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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. Winners will also receive mentorship and advisory support from the Administrators network of subject matter experts.

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CSIT Awards Grant Funding to Seven Innovative Startups Aiming to Strengthen NJ’s Food Security Efforts

American Entrepreneurship

January 3, 2025) The New Jersey Commission on Science, Innovation and Technology (CSIT) awarded over $500,000 in funding to seven New Jersey startups under the Food and Agriculture Research & Development Pilot Seed Grant Program. TRENTON, N.J. Inspired Growing, Inc.

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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. Richard Liew: Before we go, let’s just talk quickly about Electrify Aotearoa 2025, coming up on June 24th and 25th.

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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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NJEDA & Nokia Bell Labs Partner to Launch Strategic Innovation Center

American Entrepreneurship

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.