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” It’s the most common refrain I hear from investors and even entrepreneurs these days. ” I hear it when I visit LPs (the people who invest in VCs) all across the country, “Yeah, I haven’t been out there for a few years but I keep hearing that something is going on there.” for $565 million to Excite.
The concept of building networks of support, or what has sometimes been referred to as, forging “entrepreneurial ecosystems”, has been a key focus for many advancing the idea that innovation and entrepreneurship will be the future of not just our recovery- but the necessary inclusive pathway for economic advancement and wealth building for all.
“Communities seeking to grow their economy need to understand the impact entrepreneurship and small business play in economic growth.” — Grow Your Own: Entrepreneurship-based EconomicDevelopment for Local Communities, Dell Gines, Federal Reserve Bank of Kansas City. Identify Potential Allies.
This organization would hire culturally knowledgeable staff, coordinate ongoing collaboration in their networks, proactively target and recruit hard-to-reach entrepreneurs, and set collective impact metrics and outcomes. Information is available from the SBA Information Notice (PDF). Going beyond the SBA Community Navigator model.
This federal shift in investment and policy represents a tremendous opportunity for economicdevelopers, community champions and grassroots ecosystem organizers who want to transform their local economies as their community recovers from the devastating economic impact of COVID-19. Interested in getting more information?
economicdevelopment agencies, foundations, chambers of commerce, non-profits). identify and enable entrepreneur-driven solutions; promote and expand entrepreneur-to-entrepreneur mentoring or investment relationships). Willing participants may be contacted for follow-up. Thank you!
During my tenure with the local University I worked with economicdevelopers all across Iowa, from Sioux City to Davenport and a great many small but mighty communities in-between: Grinnell, Parkersburg, Webster City and Lamoni to name a few. Starting and growing a business can prove to be a daunting endeavor within any market.
a nonprofit dedicated to fostering the growth of startups and entrepreneurs in Oklahoma, is proud to announce surpassing the $100 million mark in total investments. This achievement highlights their continued commitment to driving innovation and economic growth across Oklahoma and beyond. i2E, Inc., About i2E, Inc.
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A new batch of enterprising New Zealanders are being given the opportunity to fast track their ventures from idea through to startup, thanks to an online education initiative backed by Callaghan Innovation and entrepreneur education platform Startup NZ. Dr Jenny Douché, Callaghan Innovation.
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Nine tech-companies in central and northern PA, that were adversely affected by COVID-19, received an investment from Ben Franklin Technology Partners/CNP that will allow them to stabilize their operations and further develop and commercialize new products, processes, or software applications. We Invest in Innovation.
At first, we primarily played an advocacy and convening role, working with policymakers and administrations , organizing bus tours, and telling the stories of the entrepreneurs we met along the way. In the last decade, we’ve socialized several Rise of the Rest-isms to describe investments that check those boxes. Plastomics: St.
Partnerships help bring long-term sustainability including economicdevelopment, entrepreneurship, safe neighborhoods, expanded workforce, and education. So the spirit of this initiative is economicdevelopment as well as community development & social impact. The post Investing In Distressed Communities.
The largest early-stage investor in the region, Ben Franklin provides investment capital, business support services, BIG IDEA Contests, and Tech Startup Boot Camps to emerging tech-entrepreneurs and small manufacturers located in central and northern Pennsylvania. WE INVEST IN INNOVATION. www.returnlogic.com.
In our commitment to entrepreneurship-led economicdevelopment, we’ve made it our practice to regularly share insights and lessons learned while celebrating success stories along the way. The Challenges of LGBTQ Entrepreneurs — and resources to help. Women entrepreneurs find success despite lack of access to investment capital.
The largest early-stage investor in the region, Ben Franklin provides investment capital, business support services, BIG IDEA Contests, and Startup Boot Camps to emerging tech-entrepreneurs and small manufacturers located in central and northern Pennsylvania. WE INVEST IN INNOVATION. . For more information: www.reflexion.co.
Next NJ Program and AI Innovation Challenge Administration Grant Program will increase AI investment and catalyze groundbreaking research TRENTON, N.J. New Jerseys continued investment in the sectors of the future will pay dividends for generations to come, setting the Garden State on a path of economic strength and prosperity.
Ben Franklin’s investments paid huge dividends for the commonwealth as the state continued to rebound from the pandemic, according to the statewide initiative’s “2021 Annual Statewide Impact Report,” with clients generating more than $2 billion in revenue and securing $917 million in post-Ben Franklin financing. in additional state taxes.
STATE COLLEGE, PA – Seventeen companies located in central and northern PA recently received an investment from Ben Franklin Technology Partners that will allow them to further develop and commercialize new products, processes, or software applications. We Invest in Innovation. www.arbitratorintelligence.com. www.xactmetal.com.
