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Today, it operates 32 data centers and supports over 250,000 Nvidia GPUs, serving clients like Microsoft, Meta, and OpenAI. Microsoft alone accounted for over 60% of CoreWeaves 2024 revenue, raising questions about customer concentration risk. Still, CoreWeaves strategic moves are positioning it for long-term growth.
Governor Josh Shapiro’s bipartisan budget supports programs to create vibrant downtowns and commercial corridors across PA helping small businesses. Governor Shapiro’s 2024-25 budget directs $20 million in investment into the new M ain Street Matters program.
Ben Franklin Technology Partners of Central and Northern PA (CNP) has remained steadfast in its pivotal role, bolstering local tech-based enterprises, small manufacturers, and entrepreneurs by continuing to provide essential business support services, training, and capital investments.
AI presents a tremendous economic opportunity for New Jersey, poised to create good-paying jobs, catalyze new discoveries, grow our start-up community, and foster long-term economicgrowth, said Governor Murphy. Winners will also receive mentorship and advisory support from the Administrators network of subject matter experts.
FOR IMMEDIATE RELEASE 10/01/2023 10/01/2023 - The Angel Capital Association (ACA), the world’s largest association of angel investors, has announced that Columbus, Ohio will host its 2024 Summit of Angel Investing.
On March 20, 2024, the Samuel P. Pictured left to right: Barry Snyder, Erin Kerner, Bob Dornich (TechCelerator Coach), Michael Irvin “We are thrilled to witness the success of these promising startups and their potential to drive economicgrowth in the Erie region,” remarked Brian Slawin, Portfolio Manager for Ben Franklin CNP.
April 24, 2024) – The New Jersey Economic Development Authority (NJEDA) has closed its first four approvals under the Angel Match Program , awarding a total of $2 million to support early-stage technology companies. $20M program matches investors’ direct investment in product-based companies TRENTON, N.J.
Across Asia, governments are increasingly recognizing the role that startups play in driving economicgrowth, technological innovation, and job creation. Many Asian governments have rolled out targeted policies designed to […]
IDC’s analysis of data from eight countries finds the massive impact digitalization can have on GDP by 2024. How much small business digital transformation could boost economicgrowth. trillion to the combined GDP of these eight countries by 2024. trillion to the region’s economy by 2024. trillion to $14.6
Ben Franklin Technology Partners of Central and Northern PA (CNP) has remained steadfast in its pivotal role, bolstering local tech-based enterprises, small manufacturers, and entrepreneurs by continuing to provide essential business support services, training, and capital investments.
It will be these, and other more “local” technologies, that can circumvent costly long-haul wiring and be placed directly on-site that will help support significant load growth over the coming decades. And successfully navigating this shift will, no doubt, result in significant economicgrowth.
This is the time of year when we reach out to our angel community seeking nominations for both the Angel Capital Association’s FY 2025 Board of Directors and committee volunteers to help ACA continue to grow and support our work on angel investing. Entrepreneurs are the engine to economicgrowth and Angels are the fuel for that engine.
This is the time of year when ACA reaches out to our angel community seeking nominations for both the Angel Capital Association’s FY 2025 Board of Directors and committee volunteers to help ACA continue to grow and support our work on angel investing. Entrepreneurs are the engine to economicgrowth and Angels are the fuel for that engine.
June 19, 2024) – The New Jersey Economic Development Authority (NJEDA) and AfroTech have partnered to host AfroTech Executive 2024 in Newark during this year’s North to Shore Festival. AfroTech Executive 2024 will take place on Friday, June 28, 2024, at 3:00 p.m. TRENTON, N.J.
June 3, 2024) – The New Jersey Economic Development Authority (NJEDA) today announced that 34 technology and life sciences companies were awarded more than $68 million through the 2023 Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss (NOL) program. TRENTON, N.J. on Sunday, June 30 th.
program aims to bring businesses & workers back to NJ’s commuter hubs after pandemic Second tranche of funding for real estate projects to be awarded in early 2024 TRENTON, N.J. Program , to support the revitalization of Atlantic City and Newark, which both experienced negative economic impacts due to the pandemic. “As
NJ FAST is the fourth Strategic Innovation Center in the state and will support research and development, innovation, and entrepreneurship in the Fintech and Insuretech Sectors HOBOKEN, N.J. million in funding for the Innovation Center and will work to secure funding and industry support from various corporate entities. “We
Funds will support investments in early-stage technology companies TRENTON, N.J. July 17, 2024) – The New Jersey Economic Development Authority (NJEDA) today approved an investment into Newark Venture Partners, III, L.P. NVP III) of up to $6 million under the NJEDA’s Venture Fund Investment Program.
NJ’s Strategic Innovation Center will support 100 new companies over next five years, generating at least 2,500 new jobs NEWARK, N.J. HAX, a startup development program for pre-seed hard tech companies, with offices across the world, supports startups and entrepreneurs through investment capital, mentorship, and collaboration.
February 15, 2024) – To respond to challenges faced by New Jersey technology and biotechnology companies in raising capital, the New Jersey Economic Development Authority (NJEDA) is launching monthly Innovation Programs Office Hours to highlight programs offered by the Authority to stimulate the innovation economy.
Incredible Organizational Change, Growth and Advocacy: a Look at the ACA Success and Goals For 2024 Despite the volatility brought about by the pandemic, economic uncertainty, market fluctuation, bank failures and a myriad of other difficulties, the ACA has powered through to continue to be the voice for the art and science of angel investing.
