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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. The company also acquired AI platform developer Weights & Biases for $1.7 billion, expanding its capabilities in the AI development lifecycle.

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How High Rents Hinder Startup Activity

Revolution

This multiplier effect is powerful for economic growth, but comes with drawbacks. Real estate developers love to build high-rise offices and condos for that tech worker, but are less excited (and often less incentivized) to build housing for the additional five, lower paid, employees.

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Decentralizing the Electric Grid

Andreessen Horowitz

Developers frequently submit multiple speculative proposals to identify the cheapest interconnection point, then withdraw unfavorable ones after costs are known, complicating feasibility studies. Even far more optimistic projections estimate 64% and 34% growth, respectively. We just need to scale reactor buildout.

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NJEDA Board Approves Program to Expand Access to Capital for Emerging Developers

American Entrepreneurship

(November 21, 2023) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved a new $20 million pilot program to support rising real estate developers. The Emerging Developer Fund will help developers gain access to capital and build additional capacity to expand their existing portfolio.

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NJEDA Awards First $2M under Angel Match Program to Support Early-Stage Technology Companies

American Entrepreneurship

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. TLA Innovation, Inc.

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The Techno-Optimist Manifesto

Andreessen Horowitz

We believe growth is progress – leading to vitality, expansion of life, increasing knowledge, higher well being. We agree with Paul Collier when he says, “Economic growth is not a cure-all, but lack of growth is a kill-all.” We believe everything good is downstream of growth.

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Ben Franklin Technology Partners Invests in Ten Companies!

Ben Franklin Technology Partners

Ten startup companies located in Central and Northern PA recently received an investment from Ben Franklin that will allow them to further develop and commercialize new products, and software applications, or stabilize operations in a long-standing manufacturing business.