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Magnetar, a global multi-strategy alternative asset manager, with additional support from Pulse Fund and strategic partner Pritchard Auto Company, made a $36 million equity contribution to the five-year-old company. In addition, Endera secured a $13 million credit facility.
Ive been grateful to see that support firsthand throughout my careerwhether through the passage of the JOBS Act , the creation of Opportunity Zones , or, most recently, the Regional Technology and Innovation Hubs (Tech Hubs) initiative. were on the platform. Based in Washington, D.C., These are great stories.
is core to our investment thesis. an event showcasing the innovation and economicgrowth possible in the middle of the country. Revolution’s team put rubber to the road this spring, traveling more than a collective 12.5K While we may not show up on a big red bus every time, showing up?—?figuratively figuratively and literally?—?is
Today, it operates 32 data centers and supports over 250,000 Nvidia GPUs, serving clients like Microsoft, Meta, and OpenAI. CoreWeave, alongside its partners, is contributing to a $72 million investment into the initiative, including a planned NJ AI Venture Fund that will support early-stage innovation and AI commercialization.
Our 25th anniversary is not just a milestone – it’s a testament to the unwavering dedication of a community committed to innovation, entrepreneurship, and economicgrowth. To mark this important occasion, we recently held an event that brought together many of our partners, entrepreneurs, supporters, and friends.
Racial wealth disparity is a major barrier to thriving communities and economicgrowth. However, it’s important to consider what barriers entrepreneurs of color face that may keep them from being able to benefit from investment and support resources. Make your ecosystem inclusive. Who is missing from your network?
Governor Josh Shapiro’s bipartisan budget supports programs to create vibrant downtowns and commercial corridors across PA helping small businesses. Governor Shapiro’s 2024-25 budget directs $20 million in investment into the new M ain Street Matters program.
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 economicgrowth across Oklahoma and beyond. i2E, Inc., About i2E, Inc.
As business owners, we often have a huge amount of wealth tied up within our businesses, but don’t form the habit of creating other income streams and forms of wealth, such as investments outside our businesses. The best advice she ever gave me, though, was to join the EO to build my leadership skills and my support network.
Our proposal: governments systematically support funding for their diaspora founders, not just the local founders. National and local governmental organizations who are interested in promoting economicgrowth and job creation , and particularly want to see a thriving tech ecosystem generating high-paid jobs. .
Today, it’s one of the most valuable companies in the world, with a market capitalization of more than $550 billion, directly employing 47,000 and supporting a far larger economy , from contractors and suppliers to iOS application developers. Granted most startups will never become another Apple or Google.
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.
These businesses deserve our support and celebration; they make up the bulk of the existing entrepreneurial ecosystem in any community. Microenterprise and Main Street companies are especially important for our rural communities, and should be carefully considered in rural economic development. Digitally disconnected.
Register Indonesia-based venture capital firm East Ventures and Seoul-based venture capital firm SV Investment have joined forces to establish a new fund targeted at $100 million. Roderick Purwana, Managing Partner of East Ventures, expressed his satisfaction with the SV Investment partnership.
We propose that governments should systematically support funding for their diaspora founders, not just founders locally. Then you have national and local governmental organizations interested in promoting economicgrowth and job creation. have created or supported funds to invest in local VC managers.
A groundbreaking advancement in electric vehicle (EV) charging technology is set to transform the industry as Greenville-based startup, Advanced Power & Energy, secures a significant investment of $500,000 from the Mercer County Innovation Fund, in collaboration with Ben Franklin Technology Partners of Central & Northern Pennsylvania.
Building Startup Communities is the Way to EconomicGrowth and Recovery. The research and evidence supporting the impact and value of startup community building is strong. Economicgrowth or expansion (or recovery) depends on business dynamism. Startups are key to business dynamism and strong economicgrowth.
In 2023, the industry attracted substantial investments, with strong financial inclusion and blockchain technology gaining acceptance in some countries. This investment came from a consortium of regional investors, including Northstar Group, Alpine Ventures, Patamar Capital, and January Capital.
Should Latino companies simply bide their time, hoping for the winds of investment to bring economicgrowth their way? This proximity allows for more accessible communication, collaboration, and quicker response times, which can be especially advantageous in industries that require real-time decision-making or support.
We hardly invent any new technologies and don’t invest enough in research and development,” Suhail says. “I Plus, making it free for all ensures that even the most economically disadvantaged people in our society can attend and learn. You could say that everything we do is in support of SDG 4,” says Suhail.
Economic Development Administration that represents a forward-looking commitment to supercharging innovation across the nation, spurring cutting-edge technological investments, and creating 21st-century job opportunities. The post Making Northcentral PA the Global Center for Advanced Pressed Materials first appeared on BFTP/CNP.
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. This contrasts with comparable underserved communities that experience little to no economicgrowth or benefit.
Register MADCash , the Malaysian fintech startup specializing in zero-interest micro-funding for women entrepreneurs, has successfully concluded its pre-Series A funding round with a RM 5 million investment. Artem Ventures led the investment charge, with contributions from MSW Ventures and the ScaleUp Founders Fund.