And yet, our economic policies espoused by governments and traditional economicdevelopment approaches continue to focus on attracting big businesses. It’s time for a radical rethink in how we do economicdevelopment. Economic growth or expansion (or recovery) depends on business dynamism.
I am at once proud of and awed by Jonathan, whose dual-track passion for the future of food and the future of Appalachia has brought him to tears more than once since we first invested in early 2018. Our foundational investment thesis at Rise of the Rest is a simple one: we see opportunity first through the lens of geography.
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A successful entrepreneur, businessman and EO Bahrain member, Suhail Algosaibi had long thought about how he could use his position and his company—FALAK Consulting—to make real, radical and sustainable change in his corner of the world. We hardly invent any new technologies and don’t invest enough in research and development,” Suhail says.
Jill Edwards, Executive Director for Ben Franklin’s Venture Investment Forum, the umbrella organization for the BIG IDEA Contest, commented, “The BIG IDEA is a fun, no-risk way to help an entrepreneur take their idea to the next level. The post WINNERS OF BEN FRANKLIN’S BIG IDEA CONTEST ANNOUNCED! appeared first on BFTP/CNP.
We see this every day as entrepreneurs building AI companies come knocking on our door. It is very encouraging to see our local government supporting and investing in this new area of economicdevelopment. New York is one of the leading AI centers in the US, along with California and Massachusetts.
Jeff chats with Laura Grannemann, vice president of strategic investments from the Rocket Community Fund, to learn more. ” – Laura Grannemann, vice president of strategic investments from the Rocket Community Fund. ” – Laura Grannemann, vice president of strategic investments from the Rocket Community Fund.
Nine tech-companies in central and northern PA, that are developing solutions related to the impact of COVID-19 on the state and its economy, received an investment from Ben Franklin Technology Partners/CNP. We Invest in Innovation. www.xactmetal.com. www.cnp.benfranklin.org. www.cnp.benfranklin.org.
At the September 2021 Board of Director’s meeting, five additional companies were approved to receive an investment from Ben Franklin Technology Partners of Central & Northern PA. We Invest in Innovation. www.wildsonshinefactory.org.
Funds will support investments in early-stage technology companies TRENTON, N.J. July 17, 2024) – The New Jersey EconomicDevelopment 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.
The $300,000 fund combines capital from both organizations and will invest in and promote business growth and economicdevelopment, exclusively in Erie County. Ben Franklin Technology Partners, an award-winning technology based economicdevelopment program, is among the most widely known and emulated initiatives in the nation.
Dozens of emerging entrepreneurs who are developing an innovation related to the maker economy, forest products, outdoors and recreation and even tech manufacturing, visited the site to check out the rules, eligibility, and application process. Nearly 40 submitted an application by the contest’s deadline on April 18, 2022.
Local broadband providers offer greater access to achieve economic prosperity Rural economies and communities benefit from access to fiber broadband, boosting entrepreneurship, income, and business investments. Rural communities with higher broadband adoption rates have significantly more business startups by rural entrepreneurs.
SEE FULL SCREEN LEADING INNOVATION AND ECONOMIC RESILIENCE IN PA As we reflect on the remarkable journey of the past year, I am filled with pride and gratitude for the ongoing impact that our program has had in driving economicdevelopment and fostering innovation throughout Pennsylvania. EconomicDevelopment Administration.
Bullpen Capital has invested over $3 million into The Many Company 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.
Bullpen Capital has invested over $3 million into The Many Company 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.
Sadness for the loss of a bright young New Zealander who had so much going for him, for the terrible loss for Jake’s mother and his whanau and friends, and for the loss of an up and coming innovator and entrepreneur to our business community. It also made me angry.
Put off by high taxes and paperwork in their home country, many Italian entrepreneurs moved to places like London in years past to startup. Indeed, the Italian Ministry of EconomicDevelopment and the Italian Trade & Investment Agency in London have even been known to fund Italian entrepreneurs abroad to help them gain more experience.
About the TechCelerator: Ben Franklin’s TechCelerator offers a dynamic 10-week business boot camp, providing local entrepreneurs with a transformative platform to kickstart their startups.
The Valley produces world-class entrepreneurs, angel investors, venture capitalists and successful high-tech companies – all growing and creating jobs on one relatively small peninsula. Many other communities are entrepreneur-friendly and, by any measure, have the tools in place to spawn new high growth companies.
.” Maggie Horne, Director of the Gannon Small Business Development Center (SBDC), echoed similar sentiments, emphasizing the importance of collaborative initiatives like the TechCelerator program in fostering innovation and supporting local entrepreneurs. cnp.benfranklin.org/techcelerator.
Recently, our team had the difficult job of choosing finalists from all the applications received from the region’s emerging tech-entrepreneurs and small manufacturers.
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