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New Jersey to create a new-company “accelerator” program to nurture technology entrepreneurs
New Jersey is seeking to create a new-company “accelerator” program to nurture technology entrepreneurs through mentoring. Similar programs have been successful elsewhere.
The New Jersey Economic Development Authority is seeking proposals and ideas from technology specialists on how to create the program, hoping to bolster innovation at the earliest stages of a company’s growth.
The program will get $450,000 over three years and should “demonstrate an ability to leverage private investment dollars” to public dollars at a minimum ratio of 3-1, the EDA said. (Morley, The Record)
