HackHunterdon is Hunterdon County’s annual hackathon, a 24-hour tech-product-creation competition for innovators, organized by Hunterdon Co. Economic Development, Flemington Community Partnership, and the Hunterdon Co. Chamber of Commerce. Read more, register here.
Recognizing the biopharmaceutical industry’s size in the state, CIANJ assembled a panel of industry leaders to discuss its future & its effect on New Jersey. The event will be held May 2 at the Westminster Hotel, 550 West Mt. Pleasant Ave., Livingston, 8-11 a.m. Speakers are Richard Bagger of Celgene, Raymond Kerins of Bayer and Marissa Watkins of PhRMA. You can register here.
The crowd was a testament to the revitalization of the state’s innovation economy, said Beth Simone Noveck. The state’s first chief innovation officer, Noveck was speaking at the New Jersey Tech Council’s 22nd Venture Conference, held Thursday at New Jersey Institute of Technology in Newark.
“If what’s going on in these halls isn’t amazing, I don’t know what is,” she said. Noveck highlighted the economic plan Gov. Phil Murphy released last October and the four strategic priorities of said plan. More here
Columbus OH - According to SSTI, "The trend of fewer, larger deals that emerged over the past few years continued through the first quarter of 2019, according to newly released data from PitchBook and the National Venture Capital Association. U.S. activity in the quarter included $32.6 billion of capital investment on 1,853 deals, making it the second-highest quarterly capital investment total in the last decade. The latest edition of Venture Monitor also features a new dataset on investment in female-founded companies, which accounted for 2.2 percent of total VC deal value and 5.5 percent of total VC deal count in the first quarter. The report notes that foreign investment and immigration are two major policy issues that will be critical to how 2019 shapes up.
Washington DC - According to Brent Orrell and Caleb Seibert, "A recent New York Times article highlights the remarkable outcomes of Pursuit, a tech workforce training nonprofit working with low-income individuals in New York City. 85 percent of the program’s 300 graduates ended up in a tech job within a year, and the average annual income for these individuals is around $85,000. This represents a more than 350 percent increase in earnings for program participants (up from an average of $18,000), nearly half of whom were on public assistance at the time of admission."
Washington DC - Young, small firms are a key driver of the innovation economy, with major implications for employment, economic growth, and regional development. Venture capital (VC) backed firms tend to experience accelerated equity growth, fostered not only through financial support but also the credibility and large networks that VCs bring. VC itself is associated with improving regional economic outcomes like venture starts, employment, and wage bills.
Trenton, NJ - Is your biotechnology company currently growing here in New Jersey? Want to showcase your business to a global audience at the upcoming BIO International Convention this June in Philadelphia? Ready to tell the world about the advantages you’ve found in locating in the Garden State? Now’s your chance!
Newark, NJ - Beginning April 15, 2019, New Jersey Institute of Technology (NJIT) will join a growing citywide initiative introduced to encourage its employees to “live local.”
NJEDA Approves Indiegrove, Princeton Innovation Center Biolabs, & Cowork Street to Participate in NJ Ignite
From New Jersey Business
The New Jersey Economic Development Authority (NJEDA) announced that it has approved the addition of female-led coworking spaces Indiegrove, Princeton Innovation Center Biolabs (PICb), and CoWork Street to a growing list of collaborative workspaces that can offer rent support to startups moving into their facilities through NJ Ignite.
“Collaborative workspaces are embracing the opportunity to attract young, innovative companies while building an environment where entrepreneurs can network with, and learn from their colleagues,” NJEDA Chief Executive Officer Tim Sullivan said. “NJ Ignite provides access to affordable lab and office space, which is fundamental to cultivating a vibrant entrepreneurial ecosystem.” Read more here.
Trenton, NJ - According to Governor's STEM Scholar, "This program is for students registered for school in New Jersey who are pursuing studies in the fields of STEM (science, technology, engineering or math), have a 3.5 G.P.A. or higher, are in grades ten through the doctoral level, and who can show a demonstrated interest in STEM.
Columbus, OH - According to SSTI, "University-based economic development practitioners seeking to improve their relationships with urban areas have a new resource guide available to them, thanks to research from the Thriving Cities Lab at the University of Virginia’s Institute for Advanced Studies in Culture. The lab offers guidance for colleges and universities and in its Field Guide for Urban University-Community Partnerships, authors Joshua Yates and Michaela Accardi conduct three interrelated analyses."
Trenton, NJ - Responding to a growing need to find a cure for fibrotic diseases, Genesis Imaging Services offers cloud-based image analysis tools for scientists and researchers from its new home at the Commercialization Center for Innovative Technologies (CCIT) – a life sciences incubator owned by the New Jersey Economic Development Authority (NJEDA).
Trenton, NJ - The New Jersey Economic Development Authority (NJEDA) today announced applications for the Small Business Lease Assistance Program are now available. The program, which reimburses small businesses a portion of annual lease payments for new or additional space leased in targeted cities around the state, is part of the NJEDA’s efforts to invest in communities by revitalizing commercial corridors.
Innovation initiatives are seeing increased funding in some states as legislatures across the country begin to finalize budget bills and other legislation. SSTI continues to monitor these developments and this week we cover budget bills in Idaho that saw small increases to the Manufacturing Extension Partnership program, as well as increases in the Small Business Development Center and STEM Action Center, and new funding for a computer science initiative. South Dakota will see an increase in funding for the Governor’s Office of Economic Development and West Virginia passed bills creating an SBIR/STTR matching grant program, support for community and technical college tuition assistance, expansion of broadband service, and other innovation-related initiatives in its budget that passed earlier in March. Read more here.
Stevens Institute of Technology to host TechLaunch's next BullPen at the Babbio Center on April 24th
Register For BullPen #13 At Stevens Institute of Technology
FREE to Attend, to Park, to Participate, to Experience Quality Investor Type Pitches and to Hear What Angel Investors Seek
FOR ADDITIONAL INFO AND REGISTER TO ATTEND April 24 from 4:30 to 7:30 PM
· Network with Entrepreneurs & Investors
· Hear live feedback to Presenting Startups
· Witness a mentored and vetted Investor Pitch
· Participate in the interaction between Startups & Investors
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