Unprecedented levels of interest in cell and gene therapies have followed, with research and development (R&D) facilities testing different potential solutions, such as …

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 …

NJEDA approves $12M in investments through Angel Investor Tax Credit program

Emily Bader | ROI-NJ

In the first half of 2020, 14 businesses in New Jersey’s technology, life sciences and clean energy sectors were selected to receive a combined $12.3 million from 50 investments approved through the New Jersey Economic Development Authority’s Angel Investor Tax Credit Program. The Angel Investor Tax Credit Program provides investors refundable tax credits against qualified investments for New Jersey businesses. It supports …

NASSCOM Announces the Virtual Launch of NASSCOM Launchpad in New Jersey, in collaboration with [email protected] and Choose New Jersey, to Enhance Business Opportunities in the US

PR Newswire India

As part of its ongoing efforts to promote cross border trade through innovation, investments and technology partnerships, the National Association of Software and Services Companies (NASSCOM) today announced the Virtual Launch of NASSCOM Launchpad in New Jersey, with [email protected] and Choose New Jersey. This partnership aims to facilitate partnerships between New Jersey and India and will promote technology-based Foreign Direct Investment …

3 N.J. colleges launch new undergraduate STEM degrees

Emily Bader | ROI-NJ.COM

Three colleges in New Jersey have launched new degree programs all related to STEM, or science, technology, engineering and mathematics. William Paterson University Wayne-based William Paterson will launch a new 55-credit medicinal biochemistry major this fall. The program will include courses such as modern methods in drug design, medicinal chemistry, analytical instrumentation and nano-chemistry and technology. Students in the program …

EDA’s Entrepreneur Support Program awards $700K to 5 small businesses

Emily Bader | ROI-NJ.COM

The New Jersey Economic Development Authority announced on Friday it has supported 12 investments totaling $700,000 into five small businesses through the newly-established New Jersey Entrepreneur Support Program. The $5 million program was designed to support small businesses in New Jersey that have been impacted by COVID-19 by encouraging portfolio reinvestment. It provides an EDA guarantee of up to 80% for an …

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