March 22, 2024) – The New Jersey Economic Development Authority (NJEDA) today presented the inaugural New Jersey Global Economic Index, a report that highlights, ranks, and analyzes the sources of foreign direct investment (FDI) into New Jersey. The full report can be found online here.
July 17, 2024) – The New Jersey Economic Development Authority (NJEDA) Board today approved an investment from the New Jersey Innovation Evergreen Fund (NJIEF) into an emerging women-led company, The Many Company. We are thrilled to work with the NJEDA in our shared support of this dynamic and exciting company.”
July 17, 2024) – The New Jersey Economic Development Authority (NJEDA) Board today approved an investment from the New Jersey Innovation Evergreen Fund (NJIEF) into an emerging women-led company, The Many Company. We are thrilled to work with the NJEDA in our shared support of this dynamic and exciting company.”
Rutgers University CUEED, Covenant Business Concepts, and Ideation to Valuation are supporting the NMSDC MBE Center for Accelerated Growth, Innovation, and Resiliency program pillar of contract readiness to help minority business owners scale their businesses.
“What sets OK2StandUP apart is the unique perspective of its founding team, who have lived in assisted living facilities during the product’s development,” says José Luis Otero, the Ben Franklin Portfolio Manager supporting OK2StandUP. Plans include increasing the number of full-time employees to six in the first quarter of 2024.
March 8, 2024) – The New Jersey Economic Development Authority (NJEDA) will host in-person and virtual information sessions to introduce the newly established $20 million Emerging Developers Grant pilot program. Emerging Developers IN-PERSON EVENTS Tuesday, March 12, 2024, 6:00 p.m. – Register at: bit.ly/Emerging
Over $19 Million will Support Capital Projects to Improve Local Neighborhoods TRENTON, N.J. December 14, 2023) – The New Jersey Economic Development Authority (NJEDA) Board today approved the creation of the Atlantic City Revitalization Grant Program.
Under Governor Phil Murphy’s leadership, New Jersey has prioritized supporting diverse entrepreneurs and growing the state’s innovation community. Additionally, Board members will help establish partnerships to support the NJEDA’s mission to grow high-quality jobs, catalyze investment, and foster inclusive community development.
NJ Entrepreneur Support Program provides guarantees to support investments into Garden State companies TRENTON, N.J. The NJ Entrepreneur Support Program provides investors with a one-year guarantee of up to 80 percent on a convertible note or bridge loan to a qualifying company.
May 8, 2024) – The New Jersey Economic Development Authority (NJEDA) Board today designated Netflix Inc. The expanded Film and Digital Media Tax Credit program, coupled with strong state support, make a compelling case for the return of major production companies to New Jersey – the birthplace of film,” said Governor Phil Murphy.
The Evergreen Fund currently has $46 million available and is expected to use this to fund initial investments into six to ten high-growth businesses in New Jersey. The NJEDA expects to conduct another tax credit auction in 2024 to raise additional capital for further investment.
New Managing Director Joshua Taylor Brings 20 Years of Strategy and Entrepreneurial Experience Dallas, TX (SMU), March 11, 2024 (GLOBE NEWSWIRE) — Veteran leader Joshua Taylor has joined SMU Cox School of Business as the Managing Director of the William S. Spears Institute for Entrepreneurial Leadership. billion campaign for impact.
March 5, 2024) – The New Jersey Economic Development Authority (NJEDA) held the first in-person meeting of the Diversity Finance Advisory Board (DFAB) last week, bringing together a diverse group of investors, entrepreneurs, and mentors for presentations and networking sessions.
The event emphasised the deep cultural, spiritual, and economic connections local communities have with forests. Participants emphasised the importance of government support for conservation efforts while highlighting the critical roles of communities and NGOs.
Impact Hub Network Global team Facebook Twitter LinkedIn WhatsApp In a recent dialogue held in late May 2024, nearly 60 participants from Cambodia, Lao PDR, Thailand, and Vietnam gathered in Nan province, Thailand, to discuss the significance of forests in Southeast Asia.
Grants are financial awards given to organizations or individuals to support specific projects, research, or development efforts that do not have to be repaid. Conclusion: The grant-recipient tech hubs support early-stage startups by assisting them to overcome financial barriers as they scale their innovative technologies.
April 15, 2024) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved the creation of the New Jersey Green Bank (NJGB), which will make investments in the clean energy sector that will help advance the state’s efforts to make an equitable transition to 100 percent clean energy. TRENTON, N.J.
The companys ongoing growth is projected to significantly increase job creation in high paying STEM-related positions and be a magnet for local university graduates. This figure is projected to rise to $112 million annually, culminating in a cumulative economic impact of $751 million by 2030. Vice President of Research at Integer.
State College, PA On December 4, 2024, the Eric J. Barron Innovation Hub in downtown State College hosted the inaugural Central PA Sensor Technology Cluster event, gathering industry leaders, entrepreneurs, and economic development experts to showcase the regions growing sensor technology industry.
for 2024 — adjusting for inflation, that’s a $5B increase over a 10-year period. Beyond the numbers, the impact of that capital has also translated into jobs, economicgrowth, and success stories that have inspired others to start or back companies in their hometowns. in seed- and early-stage funding.
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