Register Capria Ventures , a venture capital firm specializing in investments in the Global South , has announced the first close of its $100 million fund, which will focus on investing in 20 to 25 tech startups in key entrepreneurial hotspots across India, Southeast Asia, Latin America, the Middle East, and Africa.
$20M program matches investors’ direct investment in product-based companies TRENTON, N.J. 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.
The Act, which allocates $2 billion to states under the “Innovation and Startups Equity Investment Program,” enables investors in undercapitalized regions to leverage federal dollars into startup investments. The clearest mechanism for this support was wartime expenditures on research and development by the U.S.
$43 million invested to foster regional collaboration to support the economicgrowth of communities through innovation Universities, nonprofits, businesses and other organizations across the U.S. These first-time awards were given to 44 teams around the country tasked with driving American innovation into the future.
Bullpen Capital has invested over $3 million into The Many Company TRENTON, N.J. July 17, 2024) – The New Jersey Economic Development 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 Economic Development Authority (NJEDA) Board today approved an investment from the New Jersey Innovation Evergreen Fund (NJIEF) into an emerging women-led company, The Many Company.
Register Binance , the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider , entered into a joint venture (JV) agreement with Royal Group of Companies (Royal Group), Cambodia’s strategic investment holding company, to solidify the relationship of the two firms and to expand blockchain ecosystem in Cambodia.
$1 billion allocated to support her philanthropic voice of advancing women and family causes Melinda French Gates announced she is going her own way, stepping down from the Bill & Melinda Gates Foundation she and her husband founded almost 25 years ago.
Funds will supportinvestments in early-stage technology companies TRENTON, N.J. July 17, 2024) – The New Jersey Economic Development 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.
Ben Franklin Technology Partners of Central and Northern PA (CNP) has remained steadfast in its pivotal role, bolstering local tech-based enterprises, small manufacturers, and entrepreneurs by continuing to provide essential business support services, training, and capital investments.
Senator Todd Young (R-IN) spoke with a16z General Partner Martin Casado at the American Dynamism Summit about the importance of open innovation and American leadership in AI, and why we need to support AI research at all levels — from the classroom to the war room. We need to make some key investments in people and platforms.
This will be used to strengthen venture capital ecosystems and invest in early-stage companies in order to address development challenges through technological innovations in climate, health care, education, agriculture, e-commerce, and other sectors.
“Communities seeking to grow their economy need to understand the impact entrepreneurship and small business play in economicgrowth.” — Grow Your Own: Entrepreneurship-based Economic Development for Local Communities, Dell Gines, Federal Reserve Bank of Kansas City. Identify Potential Allies.
Watch/listen to the Interview: In this interview Richard Liew talks with James Burnes , Chief Executive at Ministry of Awesome , a Christchurch New Zealand based startup hub helping high growth startups throughout New Zealand to start, grow and scale up. I’d rather put the money into the program themselves than supporting the founders.
Pictured left to right: Barry Snyder, Erin Kerner, Bob Dornich (TechCelerator Coach), Michael Irvin “We are thrilled to witness the success of these promising startups and their potential to drive economicgrowth in the Erie region,” remarked Brian Slawin, Portfolio Manager for Ben Franklin CNP.
FOR IMMEDIATE RELEASE 10/01/2023 10/01/2023 - The Angel Capital Association (ACA), the world’s largest association of angel investors, has announced that Columbus, Ohio will host its 2024 Summit of Angel Investing. Visit angelcapitalassociation.org. Contact: Director of Marketing, Dannielle Stewart.
A female-focused fintech, Shecluded aims to empower finance for all women by providing them with access to loans, learning opportunities and support to scale their businesses. It is supported by a secure and trusted escrow infrastructure to handle payments anywhere in Africa. account, one of the lowest rates in the world.
OK2StandUP, a cutting-edge healthcare technology startup dedicated to preventing falls among seniors, is thrilled to announce a strategic investment of $150,000 from Ben Franklin Technology Partners of Central and Northern Pennsylvania (CNP). Persistence and a clear vision are crucial for impactful investment and sustained success.”
In partnership with the PA WILDS Center for Entrepreneurship, and with funding support provided by the Appalachian Regional Commission (ARC), Ben Franklin Technology Partners’ recent innovation competition targeted the counties of Centre, Clarion, Clearfield, and Jefferson. RSVP: [link]. appeared first on BFTP/CNP.
First Complete Cycle of Investment Under Novel State Program Benefits Newark Provider of HR Gaming Platform TRENTON, N.J. October 12, 2023) – The New Jersey Economic Development Authority (NJEDA) Board today approved the first investment in an emerging New Jersey company from the New Jersey Innovation Evergreen Fund (NJIEF).
Pangyo Techno Valley is Korea’s flagship business cluster established with the goals of technological innovation, talent development, job creation, strengthening global business competitiveness, and securing new economicgrowth engines. These successes stem from region-specific corporate support programs.
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