Gov. Phil Murphy praised the New Jersey Economic Development Authority (EDA) for its creation of an Innovation Challenge that gives eligible communities the opportunity to receive funds for plans that strengthen their local innovation ecosystems. The Challenge will launch as a pilot round with awards of up to $100,000 per recipient.
“Now is the time for the creativity and entrepreneurial spirit of New Jersey to shine as we ignite our potential to grow an innovation economy,” said Governor Murphy. “We want specific plans that will support inclusive economic development and enhance the local business ecosystem.”
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