Trenton, NJ – Legislation that would change New Jersey laws and regulations to help businesses take advantage of crowdfunding passed the Senate last Thursday. Specifically, S-712/A-2073 would provide exemptions from registration with the NJ Bureau of Securities for companies that want to offer intrastate crowdfunding investment opportunities. The total investment cannot exceed $1 million, and the investment from any single purchaser is capped at $5,000.
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Newark, NJ - According to Tom Bergeron of NJBiz, "Dr. Robert Johnson had been associated with UMNDJ for much of his life. And he's the first to admit that when he heard the school was merging with Rutgers University, he didn't think it would make much of a difference — other than changing a few signs, he joked.
Trenton, NJ - The New Jersey Economic Development Authority (EDA) continues its series highlighting how entrepreneurs and investors are helping to build New Jersey’s technology ecosystem: In 1999, scientist-turned-entrepreneur Navneet Puri earned his PhD in Pharmaceutical Sciences from Rutgers University and went on to found InnoPharma, Inc. in Piscataway just a few years later. The research and development pharmaceutical company, focused on developing complex generic and innovative specialty products in injectable and ophthalmic dosage forms, was ultimately acquired by pharmaceutical giant Pfizer last year. Under Puri’s leadership, InnoPharma had more than 30 products in various stages of development, including 10 generic products that had received Food and Drug Administration approval.
Galloway, NJ - By spring 2017, Stockton University expects to complete the first phase of a major facilities expansion that will create a distinctive entrance on the Galloway Campus. The state-of-the-art facilities will allow Stockton to accommodate more students and better prepare them for successful careers in science, technology, engineering and mathematics (STEM).
Trenton, NJ – Twenty three of New Jersey’s colleges and universities make Money’s annual Best College’s ranking. Based off of three categories - quality of education, affordability and outcomes – several of the state’s institutions make the 736 school list.
Summit, NJ - Carlos Abad, founder of LaunchNJ, offers some summer reading and shares his “why” for starting the nonprofit dedicated to accelerating the entrepreneurial ecosystem in NJ. Hoping to keep New Jersey Entrepreneurs in New Jersey, Carlos Abad and LaunchNJ have grown, but there is still much to do. In a recent email sent out to the LaunchNJ contact list, he offers some summer reading:
Trenton, NJ – In this month’s edition of the New Jersey Business magazine, Anthony Birritteri, Editor-in-Chief features the New Jersey’s Partnership for Action (PFA), headed by the Lt. Governor Kim Guadagno. He discusses and interviews the leaders of the state’s public-private approach to economic development and the springboard for all initiatives, policies and efforts related to growing New Jersey’s economy and creating quality, sustainable jobs.
Trenton, NJ - According to Andrew Sheldon of NJBiz, "NJ 2-1-1 Partnership has received a grant of new DF15 H03 servers from the IBM Corporation. These servers will allow the partnership to consolidate applications from old servers onto virtual servers and help NJ 2-1-1 continue to provide valuable services for people in search of health and human service needs in New Jersey."
Trenton, NJ - Joined by state, federal, and local officials, Acting Governor Kim Guadagno, chair of the New Jersey Military Installation Growth and Development Task Force (Task Force), released the Task Force’s final report and includes STEM education as well as innovation to growth the NJ sector.
Trenton, NJ - According to April Klimley in the New Jersey Business Magazine, "At last, drones are coming to New Jersey – legally. In April, the Federal Aviation Administration granted approval for Unmanned Sensing Systems LLC (US2), a fledgling company in Mt. Laurel, to operate commercial drones in all 50 states."
Summit, NJ - Celgene Corporation announced that it has entered into an agreement to purchase the Merck & Co., Inc. research and office facility located at 556 Morris Avenue in Summit, New Jersey. Pending the completion of due diligence, closing is planned for September. Financial terms of the agreement are not being disclosed.
Secaucus, NJ - EY is pleased to announce the winners of the EY Entrepreneur Of The Year® Award in New Jersey. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. The winners were selected by an independent panel of judges, and the award was presented at a special gala event at the Hyatt Regency New Brunswick on June 25.
Montclair, NJ - NJ Spotlight today published an op-ed authored by Dean J. Paranicas, President and Chief Executive Officer of the HealthCare Institute of New Jersey (HINJ) on the subject of patent reform legislation currently pending before the U.S. House of Representatives.
Newark, NJ - In recognition of a strong commitment to economic engagement, the Association of Public and Land-grant Universities (APLU) today designated New Jersey Institute of Technology (NJIT) in the 2015 class of Innovation & Economic Prosperity Universities. The designation acknowledges NJIT as working with public and private sector partners in New Jersey and its surrounding region to support economic development through a variety of activities, including innovation and entrepreneurship, technology transfer, talent and workforce development, and community development.
Newark, NJ - The New Jersey Innovation Institute (NJII), an NJIT corporation that applies the intellectual and technological resources of the state’s science and technology university to challenges identified by industry partners, has announced that Dr. Donald H. Sebastian of Randolph has been named an Innovation Hero as part of the 2015 NJBIZ Healthcare Heroes Awards.
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