Trenton, NJ - An altered and diminished labor market has driven many people – from recent college graduates to retirees – to form their own high-tech startup companies, and their efforts have been facilitated by a robust Internet era, which features easy access to relevant information, as well as smooth communications with colleagues and other experts.
More broadly, back-of-the-napkin startup ideas have also been fostered by the market’s demand for smartphone applications and, separately, the budding “Internet of Things,” the latter which can involve remotely controlling and/or interacting with physical objects ranging from homes’ thermostats to self-driven automobiles. Ideas and opportunities also abound in financial technology, healthcare and life sciences arenas, for example.
David J. Sorin, managing partner of McCarter & English’s East Brunswick office, and head of the law firm’s venture capital and emerging growth companies practice, adds, “Our economy is at the point when businesses are incorporating and integrating much of the technology enhancements of the last generation.”
He stresses that the ability for entrepreneurs to start companies today, reach commercialization and ultimately profit (all with less capital), has “never been more true than now, because companies don’t have to re-invent the wheel every time they want to develop something; the technologies [already exist].”
Meanwhile, opportunities have been created for high-tech startups because many large companies have reduced their internal technology development capabilities in order to reduce costs.
For the full article:
http://njbmagazine.com/monthly_articles/new-heights-for-high-tech-startups/
David J. Sorin, managing partner of McCarter & English’s East Brunswick office, and head of the law firm’s venture capital and emerging growth companies practice, adds, “Our economy is at the point when businesses are incorporating and integrating much of the technology enhancements of the last generation.”
He stresses that the ability for entrepreneurs to start companies today, reach commercialization and ultimately profit (all with less capital), has “never been more true than now, because companies don’t have to re-invent the wheel every time they want to develop something; the technologies [already exist].”
Meanwhile, opportunities have been created for high-tech startups because many large companies have reduced their internal technology development capabilities in order to reduce costs.
For the full article:
http://njbmagazine.com/monthly_articles/new-heights-for-high-tech-startups/
