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The companys collaboration with the New Jersey EconomicDevelopment Agency is a boost to the states program to attract AI companies for its innovation economy. In March 2025, it signed a five-year, $11.9 The company also acquired AI platform developer Weights & Biases for $1.7
March 18, 2025) Last week, the New Jersey EconomicDevelopment Authority (NJEDA) Board approved the creation of the Next New Jersey Program – AI and the AI Innovation Challenge Administration Grant Program. For more information, including additional eligibility requirements, click here.
In response, AppHarvest has plans to launch 12 large-scale greenhouses by 2025. If the company wins, they will help reshape an industry plagued by poor operational practices, help rebuild a region long overburdened by economic neglect, and help alleviate one of the existential global crises of our generation.
January 3, 2025) The New Jersey Commission on Science, Innovation and Technology (CSIT) awarded over $2.7 Combined, both rounds have awarded over $5 million to support demonstration projects conducted by innovative New Jersey companies, accelerating the commercialization and deployment of clean energy technologies. TRENTON, N.J.
July 17, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) Board today approved an investment from the New Jersey Innovation Evergreen Fund (NJIEF) into an emerging women-led company, The Many Company. The NJEDA is planning for another tax credit auction in 2025 to raise additional capital for further investment.
July 17, 2024) – The New Jersey EconomicDevelopment Authority (NJEDA) Board today approved an investment from the New Jersey Innovation Evergreen Fund (NJIEF) into an emerging women-led company, The Many Company. The NJEDA is planning for another tax credit auction in 2025 to raise additional capital for further investment.
economic and national security. This new round of awards is funded by new appropriations from the Fiscal Year (FY) 2025 National Defense Authorization Act (NDAA). NDAA provisions allow for additional funding of up to $280 million for the Tech Hubs Program in the coming years.
The Bell Labs Venture Studio will initially be located at Nokia Bell Labs’ Murray Hill campus by mid-2025 and will later be housed within the NJ Nokia Bell Labs Innovation Center. The venture studio will also assist its ventures with access to a network of academic, corporate, and venture partners to accelerate venture growth.
February 24, 2025) The New Jersey EconomicDevelopment Authority (NJEDA) and the Coriell Institute for Medical Research announced the creation of a new Strategic Innovation Center (SIC) in Camden, leveraging the world-class assets available at Coriell to support biomedical research and innovation.
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