Investments Injected into Innovation Economy Through NJ Entrepreneur Support Program Top $2 Million
The New Jersey Economic Development Authority (NJEDA) has announced it has supported 35 investments totaling more than $2 million into 11 innovation-focused companies through the New Jersey Entrepreneur Support Program since April. The program is designed to support COVID-19-impacted small businesses in the Garden State’s innovation ecosystem.

NIH Interactive Tool IDs Stories of Successful High-Tech Small Businesses
As the global economy continues to struggle through the COVID-19 pandemic, the National Institutes of Health (NIH) has released an interactive online tool for discovering success stories of small business innovation and entrepreneurship. Showcasing several of the businesses that have successfully leveraged NIH small business funding – totaling more than $1 billion annually – to develop healthcare products and services, NIH’s Small Business Education and Entrepreneurial Development (SEED) office hopes that the tool will inspire others to start businesses and develop their technologies.

NJ’s Newest Master’s Degree Programs
According to Jennifer Lesser of NJ Business, “The events of this year have significantly impacted New Jersey’s economy, but one sector is usually impervious to economic unrest: higher education. The Garden State’s colleges and universities are reporting that when economic stability is shaken, they actually experience an uptick in enrollment.

BioNJ’s First Two Entrepreneurship Fellows Launch Exciting Careers
BioNJ, the life sciences trade association for New Jersey, congratulates Irina Katz, PharmD, and Paul Oyefesobi, PharmD, RPh, the first two Fellows in BioNJ’s Entrepreneurship Fellowship Program, on successfully completing their fellowships and landing exciting positions in the industry.

Stevens ACES Program Receives NJBIA’s Diversity and Inclusion Award for Increasing STEM Educational and Career Opportunities for Underrepresented Minorities
NJBIA has recognized the achievements of Stevens Institute of Technology’s ACES (Accessing Careers in Engineering and Science) program with its 2020 Diversity and Inclusion Award. The award is given to an organization that encourages and rewards diversity and inclusion initiatives, and implements programs that remove barriers and improve the climate, culture, experience and engagement levels for minority groups.

During Pandemic, VCs Look for Promising Startups, Smiga and Bhatti say
According to Esther Surden, “Recently, James Barrood, former CEO of the New Jersey Tech Council, hosted an online chat with investors Brian Smiga, co-founder and partner of Alpha Venture Partners, based in New York, and Jay Bhatti, co-founder and partner (technology) of BrandProject, also based in New York. Both are venture capitalists who make New Jersey their home, and both are gung-ho on New Jersey as a place for startups to grow.”

US EDA Makes $2M Available for STEM Talent
The Economic Development Administration’s Office of Innovation and Entrepreneurship (OIE) released a funding opportunity this morning for a new STEM Talent Challenge. The opportunity provides $2 million in total to governmental and nonprofit entities working to implement STEM apprenticeship models in their regions. Applicants may request up to $300,000 for an 18-24-month project, and no more than $50,000 may go toward planning and development, which should generally be completed within the first six months of the project period.

Israeli-New Jersey R&D Collaborations Receive Cash Support from Bird Foundation
According to NJ Tech Weekly, “If you have an R&D project that you’re trying to commercialize, and that could benefit from an addition of Israeli technology, there’s funding available for that. In fact, many New Jersey tech companies have been successful in their R&D collaborations with Israeli tech companies.

 

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