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VC Continues Strong Investment in First Quarter
According to SSTI, “The trend of fewer, larger deals that emerged over the past few years continued through the first quarter of 2019, according to newly released data from PitchBook and the National Venture Capital Association. U.S. activity in the quarter included $32.6 billion of capital investment on 1,853 deals, making it the second-highest quarterly capital investment total in the last decade.

AEI: Hard and Soft Skills in High-tech Training
According to Brent Orrell and Caleb Seibert, a recent New York Times article highlights the remarkable outcomes of Pursuit, a tech workforce training nonprofit working with low-income individuals in New York City. 85% of the program’s 300 graduates ended up in a tech job within a year, and the average annual income for these individuals is around $85,000.

Apply Now to Become a Governor’s STEM Scholar!
According to the Research & Development Council of New Jersey, the Governor’s STEM Scholars program is for “students registered for school in New Jersey who are pursuing studies in the fields of STEM (science, technology, engineering or math), have a 3.5 G.P.A. or higher, are in grades 10 through the doctoral level, and who can show a demonstrated interest in STEM.”

Innovation, Broadband, Higher Education Initiatives Get State Support
According to SSTI, “Innovation initiatives are seeing increased funding in some states as legislatures across the country begin to finalize budget bills and other legislation. SSTI continues to monitor these developments and this week we cover budget bills in Idaho that saw small increases to the Manufacturing Extension Partnership program, as well as increases in the Small Business Development Center and STEM Action Center, and new funding for a computer science initiative.”

Exciting Changes Increase Access to R&D Tax Credits
According to NJBIZ, “One of the common misconceptions surrounding the R&D tax credit is that participants must wear lab coats and use test tubes in order to qualify. This could not be further from the truth — the definition of R&D for tax credit purposes is actually fairly broad. Companies are able to qualify activities from the development of concepts to the point where a product, process, formula, or other business component is ready to be commercially released.”

Wharton Public Policy: Financing Small, Innovative Firms
Young, small firms are a key driver of the innovation economy, with major implications for employment, economic growth, and regional development. Venture capital (VC) backed firms tend to experience accelerated equity growth, fostered not only through financial support but also the credibility and large networks that VCs bring. VC itself is associated with improving regional economic outcomes like venture starts, employment, and wage bills.

NJEDA to Showcase Emerging Biotech Companies at 2019 BIO International Convention Is your biotechnology company currently growing here in New Jersey? Want to showcase your business to a global audience at the upcoming BIO International Convention this June in Philadelphia? Ready to tell the world about the advantages you’ve found in locating in the Garden State? Now’s your chance!

NJIT Announces Launch of  ‘Newark Live Local’ Incentive Program
New Jersey Institute of Technology (NJIT) has joined a growing citywide initiative introduced to encourage its employees to “live local.” NJIT President Joel S. Bloom formally announced that the university will provide its faculty and staff with new special incentives as part of its involvement in the “Newark Live Local” initiative — a community-based program designed to attract full-time employees from participating organizations to live in Newark.

Upcoming Events

New Jersey’s Bio-Pharma Industry: Where is it Headed?

When: Thursday, May 2, 8 a.m. – 11 a.m.
Where: Westminster Hotel, 550 W. Mt. Pleasant Ave., Livingston

The Healthy Child: Nutrition and Fitness Education for Lifelong Health
When: Friday, May 3, 9 a.m. – 4 p.m.
Where:   Rutgers Institute for Food Nutrition & Health, 61 Dudley Road, New Brunswick

BioNJ’s 9th Annual BioPartnering Conference
When: Wednesday, May 8, 7:30 a.m. – 5:30 p.m.
Where: The Palace at Somerset Park, 333 Davidson Ave., Somerset

Growing NJ’s Fintech Ecosystem
When: Tuesday, May 21, 4 p.m. – 6 p.m.
Where: 400 Kelby St., 14th Floor, Fort Lee