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CoreWeave’s IPO Marks a Milestone for New Jersey’s AI Ecosystem

American Entrepreneurship

The companys collaboration with the New Jersey Economic Development Agency is a boost to the states program to attract AI companies for its innovation economy. Still, CoreWeaves strategic moves are positioning it for long-term growth. In March 2025, it signed a five-year, $11.9 The company raised $1.5

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NJEDA Board Approves Two Programs to Advance New Jersey’s Leadership in Artificial Intelligence

American Entrepreneurship

March 18, 2025) Last week, the New Jersey Economic Development 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.

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Interview: James Burnes, Ministry of Awesome

NZ Entrepreneur

James Burnes: Ministry of Awesome is a startup ecosystem organisation that is on a mission to drive New Zealand’s economic growth through founder-led innovation. You’re also sort of no longer running your classic three-month type accelerator program, which finishes on, say, a demo day. James Burnes: Absolutely.

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NJEDA Approves NJ Innovation Evergreen Fund Investment in Women-Led Clothing Distributor

American Entrepreneurship

The Evergreen Fund currently has over $37 million available and is expected to use this to fund initial investments into additional high-growth businesses in New Jersey. The NJEDA is planning for another tax credit auction in 2025 to raise additional capital for further investment.

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NJEDA Approves NJ Innovation Evergreen Fund Investment in Women-Led Tech Platform

American Entrepreneurship

The Evergreen Fund currently has over $37 million available and is expected to use this to fund initial investments into additional high-growth businesses in New Jersey. The NJEDA is planning for another tax credit auction in 2025 to raise additional capital for further investment.

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EDA Awards an additional $210M in Tech Hub Grants Supporting Innovation

American Entrepreneurship

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.

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L’Oreal Groupe’s $160M Research & Innovation Center Strengthens New Jersey Innovation Ecosystem

American Entrepreneurship

Driving Economic Growth in New Jersey Governor Phil Murphy lauded L’Oral’s investment in the Garden State, emphasizing its role in advancing economic growth and job creation. “I am excited that L’Oral has chosen to continue investing in the future of New Jersey,” he said.